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Corporate Venture Launchpad 3.0

Empowering corporate innovation through venture creation and startup partnerships

EDB is the catalyst for the vibrant corporate venturing community in Singapore. Since the launch of the Corporate Venture Launchpad (CVL) in 2021, we have been the trusted partner for companies to grow beyond their core businesses by building new, exciting ventures.

Now in its third edition, CVL 3.0 features support for two critical modes of corporate venturing – venture creation and startup partnerships. Support is complemented by our appointed Venture Studio and Open Innovation (OI) partners.

CVL 3.0 is for companies looking to unlock greater corporate innovation from Singapore

The programme supports multinational companies, large local enterprises, regional family businesses and high growth companies in Singapore to drive venture creation and startup partnerships.

Hear from companies who have been through the CVL Programme

Ventures Made Possible is a video series spotlighting the corporate venturing journeys of companies from our community.

Ep 1: Why is Corporate Venturing A C-Suite's Priority

Hear from C-suites who have personally driven corporate venturing and why it is essential for innovation and growth.

Ep 1: Why is Corporate Venturing A C-Suite's Priority

Hear from C-suites who have personally driven corporate venturing and why it is essential for innovation and growth.

Ep 2: What Exactly Is A Venture Building Sprint

Find out how venture building methodologies are used to develop ideas into investible business plans.

Ep 2: What Exactly Is A Venture Building Sprint

Find out how venture building methodologies are used to develop ideas into investible business plans.

Ep 3: Management Sponsorship In Venture Building Sprints

Aligning the right sprint board members as sponsors is critical to setting up a venture building sprint for success.

Ep 3: Management Sponsorship In Venture Building Sprints

Aligning the right sprint board members as sponsors is critical to setting up a venture building sprint for success.

Continue with the full series here.

For more on corporate venturing and why it should be companies’ new growth priority, visit here.

Appointed partners

Our CVL 3.0 partners specialise in supporting companies in their venture creation and corporate-startup partnership journeys. Each partner brings its unique version of capability building offerings, methodologies, people and resources.

9 partners have been appointed by EDB New Ventures to be part of CVL 3.0. Companies can now choose from this diverse and proven pool of partners, depending on the mode of corporate venturing you wish to undertake.

Full details of eligibility criteria, programme conditions and deliverables are available through any of the appointed Venture Studio and OI partners.
Each appointed Venture Studio or OI partner may have additional requirements depending on their methodologies for ensuring successful concept validation sprints or startup partnerships.
Interested companies should discuss this with an appointed Venture Studio or OI partner to find out more and assess best fit.

Application criteria & process

Eligibility

Company profile

Established corporates, regional businesses and high-growth companies with significant revenues or market capitalisation.
Companies that have Singapore operations, with clear mandates for new venture creation or startup collaboration, and demonstrate commitment to corporate venturing.

Startup partnerships

Corporate commitment to address meaningful problem statements via startup partnerships, as well as willingness to establish processes and capabilities to facilitate effective startup partnerships.
Startup partnership scope must unlock advantages for both corporates and startups, where corporates could serve as an end customer, Go-To-Market partner, or manufacturing partner to startups.

Venture creation

Venture concept addressing a large opportunity space in any sector, with the aim of creating new revenues outside of the parent company’s existing core business. Venture needs to have strong breakthrough potential and ability to leverage the company’s assets and resources.
Venture concept must be sufficiently differentiated from any previously supported ventures / projects by the EDB.

Key programme conditions and deliverables

Startup partnerships

Participating companies will be required to have dedicated resources to drive startup partnerships.
In collaboration with the OI partner, participating companies must provide adequate C-level attention towards supporting the enhancement of processes and capabilities for driving effective startup partnerships, and to commit to signing pilot agreements with startups.

Venture creation

Participating companies will be required to dedicate full-time employees to be the venture lead (and other members as relevant) of the sprint team, provide adequate C-level attention towards supporting the sprint team and commitment for resourcing the setup of the venture upon successful concept validation.
Any venture launched from the Corporate Venture Launchpad shall be headquartered in Singapore.

Application process

1

Programme application confirmation and kick-off

Submit your programme application to EDB New Ventures at new_ventures@edb.gov.sg
EDB New Ventures will assess your programme eligibility and work with you to refine your initial scope for success
Finalise application materials with EDB New Ventures and kick off with the validation sprint or startup partnership initiative

2

Scope your validation sprint or startup partnership initiative

Develop a draft scope for the validation sprint or startup partnership initiative, and identify the pre- and post-project support you need in collaboration with your preferred partner
Your preferred partner will work with you to refine your initial scope and application materials for success

3

Find your preferred Venture Studio or Open Innovation partner

Contact any appointed Venture Studio or Open Innovation (OI) partner to:

Find out more about each partner’s venture building or startup partnership offerings and identify a preferred partner
Discuss with your preferred partner any pre- and post-project support that you might need

View all FAQs

Interested companies may reach out to EDB New Ventures for queries, or register your interest via the form.

Subscribe to our newsletterRegister your interest

Appointed partners

Full details of eligibility criteria, programme conditions and deliverables are available through any of the appointed Venture Studio and OI partners.
Each appointed Venture Studio or OI partner may have additional requirements depending on their methodologies for ensuring successful concept validation sprints or startup partnerships.
Interested companies should discuss this with an appointed Venture Studio or OI partner to find out more and assess best fit.

Application criteria & process

Eligibility

Company profile

Established corporates, regional businesses and high-growth companies with significant revenues or market capitalisation.

Companies that have Singapore operations, with clear mandates for new venture creation or startup collaboration, and demonstrate commitment to corporate venturing.