Success Stories AUN-UIE Success Stories AUN-UIE

SolanaFM

SolanaFM | SMU
Accelerating DeFi with a $6.3 M seed raise.
Born as an SMU hackathon project, SolanaFM became the go-to blockchain explorer for Solana, and was acquired by Jupiter Exchange to scale its decentralized finance stack.

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VNUHN-Holdings

VNUHN-Holdings — Launched in 2023 with funding from alumnus Đỗ Quang Hiển, this investment company is a landmark VNU initiative. It serves as a venture platform for commercializing university-born research and scaling spin-offs, strengthening the bridge between academia and enterprise.

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De Eco SR Hygiene Sdn. Bhd.

De Eco SR Hygiene Sdn. Bhd. — Founded in 2020, this USM spin-off develops sustainable hygiene products, including biodegradable sanitary pads. The company is celebrated for its innovative approach to green sanitation and has received multiple awards in eco-innovation and sustainable design.

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Bioapps Sdn. Bhd.

Bioapps Sdn. Bhd. — Founded by Prof. Dato’ Seri Ir. Dr. Noor Azuan Abu Osman, Bioapps is internationally known for high-quality, accessible orthopedic and prosthetic devices with a strong emphasis on social impact and medical innovation.

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Carousell

Carousell | NUS

Redefining secondhand shopping for millions across Southeast Asia.

Founded by alumni of the NUS Overseas Colleges (NOC) programme, Carousell grew from a student idea into one of the region’s largest online marketplaces for pre-loved goods. Its simple, mobile-first platform made buying and selling seamless, empowering communities to embrace sustainable consumption.

Carousell reached unicorn status in 2021 with a valuation of US$1.1 billion, a milestone that reflects its impact on shaping the future of circular commerce.

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Workstream

Workstream
Powering hiring for 5,000+ companies across APAC & the US.
Founded by SMU alumnus Desmond Lim, Workstream evolved from a text-based app into a full-service HR platform—now scaling out of Silicon Valley.

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