co11ab Novena, a S$15 million biomedtech incubator, officially opens

NTU Singapore, A*STAR, and the National Healthcare Group (NHG) today officially opened co11ab Novena (co11ab), the first biomedical technology (biomedtech) incubator in Singapore to be embedded in a healthcare precinct.

The S$15 million incubator’s physical space was unveiled today by Dr Janil Puthucheary, Senior Minister of State for Health, as the Guest of Honour.

Situated at NTU Lee Kong Chian School of Medicine’s Novena campus, co11ab aims to advance healthcare innovations by fostering a thriving ecosystem for biomedtech start-ups, and by bridging the gap between ground-breaking research and successful commercial ventures.

Its location in a medical school and within easy reach of a hospital, national specialty centres, and research institutions allows start-ups to tap on clinical and research expertise in the vicinity.