Awarded annually, on the recommendation of the Director of the Sprott School of Business, to a deserving student proceeding from one year to another in the Sprott School of Business studying small business and entrepreneurship. Eligible students must demonstrate financial need, must be Canadian citizens or permanent residents of Canada (landed immigrant or a protected person), and must meet the OSAP Ontario residency requirements. Endowed in 2005 in honour of Anil Mital by his parents Kailash (Kelly) and Nandi Mital, in memory of Mr. and Mrs. F. C. Mital of Chandigarh, Punjab, India.