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 long run docs 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 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.

Broadly named the GGV Capital Award, this reward will present further help annually to as much as 150 college students from Years 1 to five who aren’t at the moment lined by scholarships or full scholarships. The scholarships, together with the Division of Training and LKCM Medical Scholarships, will help as much as 90 % of scholars’ tuition charges.

Annual supplemental awards will assist as much as 120 college students with their private bills, resembling the acquisition of reference supplies, educating 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 immediately’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 screens to signal.

Ms. Lien Siaou-Sze He stated, “NTU may be very grateful for this beneficial reward from GGV Capital. The corporate’s beneficiant donation to help much less privileged medical college students displays its deep dedication and dedication to larger schooling 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 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 indicate its appreciation to the individuals of Singapore, the worldwide enterprise capital agency is making their advance fee with this reward to profit financially deprived medical college students at NTU.

Mr. Jackson FuA worldwide investor from Singapore stated: “Medical doctors and well being employees are important to the well-being of the neighborhood. 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 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 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 modern financial 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 schooling 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 help of many beneficiant donors. GGV Capital’s reward is certain to go a good distance in the direction of supporting college students in want and is a serious step in our continued push for our college students to pursue high quality medical schooling 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 faculties.

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

Underneath the imaginative and prescient of NTU Good Campus, the college harnesses the facility of digital expertise and technology-enabled options to help the very best studying and dwelling experiences, the invention of recent data, and the sustainability of assets.

The college’s principal campus, ranked among the many finest on the earth, has been repeatedly ranked among the many most lovely universities on the earth. Identified for its sustainability, greater than 95% of its building 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 info, 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 beneath our administration, we’ve got investments in america, Canada, China, Southeast Asia, India, Latin America and Israel. As a multi-stage and sector-focused firm, GGV Capital invests in seed stage corporations for development throughout three sectors: Social/Web, Enterprise Expertise, and Good Expertise. Over the previous twenty years, we’ve got supported greater than 500 corporations worldwide, together with Affirm, Airbnb, Alibaba, Large Commerce, Boss Zhipin, Seize, HashiCorp, Howdy, JD MRO, Maintain, Kujiale, Manbang, NIU, Opendoor Applied sciences, Poshmark Qunar/Ctrip, Slack, Sq., StockX, Udaan, Xpeng, Zendesk, and extra.

For extra info, go to www.ggvc.com

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