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. By encouraging the team to “get out of the building” to test and validate their assumptions on how their invention can solve user problems and make money, the programme helps participants understand the critical success factors for commercialisation through an evidence-based validation process.
WHAT WILL TEAMS LEARN?
The curriculum is centered on the key principles of the Lean methodology.
It emphasises rapid, iterative and low-cost experiential learning, with participants focusing on discovering customer problems that their technology can best solve, and exploring the right business model to deliver their solutions.
As the central node of the national programme, NUS Enterprise will train new satellite nodes to be established in Nanyang Technological University (NTU), Singapore University of Technology & Design (SUTD) and Singapore Management University (SMU). Each of these partner institutions will conduct the programme within their campus and enable more teams to participate.
Teams are grouped by technology domain tracks, with each track facilitated by a programme instructor experienced in the domain.
Each track will accommodate only up to 8 teams.
Programme tracks include:
Thematic tracks provide in-depth subject focus and industry mentors or subject matter experts in the relevant fields.
During the pilot phase, thematic programmes conducted with partners in industry verticals have included:
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Coming Soon in 2018! Satellite programme tracks and new thematic 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.
Based on the market evidence gathered and gaps identified during the 10-week run, teams may move forward in different pathways depending on the strategic options determined for technology commercialisation.
A national LLP Steering Committee will evaluate the commercialisation pathways proposed by teams and assess the teams for the International Market Validation Grant in joint consultation with the respective participating institutes.
Teams will transition to their Innovation & Enterprise Offices (IEOs) to move their aspirations forward with assistance in one or more of the following programmes established in the Institutes of Higher Learning that may include:
- Technology licensing & marketing services
- Downstream follow-on facilities for translation / prototyping support
- Incubation support for startup development and mentoring
- Further grant or funding application including the LLP International Market Validation grant
NUS MVP Studio:
Teams 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 Singapore project teams in the productisation of their technologies, in designing low-cost MVPs to test and further validate these ideas in the market.