01 May 2019
In partnership with NUS Enterprise through LLP Singapore, Cap Vista launched the inaugural Cap Vista LLP programme
In partnership with NUS Enterprise through LLP Singapore, Cap Vista launched the inaugural Cap Vista LLP programme this year to facilitate spin-off innovations around technologies researched at the IHLs, and create a community of interest that facilitates collaboration among defence, academia, and the venture capitalist ecosystem partners. The programme commenced on 24 August 2018, with six multi-disciplinary teams from various IHLs including the National University of Singapore, Nanyang Technological University and the Singapore University of Technology and Design (SUTD).
At the programme’s final presentation on 29 October 2018, then CEO Cap Vista Nga Chee Wei shared the organisation’s vision to create and deliver greater value to Singapore’s defence and security through tapping technologies and fostering collaboration. He also highlighted that programmes like LLP would create more technological fruition for DSTA and MINDEF.
Cap Vista’s Head of Investment Roger Liew, who had initiated the programme, shared his motivation behind kickstarting this programme: “Beyond start-up investments, I believe we can further value-add to MINDEF, DSTA and Singapore’s wider start-up ecosystem by co-creating defence-related start-ups. I am heartened by the overwhelming support from our partners in making this programme a success, and will continue our efforts to create and support innovative deep-tech start-ups relevant for our defence ecosystem.” Right from the start, the participating teams got busy with developing and testing their business model hypotheses rapidly in real markets through direct engagements with potential customers, users, and market influencers, including competitors. As part of their market segment discovery process, the teams conducted interviews to hear from potential customers their underlying pain points and discover unmet needs. From the interview responses, the teams were able to develop viable solutions to addressing the core problem.
The final presentation day culminated in a showcase, where each team was given five minutes to introduce its project. The teams also engaged the panel of judges and audience members in a question and answer session that followed. The panel comprised Chee Wei; Senior Director of NUS Entrepreneurship Centre and NUS Enterprise and Lead Instructor of LLP Singapore Professor Wong Poh Kam; Emeritus of UC Berkeley Professor Jerome Engel; SUTD Adjunct Associate Professor Foo Kim Peng; Technology Partner of Antler Bjorn Lindfors; Investment Manager of Wavemaker Partner Harold Au; and Deputy Head of Investments of Heliconia Capital Soo Ming Jern. In his closing remarks, Chee Wei emphasised that the way forward is to leverage private capital to accelerate technology development with commercial value that could meet our unique defence and security needs. He also encouraged technopreneurs to be forthcoming and engage Cap Vista with their inventive technologies.