Barbara Pruitt, Kauffman Foundation
Esther Ang, Nanyang Technological University
+65 6790 6804
Top U.S. science, technology students to study entrepreneurship at Singapore's Nanyang Technological University
(KANSAS CITY, Mo.) April 20, 2009 – Five of America's best and brightest students in science, technology and engineering will participate in a five-month program in Singapore to learn about the Asian market and create successful global businesses based on their innovative ideas.
The Kauffman-Singapore Scholars Program, created through a grant from the Ewing Marion Kauffman Foundation, will begin in May and offer a unique opportunity to study commercialization and entrepreneurship at the Nanyang Technopreneurship Center, Nanyang Technological University (NTU) in Singapore.
"Through the Kauffman-Singapore Scholars Program, leading U.S. students in engineering, science and technology will obtain knowledge and skills that allow them to bridge the gap from laboratory innovation to global marketplace success," said Carl Schramm, president and CEO of the Kauffman Foundation. "We are committed to providing innovators with the opportunities to commercialize their ideas and develop startup companies that have global growth potential."
Of 160 applicants from across the nation, three students are from the Midwest and four studied at Kauffman Campuses, which provide business and entrepreneurship courses within science, engineering, liberal arts and other university curricula.
The five Kauffman-Singapore Scholars are:
The candidates must have earned within the past three years or are currently pursuing a baccalaureate or master's degree in an engineering, technology or science-related field. Applicants' academic interests and research experience needed to converge with business study. Most importantly, the scholars were required to have experience in bringing new innovations to the market that have resulted in starting or growing a business.
"At NTU, Kauffman-Singapore Scholars will take their innovative ideas from the laboratory through the commercialization process to start businesses with high-growth potential and appeal within the rapidly expanding Asian marketplace," said Professor Tan Teng Kee, director of Nanyang Technopreneurship Center, NTU.
"We are really pleased to receive the Kauffman Foundation Scholars participating in our Entrepreneurship Programmes in Nanyang Technopreneurship Centre," said Dr. Su Guaning, NTU president. "We in turn plan to send our scholars to Kauffman in the United States. Through such interaction, both our students and the U.S. students will appreciate the complexity and challenges of global markets in Asia and North America. This is but the first of our programmes with Kauffman. We shall be releasing more information on future collaborations in due course, as the first Kauffman campus programme in Asia."
Following completion of NTU's academic program, the scholars will return to the Kauffman Foundation to continue their entrepreneurship education and share information with Foundation staff.
NTU is the first Kauffman campus collaboration outside of the United States and is the premier science, technology and entrepreneurship university in Asia. NTU and its teaching and research staff rank among the world's best science and engineering schools. Like the Kauffman Foundation, NTU's philosophy is to nurture creative and entrepreneurial leaders through a broad education in diverse disciplines.
About Nanyang Technological University
Nanyang Technological University (NTU) is a research-intensive university ranked among the world's top 100 universities. NTU has four colleges comprising 12 schools in the field of Engineering, Science, Business and Humanities. As Singapore's main science and technology university, NTU makes significant contributions to the nation's renewed drive for research and innovation. Impressed by the vibrant entrepreneurship environment at NTU, the Ewing Marion Kauffman Foundation has chosen NTU to be the first Kauffman campus collaboration outside the United States. NTU has a strong and broad international reach covering academic and research partnerships with top institutions in the U.S., Europe and Asia. For more information, visit www.ntu.edu.sg