US venture capital firms Playground Global and Matter Venture Partners have joined NUS Enterprise's US$117 million VC Programme, gaining access to Singapore's deep tech startup ecosystem. The partnerships will connect promising Singaporean startups in AI, biotech, quantum technologies and advanced materials with US markets and venture networks. NUS Enterprise will establish its first global outpost at Playground Global's 70,000-square-foot Silicon Valley facility, The Studio, providing NUS-backed founders with laboratories, prototyping workshops and market exposure to validate technologies and refine product-market fit. The NUS VC Programme comprises US$39 million in investments across selected VC firms and US$78 million reserved for co-investments in NUS-affiliated startups. Since 2001, NUS Enterprise has nurtured 10 unicorns and over 3,000 startups.

HYDGEN has secured nearly SGD 2 million in seed funding, led by Cloudberry Pioneer Investments, with participation from NUS, TK Partners, and angel investors. The funds will be used to develop a 2 MW manufacturing facility in India, a 25 kW AEM electrolyzer, and expand into India and Southeast Asia. HYDGEN's AEM electrolyzers offer cost-effective, decentralized green hydrogen production, targeting small to mid-sized industries facing high costs and logistical challenges with traditional hydrogen supply.