On Friday, May 31, 2024, Institut Teknologi Bandung (ITB) signed a Memorandum of Understanding (MoU) with the National University of Singapore (NUS) at the Singapore Expo, Singapore

This MoU was signed as part of the Innovfest x Elevating Founder event, which is also a segment of AsiaTech x Singapore (ATxSG).

Representing ITB at the signing was Ir. R. Sugeng Joko Sarwono, M.T., Ph.D., Chair of the Institute for Innovation and Entrepreneurship Development (LPIK) ITB.

The purpose of this MoU is to collaborate in research and development. The partnership encompasses several key initiatives designed to enhance the exchange of technology and entrepreneurship between the two countries.

According to the official website of the Institute for Innovation and Entrepreneurship Development (LPIK) ITB, the MoU outlines three significant points regarding the collaborative programs between ITB and NUS. One of them includes the provision of scholarships for selected ITB students to participate in the NUS Enterprise Summer Program in Entrepreneurship and other entrepreneurship programs.

The scholarship scheme is reciprocal, known as "1+1," where one full scholarship provided by ITB will be matched by a full scholarship from NUS.

In addition to the Summer Programme, ITB and NUS will collaborate on the Winter Programme in Entrepreneurship, aimed at enhancing the exchange of technology, social, and cultural ideas.
"This program is designed to transform mindsets and accelerate the translation of ideas into real-world solutions, while providing a platform for students to network and further collaborate," according to an official statement from LPIK ITB.

ITB also took part in the annual innovation conference, InnovFest x Elevating Founders, organized by NUS Enterprise. This event aims to foster startups and promote entrepreneurship across Asia and globally by bringing together innovation and entrepreneurial ecosystems from around the world.