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Local venture builder partners Enterprise Singapore on commercialisation programme

Jovi Ho
Jovi Ho10/31/2022 05:05 AM GMT+08  • 3 min read
Local venture builder partners Enterprise Singapore on commercialisation programme
As part of Startup SG Accelerator, SDTA will run a nine-month “venture building” programme targeted at experienced founders.
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Venture builder Singapore Deep-Tech Alliance (SDTA) has entered a partnership with Enterprise Singapore (Enterprise SG) to be part of the agency’s Startup SG Accelerator programme.

The partnership seeks to bring nascent technologies to market more quickly, says SDTA in a Oct 31 press release. It will also enable SDTA to leverage Enterprise SG’s strong network of partners to broaden ecosystem connections.

According to SDTA, this aligns with Singapore’s Research, Innovation and Enterprise (RIE2025) goals to drive technology translation and commercialisation for local enterprises.

As part of Startup SG Accelerator, SDTA will run a nine-month “venture building” programme targeted at recruiting experienced individuals.

SDTA says this programme mobilises an ecosystem of public and private partners to bring in the necessary intellectual property (IP), expertise and market demand to de-risk the commercialisation process for new ventures.

SDTA’s proprietary nine-month programme aims to help entrepreneurs bring advanced technologies to market in three phases, each structured with deliverables based on technology application research, product development, market research, team development and partnership acquisition.

See also: Ensuring consistent cashflow and managing cost are the top business priority for SMEs: DBS survey

SDTA will work with Enterprise SG to bring complementary value in partner networks to demand drivers and enablers to accelerate the product development process for venture teams.

The partnership will also focus on onboarding more Singapore-based founders to its venture building programme.

Entrepreneurs under the programme learn from leaders from Intel, Temasek, Allnex, Petronas, Siemens Healthineers, Dentsu International and A*STAR.

See also: Carsharing platform GetGo raises $20 mil investment from family-backed investment group

Ventures in the programme get to co-innovate with SDTA's line-up of Alliance Partners, consisting of multifaceted public and private sector organisations that create a complementary ecosystem. These include Avnet, Lenovo, Micron, OMRON, Panasonic, TÜV SÜD and Ultra-Clean Technologies.

Successful graduate ventures from SDTA’s 2022 venture building programme include WaveAI, Reality Studio and Aprisium Pte Ltd, which have since commercialised advanced technologies in the urban solutions and sustainability, medtech and edtech spaces respectively.

Clara Chen, co-founding managing partner of SDTA, says: “Together with Enterprise SG and our expert alliance partners, we look forward to continuing to build more deep tech ventures to solve sustainability concerns for our future, and especially bringing to market innovations that target Scope 3 emissions of corporations.”

Luuk Eliens, co-founding managing partner of SDTA, adds: “The partnership also provides the opportunity to expand our ventures’ connections to a wider ecosystem, bringing sustainable solutions to businesses globally through Startup SG.”

Tan Boon Kim, executive director (startup and innovation) of EnterpriseSG, says: “Venture builders bring immense value to Singapore’s startup ecosystem because of their ability to attract investors and talent to solve market problems at an accelerated rate. They are key to maintaining Singapore’s position as the global-Asia node where deep tech startups can anchor themselves in order to grow into the region and beyond.”

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