NTU unveils incubator to back 90 start-ups over five years

The UOB Innovation Hub takes up 2.5 floors of eight-storey learning hub The Hive. Read more at straitstimes.com.

SINGAPORE – Cybersecurity start-up PQStation now has the security of having its own dedicated space to advance its work.

The firm that aims to help organisations such as banks and government agencies spot gaps in their existing systems that make them vulnerable to hacking by quantum computers, has found a home in a newly-launched start-up incubator at Nanyang Technological University.

“It’s the first time we are getting space for our own company because we were previously working out of various research laboratories in the university,” said Dr Prasanna Ravi, chief executive officer of PQStation, the NTU spin-off that he co-founded in August 2024.

But it now has access to subsidised office space, sponsored seminars and workshops, and free mentorship programmes by industry experts including UOB executives after it moved into the UOB Innovation Hub.

Taking up 2.5 floors of eight-storey learning hub The Hive, the UOB Innovation Hub is set to nurture 90 start-ups in artificial intelligence, sustainability and advanced technologies over the next five years.

The exact funding for the UOB Innovation Hub was not disclosed but it is backed by a $275 million endowment fund contributed by the bank, the Wee Foundation and the Government.