In a bid to accelerate sustainable development and foster deep-tech innovation, the Singapore Deep-Tech Alliance (SDTA) has unveiled its revamped venture-building programme for the SDTA24 Cohort at the Sustainable Innovation Asia 2023 event. As a solutions-focused venture builder, SDTA aims to unlock deep-tech solutions that advance the global Sustainable Development Goals, bringing together public and private sector stakeholders from the innovation ecosystem.
The Sustainable Innovation Asia 2023 event serves as a platform for SDTA’s Alliance Partners, Founders, and thought leaders in the deep-tech venture ecosystem to collaborate and gain valuable insights. The event promises to be a catalyst for sparking new ideas and driving progress in sustainable development. With Platinum Sponsors such as Lenovo Singapore and Advanced Micro Devices (AMD), and Silver Sponsors including Allnex, Avnet, and CATAPULT, the event is set to attract hundreds of participants dedicated to driving positive change.
The newly revamped venture-building programme by SDTA will span nine months, offering entrepreneurs a structured approach to bringing their advanced technologies to market. Divided into three phases, the programme focuses on founder team formation, technology commercialisation, customer validation, product development, and business building. SDTA’s Senior Advisory Board, comprising experienced leaders from various industries, will provide mentorship and strategic insights to the participating ventures.
One of the key highlights of SDTA’s initiative is the launch of five new Venture Tracks: Manufacturing, Semiconductor, Healthcare, Energy, and ClimateTech. By establishing these tracks, SDTA aims to enhance partnerships and gain a deeper understanding of industry needs, best practices, and competitive advantages. This strategic approach will enable SDTA to address societal challenges by building deep-tech ventures in Singapore.
To facilitate tangible collaborations and strengthen public-private partnerships, SDTA has introduced four collaboration models with its Alliance Partners:
- New Venture Creation: SDTA and its Alliance Partner identify a novel idea or opportunity area for founders to build a new venture.
- Joint Go-to-Market: Alliance Partners leverage their existing technology stack to jointly develop and market novel solutions with new ventures.
- Be the Exclusive Launch Customer: Alliance Partners co-develop prototypes or products with new ventures, becoming industry pioneers in adopting innovative solutions.
- IP Licensing: Alliance Partners license and commercialize their protected technologies to new ventures in exchange for royalties, licensing fees, or equity.
Through these collaboration models, SDTA ventures will gain access to valuable technology, business expertise, and industry networks, accelerating their innovation and growth strategies. Furthermore, SDTA offers the opportunity for investment from Alliance Partners and end-to-end guidance in taking advanced technologies from the lab to the market.
SDTA’s growing network of Alliance Partners includes corporations such as Allnex, Dentsu Singapore, Micron Technology, Norgren, Zuellig Pharma, and Panasonic R&D Center Singapore. SDTA has already established partnerships with TÜV SÜD, OMRON Asia Pacific, Lenovo Singapore, Avnet, and Sunningdale Technologies.
If you are a corporation interested in collaborating across the new SDTA24 venture tracks, you can join SDTA’s industry network as an Alliance Partner and adopt one of the collaboration models. For entrepreneurs passionate about Climate Tech in the Manufacturing, Semiconductor, Healthcare, and Energy industries, applications for the SDTA24 Cohort are open until August 1, 2023. More details and the application form can be found at https://sdta.sg/application-form.
SDTA’s revamped venture building programme and its emphasis on collaboration, expertise, and strategic partnerships will undoubtedly pave the way for transformative deep-tech solutions that contribute to a sustainable and prosperous future. As the world faces pressing challenges, initiatives like SDTA’s serve as beacons of hope, unlocking the potential of deep-tech to fast-track the achievement of the global Sustainable Development Goals.