Singapore's medical technology scene can look forward to more innovative devices reminiscent of Israel's brilliant innovation eco-system.
Medtech innovation model
"There will be the creation of a new company that will be jointly owned with an entrepreneur who comes from within the system," said Trendlines Group Chairman Todd Dollinger at the MOU ceremony.
"I am not ashamed to say we are high-risk investors. So, we want to make sure we have an honest understanding of the risks and opportunities ahead of us.
- Todd Dollinger
Chairman and CEO
The Trendlines Group
"Our most common business model is to identify a need and establish a new company after proper due diligence has been done. We are very focused on doing things quickly.
"But there is one thing we are slow in -- making initial investment decisions.
"We have to work with our partners in an open way with complete integrity. Together, we evaluate the opportunity and the risk.
"After that, everything is about how fast you can go.
"When you start dealing with patients, the speed changes again because you have to make sure everything is done with full patient understanding. Everyone involved has to place the patients' safety at the forefront.
"Next comes the product development period. [At this stage], it is okay to break things and find the way to fix them," he said.
|Medtech projects identified|
Under the MOU, NHG, through its clinicians and healthcare professionals, will identify key problem statements and unmet clinical needs, while Trendlines Singapore and its affiliated companies will develop innovative solutions to address these needs.
Strong partner in NHG
National Health Group is very eager to look for innovative solutions. We look at how end-solutions that meet unmet clinical needs can be monetized.
- Eric Loh
Trendlines Medical Singapore
"When we started our operations in Singapore in February, our intention was to look for good technology and good ideas that can be spun off into commercially successful products.
"We had been looking for these projects from our local universities, research institutes, and hospitals.
"National Health Group has a very strong team that is very eager to look for innovative solutions to benefit the patient.
"This is exactly what we need when we look for companies," said Trendlines Singapore CEO Eric Loh at the MOU signing ceremony.
For the 3QFY2017 financial results of The Trendlines Group Ltd, click here.