SINGAPORE – The National University of Singapore (NUS) will partner with two leading Indonesian universities to strengthen innovation and entrepreneurship.
According to a MOU signed on Friday (July 16), NUS – through the entrepreneurial arm NUS Enterprise – will offer scholarships to students at the University of Indonesia (UI) and Gadjah Mada University (UGM) to attend the Master of Science in the Venture Creation program here starting next year.
The universities will also start an initiative in Indonesia to develop and expand highly effective deep-tech companies.
The signing of the letter of intent at the innovation conference InnovFest, organized by NUS Enterprise, was broadcast live online.
The InnovFest is part of the four-day Asia Tech x Singapore event organized by the Infocomm Media Development Authority, which ends on Friday.
Professor Freddy Boey, Vice President for Innovation and Enterprise at NUS, signed the agreement with Dr. Nurtami, UI Vice Rector for Research and Innovation; and UGM Rector, Professor Panut Mulyono.
The signing was witnessed by Professor Nizam, Director General of Higher Education at Indonesia’s Ministry of Education, Culture, Research and Technology.
NUS Enterprise has been involved in the innovation and entrepreneurship ecosystem in Indonesia since 2017 through initiatives such as the NUS Overseas Colleges and the NUS Enterprise Summer Program in Entrepreneurship.
To date, NUS Enterprise has supported more than 250 startups from Singapore and Indonesia and provided incubation support and access to markets through its global network, Block71.
Prof. Boey said that NUS Enterprise has continued to cultivate a dynamic entrepreneurial ecosystem in Jakarta and Yogyakarta, with activities that include working with Singapore incubators and educational institutions.
“We hope with this new joint initiative … to shape the next wave of start-up founders with deep-tech companies.”
Dr. Nurtami said the connection will be of mutual benefit to universities involved in research, teaching, and community.
“It will give our students the opportunity to improve their personal skills, creativity, ethics, innovation and entrepreneurship,” she added.
Prof. Panut pointed to the “longstanding friendship” between the universities and said the MOU would pave the way for further academic partnerships. “It shouldn’t stop there. We want to see more opportunities in the form of entrepreneurs, start-ups and companies created by our alumni.”
“The future of Asean depends very much on our success in nurturing creative and productive citizens in line with the needs of a very dynamic future,” said Prof. Nizam with a thumbs up for the letter of intent.