Temasek will invest $65 million through its subsidiary Xora; NUS and NTU will each put in $5 million. Read more at straitstimes.com.
SINGAPORE - A pilot programme to help promising deep tech ventures build up their businesses and go to market was launched on Tuesday through a $75 million joint investment by state investor Temasek, the Nanyang Technological University and the National University of Singapore .
A memorandum of understanding was signed between Temasek, NTU and NUS at Temasek Shophouse on Tuesday. Mr Russell Tham, Temasek’s head of emerging technologies and joint head of the enterprise development group , said deep-tech involves using science-based principles from domains such as physics, chemistry and biology to come up with a new invention or innovation.
Speaking to reporters at Tuesday’s event, Mr Tham said the future of compute and cognition refers to innovation in next generation computing technologies like quantum computing. Artificial intelligence and generative AI also fall under this area. Professor Tan Eng Chye, president of NUS, said the collaboration with NTU and Temasek will combine the three organisations’ expertise and resources in research, innovation and enterprise.
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