InfoAnda - 9 researchers receive S$2m in funding to help commercialise new ideas

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Government Education Search Search: 9 researchers receive S$2m in funding to help commercialise new ideas Channel NewsAsia - Friday, December 19 SINGAPORE: Nine researchers from Singapore’s institutes of higher learning have become the first to receive funding from the National Research Foundation to turn some of their ideas into commercial viabilities. The grants, totalling more than S$2 million, come under the foundation’s new Proof—of—Concept (POC) scheme. The National Research Foundation said it has received very enthusiastic response from researchers for the first selection programme for the POC scheme. Of the 138 applications received, 82 of them came from the National University of Singapore. Another 35 came from the Nanyang Technological University and the rest from the Singapore Management University and the polytechnics. One of the projects involves developing a new mitral valve implantation device to help cut heart operation time by half, lowering the surgical trauma and risks. Professor Theodoros Kofidis, Department of Surgery, National University of Singapore, said: "If this succeeds, it could address thousands of patients in the region and all over the world. This could have immediate public health benefits for the patient, cost benefits for the patient and insurance." Projects to benefit users of electronics products and personal computers are also being looked at. Professor Yeo Kiat Seng, School of Electrical & Electronic Engineering, Nanyang Technological University, said: "Currently in the market, all the IC chips are over—designed and, as a result, the power consumption for all these chips will be very high. "So I am looking at this POC scheme. If we are successful, we will create a totally new industry and this industry will be related to green electronics as well as something that is environmentally friendly." Over at Nanyang Polytechnic, Dr Zuruzi Abu Samah is researching on nanotechnology and nano—fabrication. The National Research Foundation plans to launch the next round of research projects under the POC scheme in March next year. — CNA/vm Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Singapore Singapore Flyer’s builder arrives as police probe breakdown incidentChannel NewsAsia - 2 hours 56 minutes ago Neighbourhood retailers start sales of Lunar New Year goodsChannel NewsAsia - Saturday, December 27 School bus operators busy getting vehicles retrofitted with safety beltsChannel NewsAsia - Saturday, December 27 Visitor arrivals to S’pore drop 9.7% on—year in NovemberChannel NewsAsia - Saturday, December 27 Some department stores reporting higher—than—expected takingsChannel NewsAsia - Saturday, December 27 Enlarge Photo 9 researchers receive S$2m in funding to help commercialise new ideas Most Popular – Singapore Viewed Actress Jennifer Aniston appears naked in GQ magazine Tough times seen ahead for British, Japanese economies Australian 'mummy smuggler' arrested in Cairo Funeral of Guinea strongman as junta tightens grip Weather outside frightful for US, Canada travelers View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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