He was awarded the fellowship for his technology company OneBeep, which he founded while at university.
"In my third year ... we created a team to enter the Microsoft Imagine Cup which is the world's biggest technology competition.
"OneBeep emerged from this competition, but it was born out of a need to help fight the problem of illiteracy."
Mr Jeet, who went to live in Mumbai, India, this year, said his company works with One Laptop Per Child, which supplies low-cost laptops to the world's poorest children in an effort to mitigate the problem of illiteracy.
His company helps the One Laptop Per Child programme by enabling the organisation to communicate with those who receive its laptops.
"Around 1.2 to 1.3 million of these [laptops] are being deployed all over the world.The problem is these laptops go to areas with no internet."
OneBeep's solution is to use radio broadcasts to communicate information, which can be converted into digital files on the laptops. The technology converts any digital file, such as a book or a game, and broadcasts it using an AM/FM radio tower.
The broadcast can be picked up by a standard transistor radio.
"Anyone can then plug the radio into a computer ... and our software can convert it back into the original file," Mr Jeet said.
"A lot of the time, engineers see technology as the end itself. I want to use technology as a means to an end.
"Since I was able to do well in engineering, I just couldn't give up the opportunity to use that knowledge to solve a real world problem."