Venture capitalist Tan Lip-Bu kickstarts NTU’s S$50 million venture capital fund with S$5 million investment
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Updates every hour. Last Updated: 1-May-2025 11:08 ET (1-May-2025 15:08 GMT/UTC)
Technological University, Singapore (NTU Singapore) and leading global venture capital (VC) firm Walden International are launching a new VC fund to support deep tech spin-offs from the University. Known as the Nanyang Frontier Fund, it has an initial target sum of S$50 million. The Nanyang Frontier Fund is Singapore’s first venture capital fund dedicated to a university. Mr Tan Lip-Bu, Chairman of Walden International, and his associates are committing an investment of S$5 million to kickstart the fund, with NTU co-investing another S$5 million. The Nanyang Frontier Fund was launched today by Guest-of-Honour, Mr Heng Swee Keat, Deputy Prime Minister and Chairman of the National Research Foundation. Mr Tan Lip-Bu is a globally renowned venture capitalist with almost four decades of experience in the tech industry. Dubbed the “pioneer of Asian VC” by Forbes for pioneering the US venture capital concept in Asia, he has been instrumental in the success of numerous global tech startups.
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