NUS expands startup hub in Tokyo to propel deep tech innovation

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NUS expands startup hub in Tokyo to propel deep tech innovation - Digital News Asia

Quick Summary:

Block71 Tokyo will foster innovation with three key partnerships

Aims to support startups, researchers & students by connecting them with investors NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS), is expanding its presence in Japan with the launch of its second Block71 office in Tokyo, following its first location in Nagoya in November 2024.

This collaboration, formalised through a collaboration agreement signed by professor Tan and Yasushi Okamoto, TIS Inc.group president, launches the deep tech seed to A growth expansion programme (Deep-SAGE), a startup acceleration initiative to help seed-stage startups scale towards pre-series A and series A funding.TIS Inc.will commit a total of US$5.6 million (RM25 million) to support Deep-SAGE over three years, funding three cohorts of up to 10 startups each.TIS Inc.plans to invest a minimum of US$367,000 (RM1.6 million) each in at least two startups per cohort.