NTU Receives S$16.4 million for its NTU-Wallenberg Fellowship
3 July 2018
The Knut and Alice Wallenberg Foundation, the largest private financier of research in Sweden, is making a 50 million Swedish kronor (S$7.6 million) endowed gift to Nanyang Technological University, Singapore (NTU Singapore) to establish a prestigious postdoctoral fellowship.
The donation is the largest single gift in perpetuity by a foreign entity to NTU Singapore. With matching by the Singapore government, the total endowment raised for the programme is S$11.4 million (U$8.3 million).
An additional S$5 million has been set aside by the Wallenberg Foundation, through its Artificial Intelligence (AI), Autonomous Systems and Software Programme, in support of the Postdoctoral Fellows, thus bringing the total donation to S$16.4 million (US$12 million).
The record-breaking gift will go towards supporting the Wallenberg-NTU Presidential Postdoctoral Fellowship, which will enable some of the world’s most promising postdoctoral candidates to carry out their research at NTU, ranked the world’s best young university in the last five years and one of the world's top universities by QS. They will spend one year in Sweden affiliated with the Wallenberg Artificial Intelligence (AI), Autonomous Systems and Software Programme, Sweden’s largest research programme.
NTU President, Professor Subra Suresh believes the new Wallenberg-NTU Fellowships will play a key role in driving discovery, expanding knowledge, and advancing innovation beyond Singapore's borders.
"The Wallenberg name is synonymous with research excellence and innovation, and these new fellowships will carry on that legacy. They will attract to NTU highly trained and experienced researchers who will promote and encourage vital partnerships between academia and industry with potential benefits for Singapore and the rest of the world. The university and the community will benefit in perpetuity from the Wallenbergs' immense generosity."
Mr Marcus Wallenberg, vice chairman of the Knut and Alice Wallenberg Foundation, said, "The Wallenberg-NTU Presidential Postdoctoral Fellowships will provide valuable opportunities for early-career researchers to develop their specialised expertise and widen their global networks that will translate their ideas into real-world influence and impact in Singapore, Sweden and beyond."
For the Wallenberg-NTU Presidential Postdoctoral Fellowship, early career scientists, engineers and scholars from Singapore and around the world will focus on independent investigations in the emerging areas of AI, Autonomous Systems, and/or Software. The awardees will be involved in undergraduate teaching at NTU during the course of their appointment, and will carry the title of Wallenberg-NTU Presidential Postdoctoral Fellow in AI, Autonomous Systems, or Software, depending on their specialisation. Up to five new Wallenberg-NTU Presidential Postdoctoral Fellowship awards will be made each year over five years.