Set up in March 2001, the Renault Foundation welcomes and trains foreign students from prestigious universities. It pays for their stay in France and for the training programs. Its role is to promote multicultural management and to enable high-flying students to become managers of international companies.
The Renault Foundation has welcomed 370 students of different nationalities since it was founded. It consolidates the links forged between Renault and universities, and builds closer ties between France and countries where the Group has strong presence. In 2007, the budget assigned to this mission totalled €2.7 million.
The Renault Foundation has set up partnerships with the most reputed institutes of higher education. In France, it has put in place innovative training programs in partnership with the universities of:
- Paris Dauphine and the University of Paris I Panthéon-Sorbonne's corporate management institute (IAE),
- Paris I Panthéon Sorbonne,
- HEC Ecole des Hautes études commerciales (Paris School of Management),
- and the engineering schools of ParisTech, including Ecole Polytechnique, Ecole des Ponts ParisTech, and Ecole des Mines ParisTech.
In 2007, in partnership with two leading French schools, Polytechnique and HEC, Renault endowed a chair in “Multicultural Management and Corporate Performance”. The aim of this program, which is financed by Renault, is to train future managers of international companies to use managerial practices geared to economic realities and to all types of cultural diversity: national, professional and organizational.
The work of the Renault Foundation is continued by the most prestigious universities in the countries where Renault is present:
- 13 in Japan, including Tokyo, Kyoto, Osaka and Tohoku;
- in Brazil, the Escola Politechnica of Sao Paulo University,
- in Korea, the universities of Kaist (Korean Advanced Institute of Science and Technology), Postech (Pohang University of Science and Technology) and SNU (Seoul National University),
- in India, the IITM (Indian Institute of Technology of Madras) in Chennai,
- in Iran, the University of Tehran,
- in Morocco, the engineering school Ecole Mohammadia d’Ingénieurs,
- in Russia, the Bauman Moscow State Technical University,
- in Romania, the Polytechnic University of Bucarest.