The NUS Graduate Research Innovation Program will invest a total of $18m over the next five years to support the creation of 250 spinouts.
National University of Singapore (NUS) unveiled the S$25m ($18m) Graduate Research Innovation Program (Grip) yesterday to seed, incubate and launch up to 250 companies over the next five years.
The program will focus on deep technology projects led by researchers, post-doctoral fellow and graduate students, selecting up to 50 per year for a three-month business validation and venture creation program.
Grip will be managed by NUS’ commercialisation arm, the industry liaison office, whose staff will be on hand to offer support with the design and building of prototypes, assist with the development of operational business models, IP licensing and go-to-market strategies.
Successful projects will receive an initial S$50,000 after the first three to six months with the potential for a S$50,000 second tranche once a spinout secures either an external grant or seed funding.
Grip is currently evaluating the first batch of applicants and is expected to announce the first…
