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.
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.”