NUS pumps S$25m into co-creating 250 startups

Singapore

THE National University of Singapore (NUS) will be setting aside S$25 million to co-create up to 250 companies over the next five years through a new initiative announced by Finance Minister Heng Swee Keat on Tuesday.

The NUS Graduate Research Innovation Programme (Grip) will tap on the university's graduate students, post-doctoral fellows and research staff to establish and run high-potential startups based on cutting-edge technologies that will give them a sustained advantage over incumbents or create new markets.