Duke-NUS Medical School today launched LIVE Ventures, a S$20 million incubation programme designed to catalyse the commercialisation of innovative academic research.
Duke-NUS Medical School Jul 22 2024 Duke-NUS Medical School today launched LIVE Ventures, a S$20 million incubation programme designed to catalyze the commercialization of innovative academic research. Focused on translating scientific breakthroughs into clinical applications, LIVE Ventures will provide Duke-NUS scientists conducting high-impact research with essential commercialization expertise and resources and partner with both public and private sector entities to co-fund these projects.
Vital funding to commercialize academic research projects Traditionally, funding opportunities for innovations concentrate either on basic scientific research or end-spectrum commercialisation with limited resources dedicated to helping academic projects take that first crucial step towards commercialisation. LIVE Ventures, with its first funding tranche of S$10 million, will help close this gap by supporting up to 20 Duke-NUS research projects over the next five years.
Over the next two years, Assoc Prof Ho and her team expect to identify at least three candidates with the therapeutic potential of reducing overactive inflammation in common diseases like rheumatoid arthritis, inflammatory bowel diseases and atopic dermatitis. Through Duke-NUS' close partnership with SingHealth, also Singapore's largest healthcare group, the School's scientists have direct access to SingHealth's clinical resources to validate their research findings in translating pre-clinical discoveries into clinical trials.
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