CLASS is poised yet again to help needy students studying at the universities and polytechnics with financial assistance this year.
Under its Bursary Scheme, CLASS plans to help 35 such tertiary students with monetary aid worth $2,000 each for university students and $1,000 for each polytechnic student.
This year’s bursary will total $50,000, compared to last year’s amount of $45,000 that had benefited 30 such students. The CLASS Bursary Scheme was launched in Year 2011 with $20,000. It has since provided assistance to more than 60 students.
The students were selected by their schools from the National University of Singapore, Nanyang Technological University, Singapore Management University, Singapore Institute of Management, the Singapore University of Technology and Design, and the five polytechnics from Nanyang, Ngee Ann, Republic, Singapore and Temasek.
This year’s bursary will be the fourth successive annual award given by CLASS, which is a not-for-profit copyright management and collecting organization established by academic book publishers and authors to protect their intellectual property rights through licensing and the distribution of royalties.
CLASS’ Chief Executive Mr Paul Wee says: “The bursary is part of our organization’s initiative to contribute to local education in addition to granting easy access to books and other publications belonging to our publisher and author members and affiliated members worldwide.”
He adds : “The bursary illustrates how CLASS as a not-for-profit copyright licensing organization, does not only collect royalties from users but also gives back as appropriately to those in need.”
The bursary fund comes from copyright licence fees that have been donated by members and other rights-owners.
As a copyright administration organization of academic works, CLASS licenses and collects royalties from educational institutes in Singapore, including universities, polytechnics, all MOE schools, colleges and other educational institutions. In addition, it also represents rights-owners from its foreign sister organizations.