Golden Equator, a group of companies spanning investment, consulting and the SPECTRUM technology and innovation business club, has launched the Korea-Singapore Healthcare Incubator in partnership with Korean regulatory and clinical research provider C&R Healthcare Global (C&R).
The incubator will help 10-15 Korean companies expand into Singapore and Southeast Asia over the next few months. It will be based at SPECTRUM’s business club in DUO Tower near Singapore’s central business district.
C&R will identify and financially support Korean companies operating in medical devices, medical technology, cosmetics and cosmeceuticals. Golden Equator will provide the companies a suite of services, including access to investors and business partners, advisory and commercialisation insights, and regional expansion and market entry strategies.
This initiative between Golden Equator and C&R is developed through SPECTRUM, a business club spanning multiple sectors that include finance, lifestyle, education, healthcare, infrastructure and energy and connects investors, corporations, institutions, and startups to a wide network of members and partners both locally and globally. Available resources include deal flow and investment opportunities, and strategic services such as business and digital consulting.
Referring to the Korea-Singapore Healthcare Incubator, Cheryl Lee, CEO and co-founder of SPECTRUM, said, “As the first of many such initiatives, SPECTRUM will be working hard to expand our partnerships with governments, investors and the private sector to enable firms from a wide variety of sectors to internationalise out of and into Southeast Asia. Singapore’s first multi-vertical technology and innovation business club – SPECTRUM – provides companies with a new way of matching ideas and strategies with funding and market access.”
She adds, “By directly connecting and supporting public and private sector players with the best infrastructure to research, innovate, and commercialise technology effectively, one of SPECTRUM’s main goals is to help Singapore drive innovation at the national level, and harness the potential of the smart economy.”