NUS and NTU launch $50m programme for startups
It aims to train 300 startups and nurture 150 spin-offs.
The National University of Singapore (NUS) and the Nanyang Technological University introduced the $50m National Graduate Research Innovation Programme (National GRIP) for startups from academic institutions.
National GRIP aims to train 300 startups by 2028 and nurture 150 spin-offs by 2030 through personalised mentorship from industry leaders.
The 12-month programme will accept teams from Singapore’s autonomous universities and A*STAR research institutes. They can join existing groups in NUS GRIP 2.0 and LLP2.0 to launch deep tech startups.
Moreover, National GRIP will enhance partnerships with deep-tech venture capitalists (VC) and venture builders to provide stronger commercial insights to the teams.
The programme plans to leverage VCs’ networks to attract founders who can team up with the startups to accelerate the latter’s growth.
To help startups expand internationally, National GRIP will leverage NUS BLOCK71’s global network.