NTU’s Lee Kong Chian Medical College in Singapore receives a gift of S$5 million from GGV Capital to support students in need

September 23, 2022 – Medical college students from financially deprived households who’re coaching to be the longer term medical doctors of Nanyang Technological College, Singapore (NTU Singapore) Li Kung Qian Faculty of Drugs (LKCMedicine) He’ll obtain further monetary help after a present of 5 million Singapore {dollars} from a world enterprise capital firm GGV Capital.

Together with matching by the Authorities of Singapore, the awarded fund will set up a long-term program to bear a portion of tuition charges and associated private bills for needy college students at LKCMedicine. The fund will go towards creating scholarship awards and supplemental awards.

Extensively named the GGV Capital Award, this reward will present further assist annually to as much as 150 college students from Years 1 to five who usually are not at present coated by scholarships or full scholarships. The scholarships, together with the Division of Schooling and LKCM Medical Scholarships, will assist as much as 90 p.c of scholars’ tuition charges.

Annual supplemental awards will assist as much as 120 college students with their private bills, comparable to the acquisition of reference supplies, educating aids, and scrubs, that they incur of their scientific years (years 3 by 5).

The reward of S$5 million to LKCMedicine was formalized at at present’s signing ceremony between Ms. Lien Siaou-Sze, Vice President of NTU (College Progress) And the Mr. Jixun Foo, International Managing Accomplice of GGV Capital. Witnessed the signing ceremony Professor Joseph Track, Dean of LKCMedicine and Senior Vice President of NTU (Well being and Life Sciences), And the Mr. Joel Kellman, Co-Founding father of GGV Capital.

Mr. Teo Ming Qian, President of Vertex Holdings, visitor of honor on the occasion, and Mr. Lim Chuan Poh, Chairman of NTU’s LKCMedicine, They had been displays to signal.

Ms. Lien Siaou-Sze He stated, “NTU could be very grateful for this helpful reward from GGV Capital. The corporate’s beneficiant donation to assist much less privileged medical college students displays its deep dedication and dedication to greater training at NTU. This reward will assist encourage future generations of clinicians to pursue tutorial excellence, serve humanity with integrity, humility and compassion, and contribute considerably to the development of healthcare in Singapore and past.”

GGV Capital has obtained robust native assist since its inception and has invested in additional than 500 corporations throughout the USA, Southeast Asia, China, India, Europe, Latin America and Israel, with over 85 of them valued at greater than $1 billion. To indicate its appreciation to the folks of Singapore, the worldwide enterprise capital agency is making their advance cost with this reward to profit financially deprived medical college students at NTU.

Mr. Jackson FuA worldwide investor from Singapore stated: “Docs and well being employees are important to the well-being of the neighborhood. With GGV’s roots in Singapore and continued assist from the federal government, we’re lucky and honored to empower the nation’s future medical doctors by this programme. Together with the expansion of GGV, our charitable giving has additionally expanded over the previous few years. previous, together with current COVID-19 aid efforts in China, India and Indonesia, and donations to teams preventing anti-Asia hate within the US As we proceed to profit from the nation’s dedication to an modern economic system, we stay up for constructing a brighter future with companions like LKCMedicine and its college students” .

This reward from GGV Capital represents one of many largest charitable items since its inception in 2000 in Singapore and Silicon Valley. Additionally it is the primary time a enterprise capital agency has made a big reward to LKCMedicine.

Mr. Lim Chuan Poh He stated, “We’re delighted that GGV Capital, by providing this reward, will make medical training at LKCMedicine inexpensive for these college students from financially deprived households. Low-income households face challenges with rising inflationary pressures and this reward comes on the proper time to assist practically 20 in Per cent of our medical college students bear a portion of their tuition charges in addition to out-of-pocket bills.”

Professor Joseph Track He stated: “Since our inception, LKCMedicine has benefited from the assist of many beneficiant donors. GGV Capital’s reward is certain to go a good distance in direction of supporting college students in want and is a significant step in our continued push for our college students to pursue high quality medical training and coaching regardless of their backgrounds and circumstances.”

About Nanyang Technological College, Singapore

Nanyang Technological College Singapore (NTU Singapore), a research-intensive public college, has 33,000 undergraduate and graduate college students in engineering, enterprise, sciences, medication, humanities, arts, social sciences, and graduate colleges.

NTU can be residence to world-renowned impartial institutes – Nationwide Institute of Schooling, S Rajaratnam Faculty of Worldwide Research, Earth Observatory Singapore, Singapore Middle for Environmental Life Sciences Engineering – and a number of other main analysis facilities comparable to Nanyang Atmosphere & Water Analysis Institute (NEWRI) and Analysis Institute Power @ NTU (ERI @ N).

Below the imaginative and prescient of NTU Good Campus, the college harnesses the ability of digital know-how and technology-enabled options to assist the very best studying and dwelling experiences, the invention of latest information, and the sustainability of assets.

The college’s major campus, ranked among the many finest on the planet, has been repeatedly ranked among the many most lovely universities on the planet. Identified for its sustainability, greater than 95% of its building initiatives are Inexperienced Mark Platinum licensed. Other than the principle campus, NTU additionally has a medical campus in Novena, Singapore’s healthcare district.

For extra data, go to www.ntu.edu.sg

About GGV Capital

GGV Capital is a world enterprise firm that invests in native founders. With $9.2 billion underneath our administration, we have now investments in the USA, Canada, China, Southeast Asia, India, Latin America and Israel. As a multi-stage firm targeted on the sector, GGV Capital invests in stage corporations from inception to development throughout three sectors: Social/Web, Enterprise Know-how, and Good Know-how. Over the previous twenty years, we have now supported greater than 500 corporations worldwide, together with Affirm, Airbnb, Alibaba, Large Commerce, Boss Zhipin, Seize, HashiCorp, Hey, JD MRO, Hold, Kujiale, Manbang, NIU, Opendoor Applied sciences, Poshmark Qunar/Ctrip, Slack, Sq., StockX, Udaan, Xpeng, Zendesk, and extra.

For extra data, go to www.ggvc.com


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