The Tan Kay Yong Gold Medal was introduced from 2012 to honour Mr Tan, who was Chairman of the Polytechnic's Board of Governors from 2000 to 2012.
As Chairman, he was instrumental in steering the polytechnic in providing a holistic education, fostering global mindsets, creating a student-centric campus and building technical capabilities. He is also well remembered for guiding the Polytechnic in the frontiers of design, to make design thinking a hallmark of SP graduates, and establishing the SP Design School.