Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Singapore’s GIC invests in portable, real-time DNA sequencing firm

Singapore’s GIC invests in portable

Singapore's sovereign wealth fund GIC recently announced
that it has invested in Oxford Nanopore Technologies.

Oxford Nanopore
is the developer of the world's only portable, scalable, real-time deoxyribonucleic
acid (DNA)/ribonucleic acid (RNA) sequencer, with a customer base spanning over
70 countries.

Oxford Nanopore’s innovation, the MinION, is a portable,
real-time, long-read, low-cost device that has been designed to bring easy
biological analyses to anyone, whether in scientific research, education or a
range of real-world applications such as disease and/or pathogen surveillance,
environmental monitoring, food-chain surveillance, self-quantification or even
microgravity biology.

According to Oxford Nanopore, nanopore sequencing is being applied to fields where
portability, ease of set up, long reads and real-time analysis make a
difference and where users want to control the time-to-results.

GIC is one of the key investors in ONT’s £100-million
(equivalent to S$184 million) capital raising. Other investors include China
Construction Bank International (CCBI), Australian hospitality industry pension
fund HostPlus and existing investors of ONT.

“I’m pleased that
such a pioneering British business has obtained the investment they need to
grow, creating thousands more jobs and continuing ground-breaking research in
this field here in the UK. Through our modern Industrial Strategy, we are
making sure that Britain remains the natural choice for innovative firms to
prosper – investing in the future of our country,’ said Prime Minister
of the UK Theresa May.

The funds raised will be used to support a new high-volume,
high-tech manufacturing facility, commercial expansion and the development of
new innovative products.

According to a press
release
by Oxford Nanopore, the funds raised will also support research and
development (R&D) as Oxford Nanopore expands its suite of nanopore analysis
devices. The currently available pocket MinION and desktop GridION are being joined by high-throughput modular
sequencing with PromethION and small,
single-test sequencing with Flongle.

“Oxford Nanopore has a unique business model of providing
accessible, real-time DNA analysis technologies that can be applied to pocket-sized
or industrial installations,” said GIC’s Chief Investment Officer of Public
Equities Bryan Yeo.

“We believe this will continue to drive growth in their user
base as well as in new applications for DNA or RNA sequencing. This investment
reflects our confidence in the global demand outlook for DNA information across
many industries over the long term,” he added.

Headquartered at the Oxford Science Park outside
Oxford in the UK, Oxford Nanopore has a commercial presence in US, China,
Japan, France, and Germany. New operations are now being opened in Shanghai and
San Francisco. It has also announced the forthcoming construction of a new
bespoke 34,000sqft manufacturing facility on the Harwell Science and Innovation
Campus.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.