Stryber is thrilled to be appointed as one of the venture studios participating in the Corporate Venture Launchpad (CVL) programme 2.0 by the Economic Development Board (EDB) of Singapore. This appointment is a significant milestone for the growing team and will provide co-funding opportunities for companies looking to expand their ventures in Singapore.
July 26, 2023
We are proud to announce that we have been appointed as a venture studio of the Corporate Venture Launchpad 2.0 (“CVL 2.0”) by the Economic Development Board (EDB) of Singapore. The appointment marks an important milestone for our growing team’s impact on creating sustainable growth and new business opportunities with clients in APAC and beyond.
Since 2016, we have successfully built numerous ventures and venture studios (also known as venture engines, startup factories) through our build-operate-transfer model for leading multinationals, family businesses and sovereign wealth funds all over Europe, the Middle East, and APAC.
Our unique data-driven approach de-risks every step of the venture building funnel and supports internal capability building for our clients. Our services are modular and designed to support different stages of our client's innovation journey. From the creation of venture engines (alongside strategy and operational processes required) to scaling up successful ventures, Stryber focuses on creating long lasting impact through building up internal capabilities for our clients.
EDB aims to further catalyze the corporate venturing movement in Singapore with the ultimate goal to grow Singapore-based corporate ventures that can scale to become future globally-leading businesses. The CVL 2.0 programme aims to support established corporates, regional family businesses, and high growth companies with Singapore-based operations in order to build new ventures quickly and effectively, create new growth and revenue streams, so as to keep ahead of disruption through building new ventures with innovative products, services and business models.
Companies that wish to participate in the programme have the opportunity to work with Stryber, who will help them leverage their greatest assets while bringing in top-notch venture-building experience, methodologies and multidisciplinary talent. Businesses looking to generate, validate, and test new ideas with Stryber in this programme could be eligible for a 50% co-funding by EDB (up to S$500,000) per validation sprint. In addition, high-potential projects that have successfully completed the validation sprint may potentially be eligible for a 30% co-funding by EDB (up to S$500,000) to build and launch the venture. Potential follow-on co-investment and value creation support by EDB may also be unlocked for promising ventures launched from this programme.