JLK Technology Joins VentureBlick’s ‘Super Incubator’ as Inaugural Strategic Partner, Infusing Manufacturing Expertise Alongside US$1M Investment
VentureBlick , a Super Incubator specialising in medtech startups, is proud to announce a strategic partnership with JLK Technology , a leading global Contract Design and Manufacturing Organisation (CDMO). The collaboration aims to expedite the transformation of groundbreaking medtech ideas into real-word solutions.
The US$1 million investment of JLK Technology’s parent company, Lyves Hatcher, into VentureBlick Holdings marks a significant milestone, solidifying the partnership and aligning both sides towards a common objective. This commitment-backed collaboration carries tangible impact and demonstrates a deep understanding of the medtech industry.
The alliance between JLK Technology and VentureBlick is crucial for medtech innovation, as successful startups rely heavily on manufacturing using advanced technologies. This distinctive collaboration taps into VentureBlick's extensive global network of clinicians and industry experts, granting startups valuable access to funding, market insights, and customer validation. Concurrently, JLK Technology aids startups in design and development, ensuring cost-efficient manufacturing while incorporating early user feedback, thus hastening time to market. Together, they significantly impact the medtech sector by expediting the journey from concept to production.
Key highlights of this partnership include:
1.??????Smart Manufacturing Expertise: VentureBlick will offer startups comprehensive design, fabrication, prototyping, and manufacturing support under one roof, thanks to JLK Technology’s expertise and partner networks. This streamlined approach will expedite the development of visionary ideas into real-world products.
2.??????Co-Investment Opportunities: Both parties will identify and capitalise on promising investment prospects through VentureBlick’s meticulous startup selection process and early market validation with the medical community. ?Co-investing in these startups will fuel their growth and accelerate the introduction of revolutionary solutions to the market, with a higher chance of adoption from the intended end users.
3.??????Global Reach and Expertise: With JLK Technology's extensive presence across Singapore, China, India, Thailand, and Vietnam, combined with VentureBlick's presences in Singapore, Korea, India, Australia, China, USA, and Europe, startups gain a global edge. Access to resources, knowledge, and strategic guidance from VentureBlick’s Advisory Network ensures their ideas can be effectively nurtured and transformed into reality on a global scale.
Chris Lee 李希烈 , Founder & CEO of VentureBlick, expressed excitement about the partnership, stating, “VentureBlick is dedicated to identifying and nurturing high potential medtech startups in their early stages. With JLK Technology as our global CDMO partner, we have an incredible opportunity to reshape healthcare solutions and drive innovation. Their investment cements our partnership and sets the stage for a bright future together.”
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Lim Chin Hui, founder of Lyves Hatcher, said, “Joining forces with VentureBlick allows us to contribute our expertise, resources, and technological prowess to foster healthcare innovation. We look forward to being a pioneering partner of VentureBlick’s healthcare expertise, exploring new verticals within the healthcare space and helping medtech startups expand into countries beyond their home market. This partnership will boost our plans to expand our medical equipment manufacturing facilities in Singapore by end of 2023 to meeting the increasing demand of the medtech market within the region.”
About VentureBlick
VentureBlick is a Super Incubator for medtech startups, providing a fully customisable one-stop solution to build, test, and market innovations with the ultimate goal of successful exits or commercialisation. Leveraging its global advisor network, strong in-house capabilities, and specialised partners, VentureBlick streamlines the startup journey, from ideation and testing to venture building and market success.
In its pilot project, VentureBlick raised US$2.62M in angel funds for two startups from Singapore and China from its global network of angel investors. It has attracted more than 700 startups from 70 countries. Its global advisor network comprises more than 1,300 practising clinicians and healthcare industry experts from 50 countries, covering 30 specialty areas. The company is headquartered in Singapore with a presence in Australia, China, Germany, India, Korea, and USA. Join us in shaping the future of healthcare at www.ventureblick.com.
About JLK Technology
JLK Technology is a leading equipment manufacturer and systems integrator for consumer electronics, medical equipment, and automotive solutions with more than 30 years of experience. Headquartered in Singapore, JLK Technology operates ISO 13485 and ISO 9001 certified facilities in China, with a skilled team of over 350 service engineers spread across China, India, Thailand, and Vietnam. JLK currently supports medtech companies at various stages from early start ups to commercialisation and intends to offer this service to even more companies through the partnership with VentureBlick. As part of its growth strategy, JLK aims to expand its medical equipment manufacturing facilities in Singapore, China, India and Thailand to meet the increasing demand of the medtech market within the region. www.jlk-tech.com