Former NTUitive chief executive Jui Lim will lead the Singaporean government's deep tech-focused investment unit from this May.
Jui Lim, former chief executive of NTUitive, the commercialisation unit of Nanyang Technological University, will take the same role at government-owned investment firm SGInnovate from May 1, Asian Scientist has reported.
Lim had led NTUitive since 2013 and was associated with the unit’s restructuring and rebrand from Nanyang Technological University Innovation the following year.
His tenure coincided with licensing revenues and overall turnover increasing by 10-fold and 20-fold, respectively, compared with 2013 levels.
Lim now replaces Steve Leonard, the outgoing CEO at SGInnovate who has led the deep tech-focused unit since it was established in 2016.
Before joining NTUitive, Lim worked for National University of Singapore from 2009 until 2013 as co-founding executive director of the university’s first institutional medical device accelerator, the Medical Engineering Research and Commercialization Initiative (Merci).
Lim was also inaugural program director of medtech-focused fellowship program Singapore-Stanford Biodesign Program from 2010 until 2013. The initiative is a partnership of Stanford University and two Singaporean government agencies: Agency for Science, Technology Research and Singapore Economic Development Board (EDB).
Lim had previously been CEO of cerebral aneurysm treatment system developer Merlin from 2006 until 2009, leading what he described on LinkedIn as one of the earliest Singapore-based medical device developers.
He worked for EDB-sponsored biomedical venture fund Bio*One Capital as a director from mid-2000 until 2007, after four years at National University Hospital from 1996 until 2000 mainly spent performing a multi-hospital residency focused on anaesthesiology.
Lim said: “I am fortunate to have experienced commercialisation through multiple lenses as an investor, startup CEO, and most recently, seeing through early-stage technology commercialisation.
“I hope to bring this experience to bear at SGInnovate. I intend to build upon the very considerable successes of SGInnovate by focusing on the deep tech sector in which Singapore has established competitive advantage and thought leadership, but which remains relatively underfunded.”