- NUS invests S$20 million to support deeptech research commercialization and entrepreneurship.
- Half of the funds will assist researchers in transforming projects into marketable products.
- The investment aligns with Temasek’s commitment to allocating US$740 million annually.
Scaling advanced research into practical applications
The National University of Singapore (NUS) has announced a S$20 million (US$14.9 million) investment to support the development and commercialization of deeptech research.
This strategic move aims to scale advanced research into practical applications, focusing on technologies that address global issues such as climate change and food security.
Half of the funds will be allocated to assisting NUS faculty members and researchers in transforming their deep-tech projects into marketable products.
Reinforcing entrepreneurship through NUS Grip
The remaining half of the investment will be used to strengthen the university’s Graduate Research Innovation Programme (NUS Grip), an existing program designed to guide and support aspiring entrepreneurs in launching businesses based on deep-tech innovations.
This investment complements NUS’ previous partnership with Nanyang Technological University (NTU) and Temasek for a US$55 million pilot program for deep tech startups stemming from the two universities’ research.
The NUS investment aligns with Temasek’s commitment to allocating US$740 million annually for deep-tech investments, focusing on areas such as advanced manufacturing, disruptive materials, net-zero tech, life sciences, and food-tech.
By investing in deep-tech commercialization and entrepreneurship, NUS aims to foster a thriving ecosystem that translates cutting-edge research into real-world solutions, contributing to the growth of Singapore’s innovation-driven economy.
To read the original article: https://www.techinasia.com/nus-invest-15m-support-deeptech-startups
