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New $40 mil fund to help local firms commercialise urban and sustainability solutions

Douglas Toh
Douglas Toh • 3 min read
New $40 mil fund to help local firms commercialise urban and sustainability solutions
Eligible projects must address national priorities, stem from previous publicly funded research, have a working prototype, and demonstrate a clear path to commercialisation. Photo: Bloomberg
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The Ministry of National Development (MND) and the Ministry of Sustainability and the Environment (MSE) have launched a $40 million fund to help local companies develop, pilot and commercialise urban and sustainability (USS) solutions.

The USS Translation Fund helps companies turn high-potential USS research into cost-effective, market-ready products by reducing upfront capital costs and commercialisation risk.

Eligible projects must address national priorities, stem from previous publicly funded research, have a working prototype, and demonstrate a clear path to commercialisation, the MND and MSE said in a joint announcement on Feb 5.

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