N.C. State University has won a grant worth nearly $1 million to increase diversity in science and engineering disciplines.

The two-year, $987,000 National Science Foundation grant will be used to encourage students from underrepresented minority populations to consider graduate training in science, engineering, technology and mathematics. 

The targeted populations are African-Americans, Native-Americans and Latinos.

The money will fund 12 fellowships for two years each. Each student will receive a $30,000 stipend as well as tuiton and fees, travel money and health insurance.

Here's NCSU's press release on the new initiative.