Walden, NTU launch $50m fund to support deep-tech start-ups
The Straits Times|November 05, 2024
Aim is to help them avoid the 'valley of death' and make the jump to market
- Osmond Chia
Walden, NTU launch $50m fund to support deep-tech start-ups

Nanyang Technological University (NTU) and major venture capital firm Walden International have kick-started a $50 million fund to support deep-tech start-ups making the leap from the laboratory to the market.

The Nanyang Frontier Fund will be allocated to NTU projects in the deep-tech space, including those in artificial intelligence (AI), robotics and high-end engineering.

Walden International chairman Tan Lip-Bu and his associates have invested $5 million to launch the fund, with NTU allocating another $5 million, said the university in an announcement on Nov 4.

Investors are invited to contribute to the fund. NTU did not give an estimate date for when the $50 million goal would be achieved.

Start-ups often struggle to commercialise due to insufficient funding, especially given the long duration for research and the risk associated with deep-tech projects, said Professor Louis Phee, NTU vice-president of innovation and entrepreneurship, in his opening address at the launch event at NTU on Nov 4.

"Many of the deep-tech innovations developed at NTU require extensive research and development, and long development cycles before they are ready to scale and succeed in the marketplace," he said.

この蚘事は The Straits Times の November 05, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は The Straits Times の November 05, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

THE STRAITS TIMESのその他の蚘事すべお衚瀺
TACKLE PLASTIC WASTE, ONE NAIL AT A TIME
The Straits Times

TACKLE PLASTIC WASTE, ONE NAIL AT A TIME

Before global leaders take the problem of plastic pollution into their hands in November, Japanese manicurist Naomi Arimoto is putting it on her fingernails.

time-read
2 分  |
November 29, 2024
Unpacking Ireland's cultural and creative renaissance
The Straits Times

Unpacking Ireland's cultural and creative renaissance

From Sally Rooney's bestsellers to actor Paul Mescal, Ireland, which holds a general election on Nov 29, has been enjoying a cultural and creative renaissance.

time-read
2 分  |
November 29, 2024
Jung Ho-yeon and Lee Dong-hwi split
The Straits Times

Jung Ho-yeon and Lee Dong-hwi split

Squid Game (2021 to present) star Jung Ho-yeon has split from her actor-boyfriend Lee Dong-hwi after a nine-year relationship.

time-read
1 min  |
November 29, 2024
The Straits Times

Dorothy's ruby slippers to go under the hammer

The ruby slippers worn by the late American actress Judy Garland in classic film The Wizard Of Oz (1939) will be sold at auction in December, nearly 20 years after they were stolen.

time-read
1 min  |
November 29, 2024
Artist Julie Mehretu opens solo Show in Sydney
The Straits Times

Artist Julie Mehretu opens solo Show in Sydney

Ethiopia-born New York artist Julie Mehretu (right), considered one of the most influential living painters, has opened her first solo show in the Southern Hemisphere in Sydney.

time-read
2 分  |
November 29, 2024
Wicked's renowned costume designer returns to Oz
The Straits Times

Wicked's renowned costume designer returns to Oz

Tony Award-winning designer Paul Tazewell first created costumes for The Wizard Of Oz in a high-school production

time-read
4 分  |
November 29, 2024
ULTIMATE SELF-CARE
The Straits Times

ULTIMATE SELF-CARE

'Tis the season to treat yourself at spas and salons, which have introduced a slew of treatments for head-to-toe pampering

time-read
2 分  |
November 29, 2024
Fifa using $67m legacy fund for social initiatives
The Straits Times

Fifa using $67m legacy fund for social initiatives

LAUSANNE - Fifa launched a US$50 million (S$67 million) legacy fund for social programmes on Nov 27, in collaboration with 2022 World Cup hosts Qatar and the World Health Organisation (WHO), the World Trade Organisation (WTO) and UNHCR, the UN Refugee Agency.

time-read
2 分  |
November 29, 2024
THE MARATHON BIKER GUY
The Straits Times

THE MARATHON BIKER GUY

Veteran Aussie has cycled over 50 courses in 12 years to ensure the route is 42.195km

time-read
3 分  |
November 29, 2024
Emery upbeat despite late drama against Juve
The Straits Times

Emery upbeat despite late drama against Juve

DIFFERENT PERSPECTIVE

time-read
2 分  |
November 29, 2024