An AI-based system that accurately administers epidural; a soil supplement that helps plants survive in drought conditions; a novel way of storing natural gas safely and longer; a software that reads and analyses text better than a human; a highly versatile autonomous underwater vehicle for maritime applications; and a software that promises high-quality video streaming – these are some novel inventions by researchers from the National University of Singapore (NUS) that will receive an initial S$50,000 boost to their start-up journey. 

The University will be investing up to S$1.5 million in 15 deep-tech teams that have completed the NUS Graduate Research Innovation Programme (GRIP). The programme, managed by the NUS Industry Liaison Office, seeks to tap into the University’s talented graduate students, post-doctoral fellows and research staff to establish and run high potential start-ups based on deep technologies from NUS. 

In September last year, NUS announced that the university has committed S$25 million to co-create up to 250 deep-tech start-ups over a five-year period through NUS GRIP. 

The first run of NUS GRIP has recently been completed and a total of 15 deep-tech teams were recommended to receive the first tranche of seed funding when they form their companies. These teams offer a broad range of solutions in three key tracks – engineering, biomedical, as well as ICT and lifestyle. Each start-up will receive up to S$100,000 in funding from NUS. The first tranche of funding of S$50,000 will be awarded over the next two months, and the second tranche of S$50,000 will be invested when these start-ups secure external investment or grants of at least S$50,000.

Professor Freddy Boey, NUS Senior Vice President (Graduate Education & Research Translation), said, “NUS GRIP aims to leverage the deep technological capabilities within NUS, and turn innovations into viable and scalable commercial solutions quickly and effectively. The 15 start-ups selected for this inaugural funding have all shown strong market and business potential. We are pleased to give them a big push in their start-up journey and, in turn, accelerate the transfer of these innovations to the market, both locally and globally. There will be more rounds of funding to come, as we aim to invest up to 50 GRIP start-ups each year, over the next 5 years. In the long run, we hope that many of these NUS GRIP start-ups could become successful deep-tech companies and create innovation-based jobs in Singapore, as well as produce a sizable number of entrepreneurs for the Singapore economy.”    

Photo: BeeX, a highly versatile autonomous underwater and surface vehicle for maritime applications, is among the 15 deep-tech teams that will receive funding from NUS to form start-ups. (credit: National University of Singapore)

Translating deep-tech capabilities into commercial solutions

NUS GRIP launched its first call for proposal in August 2018. More than 90 applications were received and 20 start-ups were selected to participate in the Venture Hothouse, an intensive three-month business validation and venture creation programme. Under the programme, participants worked alongside seasoned tech company veterans to develop an operational business model, IP strategy and development plan, and go-to-market strategies. Master Engineers also worked hand-in-glove with the teams to develop working prototypes. 

This early funding seeks to enable these deep-tech start-ups to continue to fine-tune their prototypes further, while they seek further external investments before the second tranche of funding of S$50,000 by NUS. The University will continue to provide project management advice, access to prototyping services and lab facilities, and support these start-ups in raising additional funding. 

Source: National University of Singapore


No comments to display.

Related posts

Call for Applications: Go Ignite Global Call

Start-ups working on solutions in IoT, Big Data Analytics, Cyber Security, Artificial Intelligence, 5G and Customer Experience Enhancement are encouraged to apply.
Application Deadline in 11 days

EU's Call for Proposals: Digital technologies for improved performance in cognitive production plants

Proposals need to develop new technologies to realise cognitive production plants, with improved efficiency and sustainability, by use of smart and networked sensor technologies, intelligent handling and online evaluation of various forms of data streams as well as new methods for self-organizing processes and process chains.
Application Deadline in 4 days

Increased Consumption of Plant-Based Protein Diets to Mitigate the Incidence of Type 2 Diabetes

The < a href = "">wheat protein market</a> is estimated at USD 2.04 Billion in 2017 and is projected to reach USD 2.58 Billion by 2022, at a CAGR of 4.8% from 2017. The wheat protein market has been largely driven by the growing demand for bakery products, the increasing popularity of plant-based foods, wheat protein being a suitable alternative for non-animal protein among vegans coupled with nutritional benefits for lactose-intolerant consumers.

Increase in Use of Crop Protection Products in Developing Countries Drives the Pesticide Inert Ingredients Market

The pesticide inert ingredients market is projected to reach USD 4.7 billion by 2023, from USD 3.5 billion in 2018, at a CAGR of 6.14% during the forecast period. The market is driven by factors such as the increasing demand for specific inert ingredients in pesticide formulation and capability of inert ingredients to improve the efficacy of pesticide application.

Pilot plant to turn sugarcane waste into biofuel and beer bottles

Their patented REACH technology, developed by US parent company Mercurius Biorefining, has the potential to convert sugarcane bagasse and other biomass into cost effective drop-in biofuels and bio-chemicals , as alternatives to fossil fuels.

Call for applications: The Entrepreneurship World Cup

The Entrepreneurship World Cup is more than just a global pitch competition with a shot at life-changing prizes. With 100,000 entrants from around the world, EWC elevates entrepreneurs – providing you with tools and resources to grow your venture. It doesn’t matter how far you’ve come – idea-stage, early-stage, growth-stage or beyond – EWC can put you on the right course. Leverage world-class content in the EWC Accelerator to: unleash your ideas, hone your pitching skills and engage with a global network of mentors. And, oh yeah, compete for those life-changing prizes, together with business opportunities and investment.
Application Deadline in 3 months

EU's Call for Proposals: EGNSS applications fostering digitisation

Actions should deliver new innovative applications, with commercial impact and a clear market uptake perspective (a Business Plan is required as part of the proposal). The proposed EGNSS applications may integrate digital technologies like Internet of Things (IoT), cloud computing, big data and robotics.
Application Deadline in 16 days

Growing Farm Labor Issues due to Higher Costs and Availability Drives the Smart Harvest Market Ma

The smart harvest market is projected to reach USD 15.6 billion by 2023, from USD 9.0 billion in 2018, at a CAGR of 11.81% during the forecast period. The market is driven by factors such as growing farm labor issues due to higher costs and availability, and cost efficiency benefits offered by smart harvest systems.

Call for applications: 2019 SEED Awards for Entrepreneurship in Sustainable Development

Are you part of a small and growing eco-inclusive enterprise that continues to deliver environmental, social and economic benefits to your target markets?
Application Deadline in 2 months

Review of Emerging Additive Manufacturing Technologies in 3D Printing of Cementitious Materials in the Construction Industry

Additive manufacturing is a fabrication technology that is rapidly revolutionizing the manufacturing and construction sectors. In this paper, a review of various prototyping technologies for printing cementitious materials and selected 3D printing techniques are presented in detail.