Studying these cells could lead to new treatments for diseases ranging from gastrointestinal disease to diabetes.
The MIT Club de Mexico has pledged $2 million towards the creation of a scholarship fund, the club announced Friday in a special ceremony in Boston.
President Vest and Pedro Aspe Armella, '78, a member of the MIT Corporation and the Finance Secretary signed a letter of intent Friday afternoon.
President Carlos Salinas of Mexico signed as honorary witness at the Sheraton Boston Hotel ceremony before an applauding crowd of about 500 members of the Hispanic community in Boston and many of the 50 Mexican students enrolled at MIT during the past year.
President Vest commented, "This is truly a memorable moment in the history of MIT." In 1890, the first student from Mexico came to MIT; now there are about 300 alumni living in Mexico.
"This gift represents an important message of hope and world peace between our two nations," Dr. Vest said.
A version of this article appeared in the June 2, 1993 issue of MIT Tech Talk (Volume 37, Number 35).