$30m fund to take inventions to market

Singapore, 21 September 2004

CADI Scientific was one of the short-listed companies that was granted the funding to help start-up firms.

Extract from The Straits Times article, "$30m fund to take inventions to market" - Entrepreneurial arm of NUS aims to help 100 promising start-ups in the next three to five years, including foreign ones hatched here

One start-up that got a leg-up from the $2 million fund is Cadi Scientific, which makes a hospital-based wireless temperature monitoring system and an ear and forehead thermometer.

The wireless system was put on trial at Singapore General Hospital and Cadi is now in talks with hospitals to sell the system to them.

Its thermometer hit stores in June and more that 1,500 units have been sold. 

One of the company's founders is Dr Lim Soh Min, 33, its chief software architect who got her PhD in physics from NUS four years ago.

She said: 'The funding speeded up the process. Without it, we'd be struggling to fund the prototypes.'