Möbius Fund Launch

On 21 August, ITI launched the Möbius Fund, a revolving loan fund for ITI students - the first revolving loan fund of its kind for actor students. The launch took place at Suntec Singapore, a media partner of ITI.

The Möbius Fund received its kickstart with four lead donors, ITI alumni and others who wish to remain anonymous. Together, they have contributed a total of S$250,000. When matched by the Ministry of Culture, Community and Youth’s (MCCY) Cultural Matching Fund (CMF), it will bring the Möbius Fund to an initial capitalisation of $500,000. 

The four lead donors are:

• Mr Leonardo Drago (Co-founder and Chief Investment Officer, AL Wealth Partners);
• Mr Pierre Lorinet (Non-Executive Director, Trafigura Group Pte Ltd, Puma Energy Holdings Pte Ltd and COFCO International Ltd; Board member, National Arts Council, Trafigura Foundation and Oyun Foundation);
• Mr Benson Puah; and 
• BinjaiTree (a charity that serves the community through direct grant-giving or through other means of support).

On graduation, beneficiaries begin paying back, ensuring that the fund capital is replenished. Repayments are in turn used to enable other students to gain access to training.

In this photo (from L to R): Goh Su Lin (ITI General Manager); lead donors Benson Puah, Pierre Lorinet and Leonardo Drago; T. Sasitharan (ITI Director); Chew Kheng Chuan (ITI Board Member); Arun Madhok (CEO, Suntec Singapore).

Donate to the Möbius Fund here.

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