Singapore's top university commits $116m for deep-tech startups
TSUBASA SURUGA
SINGAPORE -- The National University of Singapore, the city-state's top university, is launching a 150 million Singaporean dollar ($116 million) program aimed at investing in startups that work in robotics, autonomous driving and other deep-tech fields.
Over the next three years, the NUS VC Program will pour SG$50 million into venture capital (VC) firms with track records in early-stage deep-tech investments and provide support for the university's tech startups, NUS announced on Tuesday. It will set aside another SG$100 million for a separate fund focused on NUS-affiliated firms, with plans to invest alongside the selected VCs.
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