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National University of Singapore establishing Artificial Intelligence Innovation and Commercialisation Centre in Suzhou

National University of Singapore establishing Artificial Intelligence Innovation and Commercialisation Centre in Suzhou

The National University of Singapore (NUS) and Suzhou
Industrial Park Administrative Committee (SIPAC) are jointly establishing
the NUS Artificial Intelligence Innovation and Commercialisation Centre
(NUSAIICC) to promote the scientific and technological innovation, application
and commercialisation of artificial intelligence (AI).

The NUSAIICC will be sited within the NUS (Suzhou) Research
Institute (NUSRI) in Suzhou, China and it will be operational from January
2018.

An agreement was inked in Suzhou today between NUS Acting
President Professor Tan Eng Chye and SIPAC Vice Director, Mr. Ding Lixin to
formalise the collaboration and the establishment of NUSAIICC.

The agreement invovles a joint investment of close to RMB100
million (S$20 million) in funding and manpower to support the development and
operation of NUSAIICC and NUSRI.

The NUSAIICC will be led by Professor Ooi Beng Chin, a
Distinguished Professor of Computer Science at NUS, as its inaugural Director.
Prof Ooi will oversee a multidisciplinary research team drawn from across NUS
faculties and research institutes to advance AI research, innovation,
application and commercialisation across various areas, including health care,
financial technology and smart cities.

The centre will undertake collaborative research and
innovation in AI to develop advanced intelligent systems and platforms to help
transform and upgrade the AI competencies across the full spectrum of industry,
ranging from start-ups, small-medium enterprises, to larger enterprises.  

The NUSAIICC will actively promote NUS technologies and also
identify and encourage budding start-ups to venture into the Chinese market
through NUSAIICC and its one-stop services.

It will also provide technology incubation support and
solutions to start-ups and small businesses, helping them solve problems with
AI. It will also accelerate the adoption of AI to promote and form an AI
ecosystem and industrial chain in the Suzhou area. NUSAIICC aims to incubate 15
innovative companies in its first five years.

NUS students will get valuable internship opportunities through
the collaboration, providing them real world exposure to the vibrant start-up
scene in China and understanding of the Chinese market.

NUSAIIC will also work closely with recently
established BLOCK71 Suzhou
to strengthen NUS commercialisation activities
in Suzhou. (Block 72 Suzhou was set up in November this year by NUS Enterprise, the entrepreneurial
arm of the National University of Singapore and NUS (Suzhou) Research Institute
to help Singapore companies and start-ups access the innovation ecosystem in
Jiangsu)

As part of NUSAIICC’s role in facilitating robust scientific
and technology exchange, it will also host 10 lectures and symposiums over five
years to connect science and technology experts and industry leaders in
AI-related fields.

Prof. Ooi, who is also Director of NUS Smart Systems
Institute, said, “The advances in AI presents an opportunity to solve society’s
pressing problems in exciting new ways. NUSAIICC aims to be at the forefront of
AI innovation, uncovering new insights and developing cutting-edge solutions
for the world while at the same time fostering greater collaboration between
industry and academia. I look forward to leading this new initiative and
working with leading AI experts from Singapore and Suzhou.”    

Prof. Tan Eng Chye said, “Following on the very recent
expansion of NUS’ BLOCK71 ecosystem to Suzhou, we are delighted to strengthen
further our ties with Suzhou with the launch of the NUSAIICC. This new NUS AI
centre, our first in China, will foster deeper scientific and industrial exchange
between Singapore and Suzhou, as well as catalyse new technology and
breakthroughs that will have an impact on communities in both cities.”

“We are excited by the synergy between NUSRI, BLOCK71 Suzhou
and the NUSAIICC in Suzhou, and look forward very much to the innovations and
insights to come,” Prof. Tan added. 

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