The Program aims at promoting Greek language and culture abroad, thereby creating and encouraging ties of friendship and cooperation between members of the academic community. The selection is based on the recommendations made by special committees consisting of professors, scientists and former scholars, and is validated by the Foundation's Board of Directors.

Since 1995, the Fellowship Program for International Scholars went through successive phases in order to meet the standards of a dynamic and interdisciplinary project. During the 23 years of the Program's operation (1995 – 2018), 893 research grants and educational scholarships have been awarded to researchers from 65 countries in total: Albania, Argentina, Armenia, Australia, Austria, Belgium, Bosnia-Herzegovina, Brazil, Bulgaria, Cameroon, Canada, Chile, China, Congo, Croatia, Cuba, Cyprus, Czech Republic, Egypt, Estonia, Finland, France, Georgia, Germany,  Ghana, Greece, Hungary, Iceland, India, Iran, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Latvia,  Lithuania, Mexico, Moldavia, Mongolia, Montenegro, Morocco, Pakistan, Peru, Poland, Portugal, Romania, Russia, S. Korea, Serbia, Slovakia, Slovenia, S. Africa, Spain, Sri Lanka, Sweden, The Netherlands, Tunisia, Turkey, Ukraine, United Kingdom, Uruguay, U.S.A., Uzbekistan, Venezuela. The total expense amounts to $ 11.391.712.