NUS commits $150m to boost tech startup funding, mentorship

It aims to enhance support for early-stage tech innovation.

NUS Enterprise is committing $150m to launch the NUS VC Programme, aiming to address the critical funding and mentorship gaps faced by tech start-ups.

It also aims to enhance support for early-stage tech innovation by focusing on high-potential ventures within the NUS ecosystem, including start-ups from the National Graduate Research Innovation Programme.

The programme comprises two key components. First, NUS will commit $50m over the next three years to selected venture capital firms.

The first two VC partners are Granite Asia, a leading multi-asset investment platform, and 4BIO Capital, a specialist life sciences investor focused on advanced therapeutics.

Second, NUS will set aside $100m for co-investments alongside these VC partners, which will be targeted at NUS-affiliated start-ups.

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