SINGAPORE, Aug. 25, 2020 /PRNewswire/ — Nex Cubed, a leader in early-stage innovation and startup acceleration, has announced a partnership with Enterprise Singapore (ESG), the government agency championing enterprise development and startup innovation, to support Singapore digital health startups that are interested in expanding their business to the US Market.
Under the new partnership, Nex Cubed will run its Innovation Launchpad Program to support up to 16 Singapore Digital Health Startups in two cohorts. The program will focus on preparing the startups for US market entry.
“This program is part of Nex Cubed’s commitment to provide companies from outside the US with the tools, resources, and knowledge required to successfully and affordably scale their business into the US Market,” said Nex Cubed CEO, Marlon Evans. “Through our partnership with Enterprise Singapore, we are strengthening the digital health ecosystem as a whole and helping to build the world’s greatest companies.”
Audrey Lok, Director for Healthcare and Biomedical at Enterprise Singapore, said, “Singapore has a vibrant startup ecosystem backed by strong clinical and R&D infrastructure. COVID-19 has underscored the importance of continued innovations and the value of enterprises coming together to solve healthcare problems. I am confident that this partnership with Nex Cubed will not only add to the vibrancy of the Singapore health tech scene, but also strengthen the innovation partnerships between Singapore and the US. Together, we hope to leverage our collective strengths to bring life-changing digital health solutions to the world.”
As part of the three-week virtual acceleration program, selected startups will undergo a series of workshops to learn how to navigate the highly complex and regulated healthcare industry in the US. They will also have the opportunity to engage key stakeholders including providers, payers, and policymakers. In addition to group sessions, each startup will be assigned a dedicated advisor who will help them formulate their US Go-to-Market Strategy, which they will have the opportunity to validate via virtual customer and investor meetings.
“Nex Cubed has created a distinguished 17-member Advisory Team that is embedded with the accelerator companies and works with founders on a daily basis. We have also assembled a 51-member Digital Health Investor Advisory Board that is comprised of Tier 1 angel, institutional, and corporate investors from around the world,” said Daniel Haders II, Ph.D., Managing Director of Digital Health at Nex Cubed. “Our team is eager to meet the companies and get to work on achieving the key milestones necessary to reach the next level.”
We are now accepting applications for the first cohort which will take place from November 2, 2020 through November 20, 2020. To learn more about the program, please visit the Nex Cubed-Enterprise Singapore Webpage.
For startups interested in the program, be sure to read our blog post on why early-stage companies from outside the US should consider an accelerator before entering the US Market for benefits, things to watch out for, and what to prepare. Click here to learn more about our International Programs.
About Nex Cubed
Nex Cubed is an investor and innovation partner that empowers startups, investors, corporates, and governments from around the world to bring new technologies to market, helps rising companies scale, and provides paths to liquidity – the power of three.
Through our global innovation platform that includes Sway Ventures (VC) & Material Capital Partners (private equity), we innovate, invest in, accelerate, and scale frontier tech companies. We accomplish this by developing Centers of Excellence (COE) around key industry verticals that are ripe for innovation. Each COE consists of best in class entrepreneurs, investment partners, industry experts, and government leaders.
Over the last three years, Nex Cubed has established itself as a leader in early-stage innovation and acceleration, creating a global ecosystem of 3 industry-specific COEs, 73 investments, 45 partners, 50 strategic advisors, 50 investor advisors, and over 140 mentors. To date, the Nex Cubed portfolio companies have an aggregate value of half a billion dollars, and over 50% of the startups are led by female and minority founders.
Since 2017, Nex Cubed has established itself as a leader in Digital Health, becoming one of the most active Digital Health Investors in the U.S., recognized as a top 10 Digital Health Accelerator in the world, and recently selected five new companies to participate in its 2020 Digital Health Accelerator Program.
Visit https://nex3.com/ to learn more.
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