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.
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.
|FusReality||Alternate Reality Games Provider||December 2006||May 2007||Defunct, founders enlisted into NS|
|AdCause Singapore Pte. Ltd.||Advertisement Marketplace||January 2007||June 2007||Defunct, founder closed down operations|
|LocAsian Networks||Mobile LBS Infrastructure Provider||March 20 2007||NA||Research & Development, beta testing|
|Who Works Around You Pte Ltd||Location Based Dating||January 30 2007||October 3 2007||Operational|
|Info Vending Machine||Content Distribution||July 4 2007||September 28 2007||Defunct, founder returned to home country|
|Hibernator||Internet-based system state hibernation||August 15 2007||NA||Research & Development, limited beta launch|
|UserX Pte Ltd||Advanced usability lab||September 28 2007||March 26 2008||Operational, recinded investment when CEO changed entire management without notice|
|Events Core||Events Management Engine||October 15 2007||NA||Operational|
|MyWobile (f.k.a. MobileWorld)||Location Based Gaming Platform||November 18 2007||NA||Research & Development, limited beta launch|
|e994||Location Based Emergency Services||November 19 2007||NA||Research & Development|
|C2||Mobile Command and Control||January 10 2008||NA||Stealth mode|
|HLG||Online Marketplace||January 26 2008||NA||Stealth mode|
|SH||Healthcare product||January 28 2008||NA||Stealth mode|
|PP||Maritime Communications||February 13 2008||NA||Stealth mode|
|RENO||Online Portal||February 24 2008||NA||Stealth mode|
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.