nVIDIA is currently accepting applications for its Graduate Fellowship Program for the academic year 2011-2012. The closing date of February 3, 2011 may seem a long way off, but competition for around nine awards will be fierce. 

This is the tenth year in which nVIDIA has invited PhD students who are researching topics that will lead to major advances in the graphics and high-performance computing industries to join its Graduate Fellowship program. This year specific reference is made to:
investigating innovative ways of leveraging the power of the GPU.

The benefits of the award are funding (typically $25,000) plus access to nVIDIA products, technology and other researchers in the field.

Students who have majored in Computer Science, Computer Engineering, System Architecture, Electrical Engineering, or a related area and who have already completed their first year of PhD level studies are eligible for the program and recipients of the award are selected based on their academic achievements, professor nomination, and area of research.

While almost all of the previous fellows have been in US universities, the program is open to international PhD students working in relevant research teams.

More information from:

http://research.nvidia.com/relevant/graduate-fellowship-program