The scholarship was established thanks to a successful fundraising campaign launched in 2020 in memory of Michele Pedercini MBA’92J, who passed away prematurely that year at the age of 56. Michele was deeply respected by all who knew him, and his legacy brought together a remarkable community of INSEAD alumni, in particular his MBA'92J classmates, friends and former colleagues, who wanted to honour him in a meaningful way. Over €300,000 was raised in support of Italian MBA students with the potential to become future business leaders in the global economy.