Trendlines MOU with B.Braun Featured in DealStreetAsia
Singapore: Trendlines-Braun to operate medtech incubator targeting APAC
By Shiwen Yap, DealStreetAsia (3 October 2016)
Trendlines Medical Singapore, a specialised medical technology (medtech) incubator, … has entered into a memorandum of understanding (MOU) with healthcare supplier B. Braun Melsungen, the co-founder of Trendlines Medical Singapore, who will jointly invest in the incubator and appoint members to the board of directors and investment committee. B. Braun will also give advice on market needs, and technical and commercial matters.
The firm, which will incubate early-stage healthcare ventures from across the region, has reportedly interacted with eight medtech ventures in Singapore to date.
The medtech sector is expected to grow from $88 billion in 2015 to $133 billion by 2020 in the Asia Pacific.
In an interaction with the press, the CEO of Trendlines Medical in Singapore, Eric Loh, shared: “Our model is to be an intensive investor who is hands-on with each of the start-ups we invest in. We pride ourselves in being able to work closely with the entrepreneurs, bringing them through the whole process from idea creation, and then the various aspects of business development, regulatory strategies and more.”
According to Loh, the incubator has applied for a 5000 sq ft space at start-up cluster JTC Launchpad @ one-north in Ayer Rajah.