PETALING JAYA (May 25): NIPSEA Group, known throughout Asia as Nippon Paint, has established a fund at the Harvard University Graduate School of Design (GSD) to provide financial aid to GSD students from Asian countries.
Named the Gennosuke Obata Fellowship Fund, the fund aims to help attract, enrol, and support talented design scholars from the region as they strive to become leaders in transforming the social and built environment.
“We are humbled to be able to have the opportunity to partner with Harvard University Graduate School of Design to invest into the future generation of design students through the Gennosuke Obata Fellowship,” said NIPSEA Group CEO Wee Siew Kim in a statement today.
“Nothing can be more rewarding than to be a small part of creating an impact or making a change in the lives of Asian students and returning home bringing with them a better future for themselves and their country,” he added.
Nippon Paint’s gift of U$300,000 (RM1.2 million) to establish The Gennosuke Obata Fellowship Fund includes U$50,000 for immediate use to benefit students at the GSD. The remainder of the gift is invested in the Harvard University endowment, leveraging these dollars for future support.
NIPSEA Group director of corporate affairs Teri Choong said the company is truly inspired by the young talents whose design ideas and contributions will bring positive change to their own communities.
“We could not ask for more. We are privileged to have been part of their journey of change for a better future,” she said.
The fund represents Nippon Paint’s commitment to invest in young design leaders.