German Academic Exchange Service

The German Academic Exchange Service (, or DAAD) is an organisation in Germany. It is the largest German support organisation in the field of international academic co-operation. It was founded on 1 January 1925. It closed in 1945, but was refounded in 1950.
The DAAD headquarters are in Bonn. There are 15 international regional branch offices. They provide information and advice on study and research opportunities and available grants. The German Academic Exchange Service is mainly funded by the Foreign Office of Germany and the European Union. In 2012, the DAAD received 407.4 million Euro.