Alumni Gift to SMU Fuels Next Generation of Entrepreneurs
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Singapore Management University (SMU) has received a S$5 million gift from alumni Jeff Tung and Benjamin Twoon to support student-founded ventures and enhance entrepreneurship programs. The donation will fuel the development of the next generation of entrepreneurs in Singapore.
Singapore Management University (SMU) has received a S$5 million gift from alumni Jeff Tung and Benjamin Twoon to accelerate the development of student-founded ventures. The donation will enhance the existing Passion, Adventure, Kickstart (PAK) Entrepreneurship Challenge and establish the Design Your Startup Work-Study Elective (WSE). The enhanced PAK Challenge will provide early-stage capital to student founders, while the WSE will allow students to earn credits for building a startup. This initiative aims to create an integrated venture-building pipeline at SMU, contributing to Singapore's growing startup ecosystem. The duo's total contributions to SMU now stand at S$7 million, demonstrating their commitment to building an entrepreneurship ecosystem within the university. The gift is expected to nurture a virtuous cycle where alumni success creates opportunities for students.
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