Local property tycoon Chua Thian Poh, who’s head kahuna of Ho Bee Group and also president of the Singapore Chinese Chamber of Commerce and Industry (SCCCI), gave S$5 million to the National Technological University (NTU) to set up an entrepreneurship fund.
The government matched Chua’s contribution dollar-for-dollar, giving NTU a $10 million war chest for funding interactions between technopreneurship and innovation students with overseas talent, such as overseas educational tours for local students or facilitate the visits of successful entrepreneurs to the university.
That’s also a lot of beer money.
For more, read the Straits Times article here.
