Azione Capital Pte Ltd is a seed stage venture capital investment company and startup business incubator headquartered in Singapore. Since its inception in 2006, the firm has adopted a hands-on, sector-focused approach to mentoring, incubating and investing in interactive digital media, mobile communications (inclusive of the full spectrum of wireless technologies), energy and maritime industry startups that operate primarily within Asia.

Azione Capital Pte Ltd is one of three initially approved (nine as at December 2007) business incubators under the microfunding scheme of the Media Development Authority of Singapore, Interactive Digital Media Programme Office.

History

In November 2006, an official from the newly formed Interactive Digital Media Programme Office of the Media Development Authority of Singapore, made contact with Project:Senso Ltd. to explore the possibility of working to mentor, guide and assist budding startups. The result was the formation of a separate, for-profit, full time entity for spotting, mentoring and assisting budding startups. By early December 2006, the initial structuring of the business entity was complete and it was named Azione Capital Pte Ltd.

Early in 2007, Azione Capital Pte Ltd, along with more than 30 other partners, officially declared their support for the four new initiatives of the Media Development Authority, Interactive Digital Media R&D Programme Office at the inaugural IDM Jamboree held in the Singapore Science Centre.

In May 2007, the Media Development Authority of Singapore officially announced the launch of the Microfunding Scheme and the official appointment of three mentors, Azione Capital Pte Ltd being one of them.

Timeline

• November 03 2006 - Initial contact from Media Development Authority, Interactive Digital Media R&D Programme Office.
• December 29 2006 - Officially incorporated in the Republic of Singapore as a Company limited by shares.
• January 10 2007 - Declaration of support at the inaugural IDM Jamboree held in the Singapore Science Centre.
• May 25 2007 - Press conference for the launch of the MDA Microfinancing Scheme and 1st i.Jam Evening held in the MICA Building Atrium.
• July 26 2007 - 2nd i.Jam Evening held in the MICA Building Atrium.
• July 30 2007 - Invited to be part of the i.Jam Council.
• August 08 2007 - Signing of working agreement between Azione Capital Pte Ltd and Media Development Authority of Singapore.
• November 19 2007 - Appointed as Singapore Commercialization Partner to Cradle Investment Programme (Malaysia)

Management team

Board of directors

• Nicholas Chan, Executive Director of Azione Capital Pte Ltd
• Soon Choo Teck, Chairman and CEO of Sim Lim Company Pte Ltd
• Lee Keh Sai, President (retired) of K.S.Lee & Associates (Asia) Pte Ltd (A Schneider Electric company)
• Loi Der Liang, Director of Malaysia operations, Azione Capital Pte Ltd

Board of advisors

• Mr. Ko Siew Hong, Michael, Deputy Director, Temasek Engineering School, Temasek Polytechnic
• A/Prof. Ser Wee - School of Electrical & Electronic Engineering, Nanyang Technological University
• Ms. Tan Kai Syng - Artist and lecturer, LASALLE-SIA College of the Arts
• Ms. Shawna Olwen - CEO, HubNutz
• Dr. Sun Qibin - Department Manager, Institute for Infocomm Research, A-STAR
• Dr. Wu Jian Kang - Principal Scientist, Department Manager, New Initiatives of the Institute for Infocomm Research (I2R), A-STAR
• Ms. Angela Wee - Director, School of ICT, Ngee Ann Polytechnic
• Mr. Harish Pillay - Chief Technology Architect, Red Hat Asia Pacific Ltd
• Mr. Song Nay Hay - Director, School of Media & Infocommunication Tech, Singapore Polytechnic
• Prof. Mohan S Kankanhalli - Vice-Dean (Academic Affairs & Graduate Studies), School of Computing, National University of Singapore
• Dr. Ravi S Sharma - Associate Professor, Wee Kim Wee School of Communication and Information, Nanyang Technological University
• Prof. Kwok-Yan Lam - Founder, PrivyLink Pte Ltd
• Mr. Wilson Wong - Director, Amica Law LLC
• Mr. Peter Tan - CEO, Freedom Group Pte Ltd

Portfolio startups

Corporate social responsibility

On July 27 2007, Azione Capital silently launched the Help Humanity Project (in partnership with the World Community Grid) within its portfolio startup companies as a simple way to introduce the budding entrepreneurs into incorporating corporate social responsibility initiatives within their startups and encouraging them to further develop their own programmes in the future.

Address and contact information

• Address: 22, Dickson Road, Second Level, Singapore 209506
• Telephone: +65-31121688 (Office), +65-94889683, +60(0)183885695 (Nicholas Chan)
• Fax: +65-62932669
• Email: startup@azionecapital.com

See also

• Seed funding
• Nicholas Chan

References

External links

• Azione Capital Pte Ltd
• Project:Senso Ltd
• Media Development Authority, Singapore, Interactive Digital Media R&D Programme Office