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NTU start-up launches world's first 3-in-1 water monitoring system
Date:6/20/2012

ng approximately $10,000. This means a short payback period of just six months.

With the new sales, MINT is expected to make $1 million in revenue this year. The young company, founded in 2009 on water sensor technologies developed at NTU's Singapore Membrane Technology Centre, is presently valued at $4 million, double its value from last year.

MINT has also recently received a new injection of funds by venture capitalist Nanostart Asia Pacific, after it successfully completed its Series A funding, typically ranging from $500,000 to $5 million in Singapore.

Apart from ramping up commercialisation of water technologies, Dr Yeo is also interested in grooming future environmental engineers and entrepreneurs, much like how he was mentored at NTU by his professors.

The entrepreneur has since taken in 10 NTU undergraduate students as interns over the past two years, and their work have also contributed to the research and development of the Memshield system.

"By allowing them hands-on experience in cutting edge technology in demand by the industry, I hope that they will be inspired to continue innovating and to develop out-of-the-box products to further improve human living environments, both for the rural villages and the increasing urbanised cities," Dr Yeo said.


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Contact: Lester Kok
lesterkok@ntu.edu.sg
65-679-06804
Nanyang Technological University
Source:Eurekalert

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