NUS Deep Tech Fund

Overview

The NUS Deep Tech Fund, associated with the National University of Singapore (NUS) Enterprise, is a pioneering investment initiative aimed at fostering innovation and development in the deep technology domain. Deep tech encompasses endeavours rooted in scientific discoveries or engineering innovations, including fields such as AI, quantum computing, and biotechnology. Historically, NUS has been proactive in nurturing an entrepreneurial ecosystem, providing resources, mentorship, and financial support to convert academic research into viable commercial ventures.

Recent Developments

  • July 2025: In a continued effort to bolster the ecosystem of deep tech startups, NUS launched a significant $150 million venture capital program. This initiative, unprecedented in Asia, aims to bridge the funding gap experienced by early-stage tech ventures, offering not just financial resources but also mentorship and network opportunities for startups to scale and achieve commercial viability (Straits Times).
  • March 2025: NUS expanded its international reach with the opening of a new startup hub in Tokyo, strengthening its role in the global startup ecosystem. This expansion is set to provide additional support and partnership opportunities for NUS-affiliated startups, particularly those interested in penetrating the Japanese market (NUS News).
  • November 2024: The Singapore government bolstered its deep tech strategy by merging existing incubator programs under the new National Graduate Research Innovation Programme (GRIP), aiming to support 300 startups by 2028 (Straits Times).
  • March 2024: NUS launched the enhanced GRIP 2.0 with a commitment of $20 million to support deeper research and innovation commercialization. This program provides structured mentorship and funding to accelerate the transition of research-intensive ventures from lab to market (Eco-Business).

Company Information

AttributeInformation
Founding DateNot specified
HeadquartersSingapore
FoundersNot specified
RevenueNot specified
ProfitsNot specified
Key InvestorsTemasek, NUS, NTU
IndustryVenture Capital, Deep Tech
Number of EmployeesNot specified

Early History

The roots of the NUS Deep Tech Fund can be traced back to the ambitions of NUS to leverage its strong research and innovation framework for commercial purposes. Recognizing the need for support structures that enable scientific and technological research to translate into market-ready innovations, NUS embarked on creating pathways for startups emerging from its ecosystem.

In 2018, NUS launched the Graduate Research Innovation Programme (GRIP), a foundational step in the university's efforts to cultivate an environment that fosters entrepreneurship among its postgraduates, researchers, and alumni. This program was designed to nurture early-stage ventures, facilitating the transformation of academic research into commercial entities.

Company Profile and Achievements

NUS Enterprise, the arm executing the Deep Tech Fund, plays a crucial role in bridging academic expertise with entrepreneurial action. The fund's broad objective is to provide the necessary resources, mentorship, and financial backing for early-stage deep tech ventures within and aligned with the NUS ecosystem.

  • 2018: Launch of the GRIP program to nurture aspiring entrepreneurs within the university's community.
  • 2023: NUS, in collaboration with Temasek and NTU, initiated a $75 million program to fast-track the commercialization of research-driven deep tech ventures.
  • 2024: NUS rolled out GRIP 2.0 with a focus on increasing funding for promising startups and enhancing mentorship programs.
  • 2025: Announcement of the $150 million NUS Venture Capital Programme, aiming to comprehensively support tech startups through a combination of capital and expertise, marking a significant milestone in establishing NUS as a cornerstone in Asia's deep tech landscape.

Current Operations and Market Position

As of 2025, NUS's strategic initiatives have positioned it as a leader in nurturing deep tech startups in Asia, leveraging its academic strengths and extensive networks. The expansion into international markets, such as opening a startup hub in Tokyo, exemplifies its strategy to integrate global perspectives into its operations.

The venture capital program and the enhanced GRIP initiatives showcase NUS's commitment to providing a comprehensive support structure, enabling tech ventures to transition from research hubs to global markets. Through partnerships with leading firms and governmental support, NUS is enhancing its competitive advantage, ensuring that startup initiatives have access to both local and international avenues for growth.

Conclusion

The NUS Deep Tech Fund stands as a pivotal instrument in Singapore's vision for fostering innovation and technological advancements. By bridging academic research with entrepreneurial practice, NUS continues to make substantial contributions to the deep tech ecosystem, not only in Singapore but across Asia. As the landscape of venture capital evolves, NUS is well-positioned to address future challenges, supported by its robust framework that incentivizes research and development.

References

  1. Technode Global
  2. Straits Times
  3. Tech in Asia
  4. Deal Street Asia
  5. NUS News
  6. Business Times
  7. News NUS
  8. Eco-Business
  9. Digital News Asia
  10. Manila Times