What is required to translate a technology innovation into a commercially viable product or service?
OBJECTIVES & PEDAGOGY DESIGN
Unlike the traditional structure of lectures and case studies, the pedagogy of Lean LaunchPad Singapore promotes experiential learning through the search and discovery process and cultivates entrepreneurial thinking.
Each team is anchored around a proprietary technology with a real opportunity to convert it into an exciting investable business. After 10 weeks, teams will graduate with a clearer sense of how to develop their technologies into commercial products and identify concrete commercialisation pathways forward.
WHAT WILL TEAMS LEARN?
The curriculum is centered on the key principles of the Lean methodology:
Teams are grouped into 3 technology domain tracks:
Professors / Inventors / Principal Investigators (PI) may submit a technology project and appoint a post-doc as the Entrepreneurial Lead (EL) of the innovation team. He/she would typically be a senior researcher working with the PI on the technology and who possesses the knowledge and passion to lead and commercialise the project. The team may include PhD students, research engineers or research assistants as technical members.
Lean LaunchPad Singapore will bring the necessary business human resource into technology teams.
By joining the programme, the research team will be expanded with business talent in additional ELs who may be MBA students, entrepreneurs, individuals with business experience, and including an industry mentor who brings relevant experience, business acumen and industry contacts.
Teams will move forward in different pathways depending on the strategic options determined for technology commercialisation. Based on the gaps identified during the course, post-LLP support could include assistance in one or more of the following programmes to move their technology commercialisation aspirations forward:
- MVP Development Support
- Further Customer Discovery & Market Validation Overseas
- Proof of Concept and Translational Development Grants Application
- Intellectual Property (IP) Licensing & Marketing Strategy
- Start-Up Business Plan Writing
- Start-Up Business Development Advisory & Mentoring
- Pitching and Presentation Skills Training
- Fund Raising
NUS MVP Studio:
Projects may consult with the MVP Studio to develop their Minimum Viable Products (MVPs). The first and only such facility in Singapore, the studio has helped LLP project teams in the productization of their technologies, in designing low-cost MVPs to test and further validate these ideas in the market.