Business Founder for Non-destructive Testing Venture
2 weeks ago
[Important: This is not a job posting. This is an opportunity to create and build your own deep-tech company in Singapore, backed by funding and mentorship from Singapore Deep-Tech Alliance, a deep-tech venture builder.]
Singapore Deep-Tech Alliance empowers founders to rapidly build, validate, and scale ClimateTech startups from technologies designed for the Energy, Healthcare, Manufacturing, and Semiconductor industries through a public-private partnership with Corporates, Investors, Research Institutions, and Government and Regulatory Agencies.
The Alliance comprises Corporate Partners including Allnex, Avnet, IMI, Lenovo, Micron, Norgren, Omron, Panasonic, TÜV SÜD and Zuellig Pharma; Research Partners including A*STAR, NUS, NTU, SUTD, A*StartCentral and NHIC; government and regulatory agencies including Enterprise Singapore and PUB.
Join us to build world-changing companies that solve societal challenges today.
Application deadline: 31 January 2025 (applications are assessed on a rolling basis)
[Important: This is not a job posting. This is an opportunity for founders to venture build for equity, and does not constitute employment with SDTA.]
Refer to Programme Introduction and Programme FAQs for more details before applying.
The Role
About the Venture
Acoustic Shearography
Acoustic shearography is an advanced non-destructive testing (NDT) technology that uses coherent laser light to rapidly and thoroughly inspect metallic and composite materials. It offers high-speed, deep detection of defects, making it ideal for large structures and high-volume product inspections. Developed to improve speed and efficiency in manufacturing, acoustic shearography outperforms traditional methods with inspection speeds over 100 times faster than ultrasound and detection depths up to 30mm in carbon fiber-reinforced polymer (CFRP) and 100mm in metals.
Cost-effective and capable of real-time defect visualisation, this technology is well-positioned for commercialization. The technology is sourced from one of our RI partners and stands at TRL 5, with a working prototype available.
The global NDT market was valued at USD 18 billion in 2023, forecasted to grow significantly at a CAGR of 7.6% until 2030, with acoustic shearography set to capture a substantial share due to its innovative capabilities and strong market potential.
CEO & Co-founder Requirements
You are an excellent big-picture thinker who is deliberate and does not get impatient dealing with details, as you believe the devil is in the details. You are also practical and hands-on as you drive the team towards growth, leveraging your extensive network and resources to bring new solutions to market.
Ideally, you would be a domain expert in non-destructive testing with at least 10 years of work experience and your last role in a management capacity. Bonus points if you have had both corporate and startup experiences.
You are expected to…
- Excel at strategic thinking in order to identify opportunities and make business decisions that ensure long-term success and growth.
- Be acquainted with sound corporate governance structures.
- Conduct market research and analyse trends and data to make well-informed business decisions.
- Take an active role in product development, making both high-level and minute decisions before you go to market.
- Successfully promote your products before they go to market, build anticipation and create demand.
- Excel at recruiting, hiring and retaining talented and dedicated staff members who can help bring the founding team’s vision to life.
- Have a solid grasp of financial planning and forecasting, and should be able to set milestones and budgets to ensure solvency and long-term growth.
Skills: Sales, Business Development, Fundraising, Strategy, Partnerships and Leadership
Ideal Profile
- Leadership experience in relevant domains: advanced manufacturing, non-destructive testing.
- Entrepreneurial experience with early-stage advanced manufacturing ventures.
- Familiarity with navigating regulatory and grant funding pathways.
- Track record in market validation, B2B customer acquisition, and scaling testing solutions.
- Experience in developing a go-to-market strategy and partnerships with advanced manufacturing stakeholders.
- Experience in fundraising and financial management.
- Candidates who only fulfil some of these criteria will still be considered.
What's on Offer?
- Join as a co-founder of our venture based on world-class technologies (TRL 5+) from our Research Partners, with SDTA’s pre-validation of commercial applications and market opportunities.
- Founders can expect to receive technology support from lead researchers and access to business units in leading multinationals who have committed to support proof-of-concept and pilot projects with SDTA. This includes prototyping, productisation, dis
- You and your co-founders will earn 80% ownership of the venture.
- Access to investment, market access, coaching and mentorship through the Alliance’s network of investors, advisors, mentors and alumni.
- Access to other resources like grants and co-working spaces to support the venture development.
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