SINGAPORE, Sept 24, 2021 – (ACN Newswire) – ACROMEC Limited (ACROMEC; SGX: 43 F), a professional engineering providers, revealed that subsidiary ACROMEC Engineers Pte Ltd (ACROMEC Engineers) through joint-venture partner Life Science Incubator Pte Ltd, has actually introduced the very first Life Science Incubator co-working lab area, with an event on place at the German Centre, International Business Plaza, Singapore.
The event was gone to by Mr Alvin Tan, Minister of State, Ministry of Culture, Community and Youth and Ministry of Trade & Industry and others from the Economic Development Board, Enterprise Singapore, SGInnovate, A STAR, NTUitiv and NUS accelerator. Members of Life Science Incubator’s existing network of some 20 market partners, consisting of Merck, likewise participated in the occasion.
Serving early-stage bio and pharma start-ups, business and business owners in the MedTech, Biotech, Biopharma and FoodTech sectors, Life Science Incubator will offer versatile co-working lab areas for research study and advancement. With access to common advanced innovations and centers, start-ups will have the ability to totally concentrate on development and skill in science without needing to think of significant facilities capital.
Said Niamh Madden, General Manager of Life Science Incubator, “Today marks the start of our amazing journey at the Life Science Incubator. We eagerly anticipate supporting science and innovation start-ups and being an essential launchpad for their endeavours. With our strong network of partner business, we are positive that the incubator will end up being a dynamic centre of entrepreneurship, innovation and science.”
Said Mr Lim Say Chin, Executive Chairman and Managing Director of ACROMEC, “The effective conclusion and launch of the Life Science Incubator vouches for ACROMEC’s performance history and success as an expert engineering supplier for regulated environments. We are delighted to be a part of this dynamic community and will continue to serve business and start-ups in the life science, biotech, health care, and research study sectors.”
In July, the Group revealed that wholly-owned subsidiary ACROMEC Engineers had actually participated in a joint-venture contract with tactical partner Tako Ventures to construct, own, and run JVCo and co-working lab centers. JVCo is 30%owned by the Group through ACROMEC Engineers, while Tako Ventures holds the staying 70%stake, handling JVCo and the Life Science Incubator.
ACROMEC Engineers carried out the style, building and construction, and fitting-out works for the 600 square meter Life Science Incubator’s co-working laboratory centers, that includes 8 suites, 51 laboratory benches, and 1 running theatre.
About ACROMEC Limited
SGX Catalyst-listed ACROMEC (SGX: 43 F) is a recognized professional engineering companies with more than 20 years of getting know-how in the style and building of centers needing regulated environments, such as labs, medical and sterilized centers and cleanrooms. Among its consumers, ACROMEC counts medical facilities & medical centres, federal government companies, universities, research study & advancement business and international systems, pharmaceutical, semiconductor production and engineering business. To learn more, see www.acromec.com
ACROMEC share details through SGX (43 F), Bloomberg (ACRO.SG) and ThomsonReuters (ACRO.SI).
Analyst & Media contact:
Mr Jerry Tan, CFO
Topic: Press release summary
Sectors: Healthcare & Pharm, PE, VC & Alternatives, Construct, Engineering, Startups
From the Asia Corporate News Network
Copyright © 2021 ACN Newswire. All rights scheduled. A department of Asia Corporate News Network.