Trendlines, B Braun team up to invest in healthcare incubator

Singapore

SINGAPORE-LISTED Israeli medical and agricultural tech incubator Trendlines Group and German medical device manufacturer B Braun are joining forces for a platform to invest in and incubate early-stage healthcare companies with a focus on Singapore and the region.

The two parties have signed a memorandum of understanding to jointly invest in recently-incorporated Trendlines Medical Singapore (TMS). The investment amount was not disclosed but Thursday's announcement said B Braun would be a minority shareholder. Subject to the signing of a definitive agreement, both parties will appoint members to the TMS board of directors and investment committee.