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Story summary
- Nanyang Technological University (NTU) launched United Overseas Bank (UOB) Innovation Hub to back deep-tech startups and incubate over 90 ventures.
- S$275 million comes from United Overseas Bank, Wee Foundation, and government contributions.
- It offers incubation facilities and spaces and supports NTU Venture Creation Programme with seed funding up to S$5,000 and scale-up grants up to S$100,000.
- The initiative aims to foster AI and sustainability and contribute to Singapore's economic growth.
