The Deutscher Akademischer Austauschdienst (DAAD) is the world’s largest funding organization for the international exchange of students and researchers. Since its founding in 1925, more than 2.6 million scholars in Germany and abroad have received financial support from DAAD. Its activities go far beyond simply awarding grants and scholarships: DAAD supports the internationalization of German universities, promotes German Studies and the German language abroad, assists developing countries in establishing effective institutions of higher learning and advises decision makers in the area of cultural, educational and developmental policy.