The gift of 50 million Swedish kronor (S$7.6 million) by the Knut and Alice Wallenberg Foundation will enable some lucky PhD candidates to carry out their research at NTU
To establish a postdoctoral fellowship, Nanyang Technological University (NTU), Singapore received a gift of 50 million Swedish kronor (S$7.6 million) by the Knut and Alice Wallenberg Foundation Sweden. With matching by the Singapore government, the total endowment raised for the programme is S$11.4 million (U$8.3 million).
Along with this, an additional amount of S$5 million has been set aside by the Wallenberg Foundation through its 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 NTU Presidential Postdoctoral Fellowship
The initiative of supporting the Wallenberg-NTU Presidential Postdoctoral Fellowship (PPF) will enable students to execute their research at NTU. The candidates will spend one-year conducting research on Wallenberg AI, Autonomous Systems and Software Programme. It is believed that this fellowship will play a major role in driving discovery, expanding knowledge and in advancing innovation.
The fellowship will attract trained and experienced researchers who will promote and encourage vital partnerships between academia and industry with potential benefits.
The NTU PPF will equip PhD graduates with the resources they need to transform their research into potentially life-changing discoveries and inventions that will transform the ideas into reality.
Each PPF fellow will receive an annual salary of S$80,000 over the two-year tenure, including up to S$100,000 in research funding a year. Interestingly, apart from annual salary the fellows will be awarded competitively each year on the basis of the quality of their research and inventions.
Fellows to work in emerging fields
Scholars from around the world will focus on rising areas of AI, Autonomous Systems, health care, new age materials and Software depending on their specialisation. The Wallenberg-NTU PPF will receive an additional support of worth S$200,000 each to pursue their research at Swedish universities or industry partners in their second year.
Hundreds of applicants are competing from around the world for just 12 seats and the successful candidates will be able to pursue research and demonstrate their solutions in front of the world to the emerging problems.