A leading businessman has set up a half-million-dollar scholarship fund to benefit international students attending the University of South Australia.
It is the largest privately funded scholarship for international students ever afforded to the University of South Australia and will see more than 100 students benefit from $500,000 funding, to be allocated across a four year period to 2018.
The funding will assist future international students to study at UniSA and will be provided by the International Student Entrepreneurship Capital company, established by businessman Raymond Wang.
Funding amounts will be divided into 100 undergraduate scholarships, 10 Masters scholarships and five entrepreneurial prizes valued at $10,000 each, to be distributed by UniSA’s Foundation and Advancement Services.
The international Masters and international undergraduate scholarships are for students from Hong Kong, Singapore, Malaysia and China to study at UniSA, while the entrepreneurial prizes – to be made available to UniSA international students and alumni, will assist recipients to set up new, innovative businesses in South Australia that have links to the Chinese market.
Raymond Wang said the scholarships are aimed at encouraging international students to study in South Australia and remain in the state upon completion of their studies.
“Most Chinese families want a better life for their children. I am a migrant myself so understand the life of an international student moving to Adelaide and the challenges they face,” Wang says.
“The scholarship will support students so they can focus on their study and build a career or business here.”
UniSA Vice Chancellor Professor David Lloyd said that the scholarship funding will strengthen UniSA’s growing international profile.
“These scholarships will help to build the international environment of UniSA and that is an environment that will benefit our whole student population, as they progress into a world where global connections and partnerships are increasingly relevant.”