Raising $42 million in just two months might seem like an impossible task, but that did not stop students and teachers at the Hong Kong Institute of Education (HKIEd) from trying. The money was needed for the development of the institute's educational initiatives, such as scholarships for students from low-income families and various educational training projects. A fund-raising target of $45million in sixmonths was set by the University Grants Committee (UGC), the government advisory body for higher education funding and development in Hong Kong. The UGC's Second Matching Grant Scheme offers to match, dollar-for-dollar, all funds raised by universities. As one of the smallest institutions chasing the funding, HKIEd faced a challenge to win public support. The initiative, which began last July, was intended to raise the $45million by the end of January, but by November the total was woefully short - just $3 million. 'We realised we had to pull together and win support from the community,' said Ronald Tang Wai-yan, a teacher at HKIEd. 'There had been a lot of talk in the media about just how much Hong Kong needs well-trained teachers, and I think the public is beginning to understand this.' Staff and students pulled out all the stops, even hosting a folk concert on campus last month, which raised $100,000. Dr Tang, a former RTHK radio DJ and folk singer, recruited a band called the Tri's Hi's, who performed Peter, Paul, and Mary songs at the concert. In two short months the institute raised an additional $18million, bringing the six-month total to $21million, mostly through private funding from tycoons and companies. HKIEd president Professor Paul Morris said: 'The team spirit of the campus community has inspired and impressed a lot of people.'