Cambridge Consultants and Singapore incubation firm Clearbridge Accelerator have created a one-stop resource for medical technology startups in the ‘gateway to Asia’ region.
The objective is to fast-track the commercialisation of innovative ideas, ranging from breakthrough diagnostic and surgical technology to cutting-edge connected devices at the Singapore-based hothouse.
Cambridge Consultants, which is growing its presence in the UK, US and Asia, is providing product development services – acting as a virtual R & D centre to accelerate the transformation of ideas into products on the market.
Clearbridge is offering mentorship by seasoned entrepreneurs and advice on strategic, regulatory and operational issues. It is also providing financial guidance and access to funding across the whole spectrum, from seed/series A funding all the way to pre-IPO financing.
The pre-IPO financing is being done through CapBridge – a private institutional venture exchange formed as a partnership between Clearbridge Accelerator and Singapore Exchange to assist high-growth companies globally.
Some of the biggest hurdles faced by medical technology startups are the availability of funding and ready access to product development and regulatory expertise to convert an innovative idea into a commercial product ready for the market.
“Our extensive track record of world-class product development enables us to offer a rapid, reliable route to convert early-stage technology into ready-for-market solutions,” said Dr Miles Upton, Asia general manager at Cambridge Consultants.
“For more than 50 years we have worked with innovative startups that want to change the status quo fast – helping them create world firsts that deliver real value. This collaboration will give new companies in the region a fast track to vital competitive edge.
“We have all the in-house skills needed to help clients take an innovative concept right the way through to manufacturing of a commercial product. Our bespoke teams of experts – in everything from human factors and industrial design to electronics, software, signal processing and algorithms – specialise in tackling tough challenges and helping clients achieve the seemingly impossible.”
Clearbridge Accelerator invests in game-changing technology companies with a focus on healthcare. It has a strong track record of leading early-stage investments, partnering with visionary entrepreneurs and world-leading institutions.
Its team consists of serial entrepreneurs with deep domain expertise, extensive networks and operational experience in key markets such as the US, China, Japan and Australia.
“We invest in breakthrough innovations and technologies that will have global impact and benefits,” said Johnson Chen, managing partner at Clearbridge Accelerator. “As an incubator, besides providing direct expertise and funding, we constantly find new ways to help our start-up companies succeed.
“Through our partnership with Cambridge Consultants, companies can tap into the virtual development model to de-risk product development as well as get to market quickly. We are committed to growing Asian companies globally, as well as supporting international companies entering key Asian markets.”
from Business Weekly http://ift.tt/28Zwacq