Article courtesy of Jacquelyn Cheok | September 12, 2014 | The Business Times | Shared as educational material
NANO Sun, a two-year-old water technology spin-off from the Nanyang Technological University (NTU), has developed a first-of-its-kind multi-functional water filtration membrane that may revolutionise water treatment processes.
The technology is developed by Darren Sun, a researcher behind Singapore’s first NEWater plant. It is able to turn large volumes of polluted water into drinking water quickly at a fraction of current costs.
The startup, currently valued by venture capitalists at S$80 million is already looking at an IPO (initial public offering) within the next five years, The Business Times understands.
“We’ve raised S$2 million from the National Research Foundation and Public Utilities Board, another S$2 million from private investors, and are now working on a S$20 million round,” said managing director Wong Ann Chai.