[nickff]

Fellowship also has a specific meaning in Middle Earth, but that doesn't mean that it must match coincide with every other application of the word.

Words can have multiple meanings; sometimes troublesome ones (i.e. 'tabling' an item on the agenda).

[throwawaygh]

Scientists, not hobbits, are the target of this fellowship. Most scientists spend at least half a decade of their early career in academia and will therefore use "Fellowship" the way it's used in academia.

[tyingq]

I don't think this offering intersects with Middle Earth.

[nickff]

One definition of "fellowship" is actually "a group of people meeting to pursue a shared interest or aim", which describes both the Sci-Founder Fellowship and the Fellowship of the Ring.