Origgin Unveils $23M Second Fund to Back Asian Deep Tech Spin-Offs

Singapore’s Origgin Capital has unveiled its second fund, Origgin Capital Fund 2, targeting S$30 million (US$23 million). The new fund will co-create and support promising spin-offs from top universities and research institutes across Asia, with the goal of turning academic breakthroughs into market-ready ventures.

Origgin Capital Fund 2, building on the momentum of its debut fund, will offer pre-seed backing to early-stage deep tech ventures across medtech, sustainability, advanced engineering, and information and communication technologies (ICT). By collaborating with universities, research institutes, corporates, and government bodies, the firm aims to nurture up to 50 startups and transform cutting-edge innovations into scalable solutions with global reach.

The new fund aims to support up to 50 early-stage startups in key sectors. By targeting university and research institute spin-offs, Origgin Capital seeks to turn academic innovations into market-ready solutions with strong commercial potential.

To expand market access for its portfolio companies, Origgin Capital has partnered with Jinan Xianxing (Singapore) and Tsinghua Technology Ventures, the investment arm of TusStar. This collaboration provides startups with direct entry into China, leveraging a vast industrial base, comprehensive supply chains, and an extensive innovation ecosystem to accelerate localization and scaling.

TusStar operates more than 150 incubation bases across China and has incubated over 10,000 enterprises, with 41 companies successfully listed. Through this network, Origgin-backed startups will gain access to customers, talent, and capital, significantly improving their chances of regional and global success.

Clarence Tan, Founder and Managing Partner of Origgin Capital, said the fund represents the firm’s commitment to bridging the gap between the lab and industry. “Our partnership with Jinan Xianxing and TusStar gives our startups a unique advantage — access to China’s market, talent, capital, and a proven innovation ecosystem with a strong track record of scaling companies to success,” he said.

Origgin Ventures, the parent company of Origgin Capital, specializes in deep tech venture creation through its Venture Co-Creation framework. The model combines breakthrough research and intellectual property with Origgin’s venture-building team, corporate partners, and early market access, increasing the success rate of transforming academic research into scalable businesses.

Origgin Capital Fund 2 will tap into its network spanning China, Japan, Malaysia, Thailand, and Singapore to create cross-border commercialization pathways for its portfolio companies. This regional ecosystem strengthens Origgin’s ability to develop impactful ventures, tackle global challenges, and highlight Asia’s expanding influence in the deep tech sector.