Singapore, 12 September 2023 – The Nanyang Technological University, Singapore (NTU Singapore), the National University of Singapore (NUS), and Temasek have today signed a Memorandum of Understanding (MOU) to embark on a joint S$75 million pilot programme that aims to accelerate the creation of successful deep tech start-ups from the pipeline of research at NTU and NUS.
In addition, NTU Singapore and NUS will develop a common Intellectual Property (IP) licensing framework, which will expedite the licensing and translation of university technologies for spin-off companies. The outcome will be a shorter process of one month, instead of the usual period which can take up to five months.
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