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NUS Enterprise commits $15M to help researchers become entrepreneurs

The entrepreneurship arm of the National University of Singapore (NUS) has committed SGD $20 million ($15M US) to help researchers turn their innovations into successful products and companies.

NUS Enterprise will put half of the funds into the new Innovation Fellowship and Venture Creation Awards, which recognize and incentivize researchers who have applied an entrepreneurial mindset to their work. The other half will go towards a seed fund for teams participating in the NUS Graduate Research Innovation Programme (GRIP).

Both initiatives aim to boost the commercialization of cutting-edge technologies developed by NUS faculty members and researchers.

“Through these efforts, we shape the future and contribute to Singapore’s strong position as a leading Global-Asia node for technology, innovation, and enterprise,” says Chen Tsuhan, deputy president (Innovation and Enterprise) at NUS.

“We are uniquely placed to have access to the latest frontier research and breakthroughs at one of the top universities in the region, while providing access to a global start-up ecosystem,” says Benjamin Tee, associate vice president of NUS Enterprise. “These initiatives will provide academics, researchers as well as NUS alumni the access to a supportive ecosystem for the greatest chance at success.”

Source: E27

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