Jakarta, 29 July 2013 – Tanoto Foundation International and the Wharton School of the University of Pennsylvania announced today the launch of the Tanoto Initiative, a multi-component program to promote studies and research on ASEAN, with a focus on Indonesia. Starting next month, selected Indonesian universities will collaborate closely with faculties in the Wharton School to offer research grants, academic courses, exchange programs and scholarships aimed at deepening thought leadership and business education in the ASEAN region.

The Initiative was made possible through a donation by the Tanoto Foundation International, a non-profit organization founded by the family of international business entrepreneur, Mr. Sukanto Tanoto.

Speaking at one of the programs under the Wharton Faculty International Seminar held in Jakarta earlier today, Mr. Anderson Tanoto, a member of the Tanoto Foundation International’s Board of Trustees, said, “The Tanoto Initiative is another step forward for Tanoto Foundation towards fulfilling the vision of my father, Mr. Sukanto Tanoto. As a self-taught businessman, he is passionate about providing access to world-class education for those who cannot afford it. Indonesia’s dynamic business environment will provide fertile ground to develop quality business education and academic inquiry.”

To date, the Tanoto Initiative has confirmed its partnership with Universitas Indonesia and Universitas Gadjah Mada, and will continue to work with other universities in the country to extend its program reach.

Professor Harbir Singh, the Wharton School’s Vice Dean for Global Initiatives, Mack Professor of Management and Co-Director of the Mack Institute for Innovation Management, said, “Taking into account Indonesia’s role as the largest economic power in Southeast Asia and its position as an emerging world market, the Wharton School sees the establishment of strong ties and an unprecedented relationship with ASEAN member states, especially Indonesia, as vital to Wharton’s continued success as a leader in global business education and research.”

Professor Rhenald Kasali of Universitas Indonesia welcomes the opportunity given for Indonesian lecturers to collaborate with Wharton faculty. “Support made available by the Tanoto Initiative at the Wharton School will go a long way in helping Indonesian business schools expand their international network and collaboration.”

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Sukanto Tanoto Website

Sukanto Tanoto is a visionary entrepreneur and philanthropist. He is the Founder and Chairman of Royal Golden Eagle (RGE), which manages a global group of companies in resources manufacturing. Tanoto is also the co-founder of Tanoto Foundation, a philanthropy that aims to improve lives by alleviating poverty.