Sustainability-focused deep-tech venture builder, Singapore Deep-Tech Alliance (SDTA) has on Monday announced the launch of its revamped venture building program for its third cohort at the annual Sustainable Innovation Asia 2023.
The solutions-oriented flagship event of SDTA will convene public and private sector stakeholders from the innovation ecosystem to accelerate the progress for sustainable development with the aim of “Unlocking Deep-Tech to Fast-Track the Global Goals”, SDTA said in a statement.
According to the statement, hundreds of participants will attend, bringing together the brightest minds to gather and unlock deep-tech solutions that advance the global Sustainable Development Goals.
“We are pleased that the Sustainable Innovation Asia is back again in 2023. It is a synergistic platform for our Alliance Partners, Founders and thought-leaders within the deep-tech venture ecosystem to spark new ideas and gain valuable insights,” said Clara Chen, Co-Founding Managing Partner, Commercial Office at SDTA.
According to her, there will be many opportunities for founders and partners to come together and collaborate as the firm announces the new developments in its venture building program.
“We are excited to build on the success of the inaugural Sustainable Innovation Asia as the culmination to our pilot cohort and continue our efforts to foster a thriving ecosystem for deep-tech ventures,” she added.
According to the statement, SDTA’s deep-tech venture building program will return for the third year to help entrepreneurs bring advanced technologies to market in three phases, each structured with deliverables based on founder team formation, technology commercialization, customer validation, product development and business building.
The nine-month program for the SDTA24 Cohort will be segmented by new venture tracks created for its program, mentorship from SDTA’s Senior Advisory Board and access to market through key Alliance Partners signed up with SDTA across various collaboration models.
Participating ventures will have greater and deeper access to a more vibrant ecosystem and connect with key Research Institutions through technology matching, as well as receive additional guidance for their proof-of-concept project scoping and business-building activities from industry experts.
It is noted that SDTA is committed to addressing societal challenges by building deep-tech ventures in Singapore.
The firm is doing so by launching five new Venture Tracks: Manufacturing, Semiconductor, Healthcare, and Energy verticals, with the ClimateTech horizontal spanning across the four verticals.
This includes enhancing partnerships with entrepreneurs within these tracks and achieving a greater level of understanding of industry business needs, best practices and competitive advantages.
Alongside the launch of the new ClimateTech Venture Tracks and its specific industries, SDTA has also announced its newly appointed Senior Advisory Board comprising experienced leaders within their respective fields, bringing decades of experience and a wealth of expertise to provide strategic insights, network and thought-leadership perspectives.
The Senior Advisory Board will provide expert guidance and insight on matters from their respective verticals and strategic partnerships to future cohorts.
“The establishment of our advisory board marks a significant milestone for SDTA, highlighting the strong confidence from the private sector in the value of our work,
“With these accomplished advisors on board, we are poised to strengthen SDTA ventures, expand corporate partnerships, and collectively de-risk co-innovation efforts for a transformative impact from Singapore to the world.” said Luuk Eliens, Co-Founding Managing Partner, Program Office at SDTA.
It is noted Four key collaboration models with Alliance Partners will be launched by SDTA to enable tangible and results-driven collaborations to further enhance public-private-partnership models.
Ventures will continue to be able to leverage technology, business and industry expertise from Alliance Partners to accelerate their innovation and growth strategies through these models.
These four collaboration models include:
New Venture Creation: A novel idea or opportunity area is identified by SDTA and its Alliance Partner, from which to scope a use case that founders will build into a new venture.
Joint Go-to-Market: Leverage Alliance Partner’s existing technology stack to build novel solutions and jointly go to market with a new venture.
Be the Exclusive Launch Customer: Co-develop prototypes or productise with a new venture and be the first in the industry to adopt novel solutions to improve operational efficiency and gain a competitive edge.
IP Licensing: Licensing and commercialisation of Alliance Partner’s protected technologies to a new venture in exchange for royalties, licensing fees or equity in the venture.
Across all four models, SDTA ventures will have the opportunity to receive investment from Alliance Partners and be guided through the end-to-end process of taking an advanced technology from lab to market.
In 2023, new Alliance Partners include Allnex, Dentsu Singapore, Micron Technology, Norgren, Zuellig Pharma and Panasonic research and development (R&D) Center Singapore.
Current partnerships have already been established by SDTA with TÜV SÜD, OMRON Asia Pacific, Lenovo Singapore, Avnet and Sunningdale Technologies.