SMU has been allocated $6.5 million from the $22 million University Innovation Fund of the National Research Foundation (NRF) to promote innovation and academic entrepreneurship. The Institute of Innovation & Entrepreneurship at SMU will administer this grant and facilitate bringing university R&D innovation from the laboratory to the market.
Professor Howard Hunter, President of SMU said, “NRF’s University Innovation Fund will greatly benefit SMU in strengthening the innovation and entrepreneurial culture among its students, faculty and staff. SMU’s practice track faculty, who have industry experience, together with entrepreneurial tenure track faculty, will be involved in building this strong eco-system of innovation and entrepreneurship on campus. We hope to use the scheme to launch new academic and other programmes that will groom more entrepreneurial students.”
A new SMU Enterprise Board, chaired by Mr Anil Thadani, member of SMU’s Board of Trustees and Chairman of Symphony Asia Holdings Pte Ltd, will oversee disbursement of the $6.5 million grant. |
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