Boost for aspiring doctors, entrepreneurs

06 April 2017 | Education , Entrepreneurship
Printer Friendly and PDF
Mr Nirmal Singh, Chairman, Lotus Life Foundation (left) and Prof Tan during the cheque presentation

Lotus Life Foundation is supporting the next generation of doctors and entrepreneurs at NUS through gifts of more than $1.2 million to NUS Yong Loo Lin School of Medicine (NUS Medicine) and NUS Enterprise.

The Lotus-NUS Medical Bursary consists of four bursaries per year, each valued at $33,600. To be awarded for a period of five years beginning in Academic Year 2017/18, the Bursary will allow financially strapped NUS Medicine students to fulfil their potential, helping them to become self-reliant positive contributors to society.

Their generosity will enable the University to provide opportunities for outstanding young people to excel and to nurture entrepreneurial leaders with a strong sense of social responsibility.

At NUS Enterprise, the Foundation has established the Lotus-NUS Fund, which will provide seed funding for start-ups that are founded by Singaporean entrepreneurs and which involve social enterprise projects. From 2017 to 2021, up to five entrepreneurs or companies will be awarded $25,000 each annually to help them grow to a point where they can draw venture capital funding.

NUS President Professor Tan Chorh Chuan said, “We are honoured that the Lotus Life Foundation has chosen NUS as a recipient of their philanthropic support. Their generosity will enable the University to provide opportunities for outstanding young people to excel and to nurture entrepreneurial leaders with a strong sense of social responsibility. We hope this gift will inspire others to similarly support the University in developing our students’ potential and fostering new ideas that will make a positive impact on society.”