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 School of Medication (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.

Broadly named the GGV Capital Award, this reward will present further assist every year to as much as 150 college students from Years 1 to five who should not presently lined by scholarships or full scholarships. The scholarships, together with the Division of Schooling and LKCM Medical Scholarships, will assist as much as 90 % of scholars’ tuition charges.

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

The reward 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 Associate of GGV Capital. Witnessed the signing ceremony Professor Joseph Music, 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 mentioned, “NTU may be very grateful for this useful reward from GGV Capital. The corporate’s beneficiant donation to assist much less privileged medical college students displays its deep dedication and dedication to larger training at NTU. This reward 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 acquired sturdy native assist 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 individuals 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 mentioned: “Docs and well being staff 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 latest COVID-19 reduction 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 revolutionary financial system, we sit 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 presents since its inception in 2000 in Singapore and Silicon Valley. It is usually the primary time a enterprise capital agency has made a big reward to LKCMedicine.

Mr. Lim Chuan Poh He mentioned, “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 almost 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 Music He mentioned: “Since our inception, LKCMedicine has benefited from the assist of many beneficiant donors. GGV Capital’s reward is bound to go a great 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 also be house to world-renowned impartial institutes – Nationwide Institute of Schooling, S Rajaratnam Faculty of Worldwide Research, Earth Observatory Singapore, Singapore Heart for Environmental Life Sciences Engineering – and several other main analysis facilities reminiscent of Nanyang Setting & Water Analysis Institute (NEWRI) and Analysis Institute Vitality @ NTU (ERI @ N).

Beneath the imaginative and prescient of NTU Sensible Campus, the college harnesses the ability of digital know-how and technology-enabled options to assist the very best studying and residing experiences, the invention of latest data, and the sustainability of sources.

The college’s important campus, ranked among the many finest on the earth, has been repeatedly ranked among the many most stunning universities on the earth. Recognized for its sustainability, greater than 95% of its development tasks are Inexperienced Mark Platinum licensed. Aside from the primary 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’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 Know-how, and Sensible Know-how. Over the previous twenty years, we’ve supported greater than 500 corporations worldwide, together with Affirm, Airbnb, Alibaba, Huge Commerce, Boss Zhipin, Seize, HashiCorp, Howdy, JD MRO, Preserve, 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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