Singapore 5 May 2023 – The National University of Singapore (NUS) Business School and School of Computing co-signed a Memorandum of Understanding (MOU) with Wuxi Economic Development District (WEDD) today, to cooperate in research and development (R&D), and talent cultivation in Big Data, Business Analytics, and Artificial Intelligence.
The strategic partnership provides a platform for NUS researchers to collaborate with local and multinational companies in Wuxi on joint R&D activities. It also aims to build a pipeline of talent to support the advancement of high-technology industries and economic growth in Wuxi and Singapore.
R&D collaboration to accelerate technological innovation
The MOU will enable more funding from WEDD to be channelled towards R&D projects in Artificial Intelligence and Business Analytics in sectors such as semiconductors, new energy, and the digital economy.
The first research project, which focuses on generative AI for the manufacturing industry, is set to commence in mid-2023. The project, which involves an investment of S$600,000, is a joint effort between NUS Business Analytics Centre, a centre supported by NUS Business School and NUS School of Computing, and PSR Technology, an advanced manufacturing company in WEDD. Additionally, the partnership includes knowledge exchange and the facilitation of incubation for related high-tech start-ups.
The collaboration in R&D will leverage NUS’ world-class research expertise and accelerate the pace of innovation, leading to the development of cutting-edge technologies, products, or services that benefit economic growth.
Talent cultivation to drive long-term growth
The collaboration would also support talent development in the high-tech industry through scholarships. PSR Technology will be the first company in WEDD to offer 6 full scholarships to students in NUS’ Master of Science in Business Analytics (MSBA) Programme over the next three years. It will also broaden internship opportunities for students through access to high-tech companies in WEDD. These scholarships and internship opportunities will allow students to develop practical skills, network with industry professionals, and apply their knowledge to tackle real-world problems.
Prof Susanna Leong, Vice Provost of Masters’ Programmes & Lifelong Education and Dean of the School of Continuing and Lifelong Education who witnessed the MOU signing, said, “The collaboration reinforces NUS’ commitment to contribute impactful solutions that address the world’s challenges and promote regional growth. Through this cooperation, our students and researchers will have the opportunity to work alongside industry leaders, driving innovation in the areas of big data, business analytics, and artificial intelligence. We look forward to many fruitful accomplishments of this partnership.”
Mr Zhao Jianjun, The Mayor of Wuxi who witnessed the MOU signing, said, “We are honoured to collaborate with NUS and have high expectations for a fruitful outcome. As a world-class university, NUS possesses exceptional strengths, and Wuxi has a robust industrial foundation. By leveraging the advantages of both parties, we can accelerate scientific research and talent cultivation to drive technology transformation and achieve mutual success.”
(Front row from left) Prof Andrew Rose, Dean of NUS Business School, Prof Tan Kian Lee, Dean of NUS School of Computing and Ms Yan Qin, Deputy Director of the Management Committee in Wuxi Economic Development Zone signed the MOU, witnessed by Prof Susanna Leong (back row left) and Mr Zhao Jianjun.
(Front row from left) Prof Khoo Siau Cheng, Co-Director, NUS Business Analytics Centre, Prof James Pang, Co-Director of NUS Business Analytics Centre, and Dr Patrick Lin, Chairman of PSR Technology signed the agreement, witnessed by Prof Susanna Leong (back row left) and Mr Zhao Jianjun.
For media enquiries, please contact:
Natalie Law
Assistant Manager, Corporate Communications
NUS Business School
National University of Singapore
Tel: +65 6601 1206
Email: natalielaw@nus.edu.sg
Mark Chen
Director
Taihu Bay Information Technology Industry Park Administrative Centre
Wuxi Economic Development Administrative Committee
Tel: +86 18800562656
About National University of Singapore (NUS)
The National University of Singapore (NUS) is Singapore’s flagship university, which offers a global approach to education, research and entrepreneurship, with a focus on Asian perspectives and expertise. We have 16 colleges, faculties and schools across three campuses in Singapore, with more than 40,000 students from 100 countries enriching our vibrant and diverse campus community. We have also established our NUS Overseas Colleges programme in more than 15 cities around the world.
Our multidisciplinary and real-world approach to education, research and entrepreneurship enables us to work closely with industry, governments and academia to address crucial and complex issues relevant to Asia and the world. Researchers in our faculties, research centres of excellence, corporate labs and more than 30 university-level research institutes focus on themes that include energy; environmental and urban sustainability; treatment and prevention of diseases; active ageing; advanced materials; risk management and resilience of financial systems; Asian studies; and Smart Nation capabilities such as artificial intelligence, data science, operations research and cybersecurity.
For more information on NUS, please visit www.nus.edu.sg.
About NUS Business School
The National University of Singapore (NUS) Business School is known for providing management thought leadership from an Asian perspective, enabling its students and corporate partners to leverage global knowledge and Asian insights.
The school has consistently received top rankings in the Asia-Pacific region by independent publications and agencies, such as The Financial Times, Economist Intelligence Unit, and QS Top MBA, in recognition of the quality of its programmes, faculty research and graduates.
The school is accredited by AACSB International (Association to Advance Collegiate Schools of Business) and EQUIS (European Quality Improvement System), endorsements that the school has met the highest standards for business education. The school is also a member of the Graduate Management Admission Council (GMAC), Executive MBA Council, Partnership in Management (PIM) and CEMS (Community of European Management Schools).
For more information, please visit bschool.nus.edu.sg, or go to the BIZBeat portal, which showcases the School’s research.
About NUS Computing
NUS Computing is one of the leading computing schools in the world, with faculty members who are both internationally recognised researchers and inspiring teachers. The School offers outstanding undergraduate and graduate degree programmes across the full spectrum of the field of computing, including Computer Science, Information Systems, Computer Engineering, Business Analytics and Information Security, as well as specialisations in emerging areas of importance such as artificial intelligence, fintech, blockchain, analytics and security. Correspondingly, the School attracts excellent students and produces talented graduates who are making their mark in the world.
The School’s exceptional education, coupled with the demand for computing talent in all fields and industries, makes NUS Computing graduates highly sought-after. The School instils students with leadership qualities and a spirit of entrepreneurship through mentorship, community service initiatives and special programmes, including The Furnace, a start-up incubator which offers funding, infrastructure and management support to bring original ideas to commercial fruition.
In research, NUS Computing has established long-standing excellence in areas such as database, multimedia, computational biology, social media and digital business, as well as digital innovation in service economy. The School is also strategically building research excellence in fields such as cybersecurity, artificial intelligence (robotics and machine learning), smart systems (Internet of Things), analytics, healthcare informatics, as well as computational social science.
About Wuxi Economic Development District
Jiangsu Wuxi Economic Development District is a provincial-level development zone. It was formally established on January 4, 2019, with its Party Working Committee and Management Committee reporting directly to the Wuxi Municipal Party Committee and Municipal Government. The economic development district, with a total area of 56.6 square kilometres, is located in the geometric centre of the Yangtze River Delta, the administrative centre of Wuxi. It strategically propels Wuxi toward urban space expansion, layout optimization, characteristics shaping, and capacity enhancement.
Wuxi Economic Development District is an integral part of Wuxi’s “one city and two cores,” the core area of the Taihu Bay Science and Technology Innovation Belt. An experimental demonstration area to promote the development of the (Wuxi) Integrated Innovation and Start-up Development District in the region from Yangtze River Delta to Guangdong, Hong Kong, and Macao, which performs the critical task of leading Wuxi’s high-quality development.
Wuxi Economic Development District has worked hard since its establishment to create the overall spatial layout of “One Town and Five Parks” and raise its profile as an eco-environmental protection demonstration zone, an innovation pilot zone, a modern industry leader, and a high-profile talent pool” by transforming itself into a livable and business-friendly development demonstration zone, a pioneer in Taihu Bay innovation belt development, and a site for implementing the new development idea throughout the whole industrial chain.
