Under the programme, Temasek and Xora will work with both universities to launch and build globally-competitive ventures that have the strong potential to address market opportunities in areas such as energy transition, biotechnology, and the future of compute and cognition.
The Nanyang Technological University, Singapore (NTU), the National University of Singapore (NUS) and Temasek have signed a memorandum of understanding (MOU) to embark on a joint $75 million pilot programme. The programme aims to accelerate the creation of successful deep tech start-ups from the pipeline of research at NTU and NUS.
Temasek will invest $65 million into the deep tech start-ups while NTU and NUS will put in $5 million each. Temasek’s investment will be made mostly through its early-stage deep-tech investing platform, Xora.
