Start-ups working on artificial intelligence (AI) will now have a centre in Suzhou to help them venture into the Chinese market.
Besides offering one-stop services for the start-ups, the centre aims to incubate 15 innovative companies in its first five years and promote National University of Singapore (NUS) technologies.
The NUS Artificial Intelligence Innovation and Commercialisation Centre is a $20 million collaboration between NUS and Suzhou Industrial Park Administrative Committee.
It will start operating next month, focusing on advancing AI research, innovation, application and commercialisation in various areas, including healthcare, financial technology and smart city, NUS said in a statement.
The centre will also give NUS students opportunities for internship stints as well as lectures and symposiums to connect professionals in the artificial intelligence field.
The centre will be working with Block71 Suzhou – a business hub for innovators and entrepreneurs managed by NUS Enterprise – to improve NUS commercialisation technologies.
NUS’ acting president, Professor Tan Eng Chye, said: “This new NUS AI centre, our first in China, will foster deeper scientific and industrial exchange between Singapore and Suzhou, as well as catalyse new technology and breakthroughs.”
https://www.straitstimes.com/singapore/suzhou-centre-to-help-ai-start-ups-break-into-china
InnovFest Chongqing 2023 marked a significant milestone with the signing of 11 projects, including a new technology laboratory by NUSRI Chongqing, Changan Auto and NUS.
A highlight of InnovFest Chongqing was the signing of 11 projects, reflecting a deepening collaboration between Chongqing and Singapore in talent development and industry-university-research (IUR) innovation.
Among the agreements signed was the establishment of a new technology laboratory by NUS, Changan Auto, and NUSRI Chongqing. This collaborative venture will explore technological innovations, particularly in AI technology, the integration of smart cars with the ICT industry, as well as new energy batteries. By leveraging the strengths of universities and research institutes in the innovation ecosystem, the laboratory aims to address challenges faced by enterprises during the engineering and mass production phases, facilitating a holistic IUR development.
Additionally, the signing ceremony saw NUSRI Chongqing forming a partnership with Chongqing University for talent development. Nine industry-research strategic contracts were also inked with enterprises based in Chongqing, catalysing a robust innovation ecosystem in line with the event’s theme.
InnovFest China 2023 puts a spotlight on the expanding collaboration between Singapore and China, underscoring the crucial role of cross-border partnerships in fuelling innovation and progress and enabling both nations to better navigate the challenges of today’s ever-evolving technological landscape.