National University of Singapore and Wuxi Economic Development District cooperate to advance innovation and talent cultivation in big data, business analytics and artificial intelligence

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.”