GEIS-新闻详情

NUS boosts deep tech innovation with $20m funding for start-ups and researchers

2024-03-18 00:00:00.0 海峡时报-新加坡原网页

SINGAPORE – From developing a robotic guide dog to making cell-based meat, start-ups and innovation efforts in the field of deep technology will get a boost from an additional $20 million by the National University of Singapore (NUS).

This is to encourage more researchers to transform their work and discoveries into tangible solutions, as well as to spur innovation, said NUS president Tan Eng Chye on March 18 at the university’s deep tech venture showcase.

Half of the additional funding will go towards enhancing NUS’ Graduate Research Innovation Programme (Grip).

Designed to help launch start-ups stemming from university research, Grip 2.0, an enhanced programme, will award postgraduate students, alumni and researchers up to $250,000, up from $100,000 in the original programme, along with access to industry partnerships.

“We aim to encourage our researchers to accelerate translational work to realise the real-world impact of their research faster,” said Professor Tan.

The other $10 million will be channelled into a new set of Innovation Fellowship and Venture Awards, which will be given to faculty and researchers to further develop their work, such as scaling up prototypes, said Prof Tan.

The funding ranges from $80,000 to $250,000, depending on the stage of development and the developer’s ability to find practical applications for his research that can be commercialised or widely adopted.

Get a round-up of the top stories to start your day

Thank you!

By signing up, I accept SPH Media's Terms & Conditions and Privacy Policy as amended from time to time.

Yes, I would also like to receive SPH Media Group's SPH Media Limited, its related corporations and affiliates as well as their agents and authorised service providers.

marketing and promotions.

Deputy Prime Minister Heng Swee Keat, speaking at the same event, said the commitment to deep tech and commercialisation is of high priority as part of Singapore’s Research, Innovation and Enterprise 2025 plan.

“Funding and talent put together can create a virtuous cycle that drives innovation output, deepens the ecosystem, and, in turn, draws more talent and funding in,” DPM Heng said, listing strong university ties with research talent and the patient wait for funding to support long development cycles as key elements for deep tech to thrive.

He added that since 2013, Singapore has seen 27 home-grown unicorns – or highly successful start-ups – including two deep tech ones. They are Nanofilm, which specialises in advanced materials and coating, and Biofourmis, a healthtech start-up that pairs wearable technology with its analytics software to personalise healthcare treatments.

However, Singapore remains constrained by its size and resources, and hence it is important to nurture a culture of innovation, prioritise collaborations across institutions, and be proactive in venture building.

DPM Heng said: “For a pervasive innovation culture to take root, the pathways between academia and industry must be open and inviting.”

He added that it is more than just urging professors to think about commercialisation because incentive structures, which may yield effective results, may be stressful and self-limiting.

“What we want is for our professors and researchers to develop an instinct for and feel empowered to turn their research outcomes into impactful solutions for society,” he said.

Inspiration came to RoamAssist CEO Cai Shaojun after he watched his aged grandfather struggle with navigating independently. ST PHOTO: MARK CHEONG

RoamAssist, a start-up that develops robotic guide dogs to help the visually impaired, received $100,000 as part of Grip in January 2023.

Inspiration came to its chief executive officer, Mr Cai Shaojun, after he watched his aged grandfather struggle with navigating independently.

“My grandfather can be pushed around in a wheelchair. But losing his independence to move about freely and do whatever he wants to do was not ideal,” said Mr Cai, adding that he also has close friends who are visually impaired, which ultimately inspired him to develop the robot guide dog.

RoamAssist developed a navigation and interaction system that uses autonomous driving technology and mapping to help users avoid obstacles and move around freely, as well as interact with the robot.

Users can guide the robot dog by voice control, saying things like “take me to the bus stop” or “find me an empty seat”. The robot dog can also tell the user when there is an obstacle, such as a step, in front of them.

RoamAssist, a start-up that develops robotic guide dogs to help the visually impaired, received $100,000 as part of Grip. ST PHOTO: MARK CHEONG

“Guide dogs in Singapore are expensive, and also extremely limited,” said Mr Cai. “So there is definitely a gap in accessibility for the visually impaired and those who cannot move independently, and something has to be done.”

He is currently working on a solution to roll out these dogs at MRT stations to see if they can be a part of Singapore’s infrastructure.

DPM Heng said that although it is a tough niche and requires many industry players to work together more intentionally, deep tech remains crucial to solving many challenges of today.

He added that there are opportunities to be captured by “developing winning products”.

“But to seize these opportunities, we must have the necessary capacity and capabilities. Given the winner-takes-all nature of some of these technological advancement, we must play to win,” said DPM Heng.