SMU unveiled two new bond-free study awards yesterday to promote real-world learning opportunities for its undergraduate and postgraduate students, and to improve their entrepreneurial knowledge, skills and exposure to global trends. The Tolaram Global Innovation Immersion (TGII) and Tolaram Entrepreneurship Venture (TEV) Awards are supported by the Tolaram Innovation and Entrepreneurship Fund. The fund was set up by local conglomerate Tolaram and SMU in 2021, with a $600,000 contribution from Tolaram. SMU’s Senior Vice President of Administration Mr Hugh Edmiston said at an appreciation event on Monday that Tolaram's support "is a much-valued investment into the ideas and dreams of our future generations". The TGII Award is given to full-time undergraduates in any discipline and year of study to pursue an internship at overseas companies curated by the SMU Institute of Innovation and Entrepreneurship. Twelve students were selected for this award for the 2021/22 academic year. The TEV Award is given to full-time undergraduates in any discipline and year of study at SMU, as well as postgraduate students with their own business ventures. Twenty students were selected for the award for the 2021/22 academic year.