Funding & Support

Private Sector Translator (PST)

AITventures will be sourcing for promising life sciences and diagnostic technologies from Singapore as well as global private and public institutions to be licensed for commercialisation out of Singapore. It will focus on diagnostic technologies that have comparative advantage in Asian developing markets. Start-ups funded and seeded by AITventures will be able to secure further competitive grants as well as investment funding from Singapore agencies.

Nurturing and assisting local healthcare SMEs and start-ups will be another central role for AITventures. Building on in-house capabilities and a global network of consultants, AITventures will be able to provide commercialisation services to public institutions as well as start-ups in the areas of diagnostic technologies commercialisation including prototyping, clinical trials, product and process development, manufacturing and regulatory compliance.

  1. IP Evaluation and ManagementIP creation, identification, ownership and protectionScreening and in-depth assessment

    Deal-making and license agreement

  2. Business/Market AssessmentCompetitive market analysisCompetitors analysis
  3. Production Development under ISO13485Medical devices design and process developmentProduct insert and label design

    Package design

  4. Product Validation using Clinical SamplesClinical validationSensitivity and limit of detection

    Specificity and cross reactivity

    Repeatability and Reproducibility

  5. Regulatory Compliance and RegistrationGood Distribution Practice for Medical Devices (GDPMDS)Registration of Medical Devices with the Health Sciences Authority (HSA) Singapore

    CE Marking (Europe)

    Regulatory Requirements for Importing to Other SEA Countries

  6. Product CommercializationDesign product flyer/brochuresPlanning product launches

    Pricing and revenues analysis

    Distribution and partnership identification

    Target customer and market segmentation

    Training

  7. Business Start-up/IncubationBusiness Start up advisory and mentoringAdvisory Services on

    Registration

    Office/lab setup

    Website design

    Incubation Supports Services like Corporate/Finance/Admin supports

    Assistance in raising funds/investment