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Intellectual property generated in the University’s labs may require additional development work before it can be adopted by industry. NTUitive, as the University’s Innovation and Enterprise company, has four subsidiaries to bring research from lab to market in realistic time. These subsidiaries help inventors develop their commercial value proposition by providing access to experts across a wide range of skillsets to facilitate market engagement, product and business model development and facilities for prototype development. Such facilitation can significantly reduce risk and attract investors and partners by providing market validation.
The four subsidiaries are aligned to the University’s technology focus:
SysteMED’s mission is to work with faculty and clinicians to build feasible, marketable solutions to clinical problems. This involves working with clinical partners to identify unmet needs which are commercially viable, with a strong IP position, credible market size and feasible regulatory/reimbursement pathways. SysteMED works with faculty and clinicians to develop these ideas into commercial products, helping develop business strategies, pursue funding, and identifying or providing engineering resources/support. SysteMED is ISO13485 certified for the design and development of active and non-active medical devices.
LUX Photonics Consortium is an initiative by Nanyang Technological University (NTU) and National University of Singapore (NUS); and is supported by the National Research Foundation. The Consortium serves as a catalyst and a networking platform to translate cutting-edge research in photonics into diverse applications underpinned by the value chain created. It aims to be a platform for the global photonics industry, to leverage photonics research and resources in Institutes of Higher Learning (IHLs) for industry and to create synergy to develop ground breaking light-enabled technologies.
The Separation Technologies Applied Research and Translation (START) Centre is also a part of the Innovation Cluster Program (ICP) led by NTUitive, supported by the National Research Foundation and in partnership with the SPRING Singapore and Economic Development Board of Singapore. START is set up as a national-level facility to bridge the translation gap between laboratory processes, results and testing, and full-scale final product. START aims to provide significant risk mitigation for the commercialisation of materials, equipment and processes related to separation technologies.
The National Additive Manufacturing Innovation Cluster (NAMIC) is part of the Innovation Cluster Program (ICP) led by NTUitive, supported by the National Research Foundation and in partnership with the SPRING Singapore and Economic Development Board of Singapore. NAMIC aims to increase Singapore’s adoption of additive manufacturing technologies to enhance competitiveness in the rapidly evolving landscape of digital industrialisation. This is accomplished by nurturing promising AM technologies and start-ups, as well as accelerating translation R&D with a focus on commercial applications. NAMIC also assist companies seeking capital injection either through project joint-funding or leveraging on its investor networks.