NTU Singapore and Vietnam’s National Innovation Centre (NIC) are collaborating to build research translation and innovation capacity for start-ups, research institutions and companies in both countries.
The collaboration aims to promote research translation which will help research institutions and start-ups make the leap into commercialising technologies that will benefit industry and society.
Leading NTU’s efforts in this partnership is the Energy Research Institute @ NTU (ERI@N) through its EcoLabs initiative, which will work closely with Vietnam’s NIC, a government agency aimed at supporting and developing Vietnam's start-up and innovation ecosystem through science and technology.
Both institutions signed a Memorandum of Understanding at the Vietnam-Singapore Business Forum held at the Shangri-La Hotel today which was witnessed by His Excellency Pham Minh Chinh, the Prime Minister of Vietnam.
Under the two-year agreement, NTU and NIC will share and exchange best practices for start-ups to improve research translation and innovation capacity in Singapore and Vietnam. The collaboration aims to accelerate the commercialisation of research projects through various technology exchange programmes.