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 docs 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 worldwide 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 present will present further help every year to as much as 150 college students from Years 1 to five who are usually not at present coated by scholarships or full scholarships. The scholarships, together with the Division of Schooling and LKCM Medical Scholarships, will help 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, similar to the acquisition of reference supplies, educating aids, and scrubs, that they incur of their medical years (years 3 via 5).

The present of S$5 million to LKCMedicine was formalized at as we speak’s signing ceremony between Ms. Lien Siaou-Sze, Vice President of NTU (College Progress) And the Mr. Jixun Foo, World 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 screens to signal.

Ms. Lien Siaou-Sze He stated, “NTU may be very grateful for this helpful present from GGV Capital. The corporate’s beneficiant donation to help much less privileged medical college students displays its deep dedication and dedication to larger training at NTU. This present will assist encourage future generations of clinicians to pursue educational 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 help since its inception and has invested in additional than 500 corporations throughout america, Southeast Asia, China, India, Europe, Latin America and Israel, with over 85 of them valued at greater than $1 billion. To point out its appreciation to the folks of Singapore, the worldwide enterprise capital agency is making their advance fee with this present to learn financially deprived medical college students at NTU.

Mr. Jackson FuA world investor from Singapore stated: “Medical doctors and well being staff are important to the well-being of the group. With GGV’s roots in Singapore and continued help from the federal government, we’re lucky and honored to empower the nation’s future docs via 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 learn from the nation’s dedication to an revolutionary economic system, we look ahead to constructing a brighter future with companions like LKCMedicine and its college students” .

This present from GGV Capital represents one of many largest charitable presents since its inception in 2000 in Singapore and Silicon Valley. It’s also the primary time a enterprise capital agency has made a big present to LKCMedicine.

Mr. Lim Chuan Poh He stated, “We’re delighted that GGV Capital, by providing this present, will make medical training at LKCMedicine reasonably priced for these college students from financially deprived households. Low-income households face challenges with rising inflationary pressures and this present 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 help of many beneficiant donors. GGV Capital’s present is certain to go a great distance in the 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 College of Worldwide Research, Earth Observatory Singapore, Singapore Heart for Environmental Life Sciences Engineering – and several other main analysis facilities similar to Nanyang Surroundings & 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 expertise and technology-enabled options to help the perfect studying and dwelling experiences, the invention of recent information, and the sustainability of assets.

The college’s most important campus, ranked among the many finest on this planet, has been repeatedly ranked among the many most stunning universities on this planet. Identified for its sustainability, greater than 95% of its development tasks are Inexperienced Mark Platinum licensed. Aside from 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 worldwide enterprise firm that invests in native founders. With $9.2 billion below our administration, we’ve investments in america, 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 progress throughout three sectors: Social/Web, Enterprise Expertise, and Good Expertise. Over the previous 20 years, we’ve supported greater than 500 corporations worldwide, together with Affirm, Airbnb, Alibaba, Huge Commerce, Boss Zhipin, Seize, HashiCorp, Hi there, 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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