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酷庄稼糸庄稼乙油珂看稼艶霞油韓看姻油皆岳温姻岳顎沿壊油庄稼油皆庄稼乙温沿看姻艶
                                            Dr.VirginiaCha
                  Chief,ResearchandInnovation,InstituteofSystemsScience,NUS
                         AdjunctProfessor,ScienceEntrepreneurship,INSEAD
                                 EntrepreneurinResidence,INSEAD
                                   EntrepreneurinResidence,SMU
                                   Entrepreneur in Residence SMU
                           ExecutiveAdvisor,NUSEntrepreneurshipCentre
MemberoftheGlobalAgendaCouncilonFosteringEntrepreneurship20122014,WorldEconomicForum
                                             October2012
Entrepreneurial Ecosystem
                                  p              y
 Entrepreneurs and Ideas
    1.   Ideas & Opportunities
    2.
    2    Passion & Commitment
    3.   Strategy & Pivots
    4.   Go to Market
 I
  Investors and Money
       t      dM
    1.   Angel Investors
    2.   Incubators
    3.   Venture Capital
    4.   Corporate Venture Capital
    5.   Corporate Investor
 Government and Economic Development
    1.   Funding startups
    2.
    2    Industry development
    3.   Policies, incentives, and investments
皆庄稼乙温沿看姻艶油酷顎稼糸庄稼乙油珂温沿油
     (fromBootstraptoSeedStage)
     (f                    d      )




                                      Sourceofgraphics:WongMengWeng (JFDIAsia).
皆庄稼乙温沿看姻艶油酷顎稼糸庄稼乙油珂温沿油
               Singapore Funding Map
               (EarlyStage)

Sourceofgraphics:WongMengWeng (JFDIAsia).
皆庄稼乙温沿看姻艶油酷顎稼糸庄稼乙油珂温沿油(Growth/LateStage)
Si        F di M (G        th/L t St )
Sourceofgraphics:WongMengWeng (JFDIAsia).
Angels
                                                   ge s

1. Not typically formally organized, but this is also changing
2. Short investment process: 1-2 months, starts off innocently
3. Typically invests at idea stage, no revenue, prototype stage
4. Looks at
    oo s at:
      Passion (self) and Projects
      People/team/Chemistry
      Motivated by desire to be engaged in entrepreneurship
4. Helps entrepreneurs with:
      Corporate Partners/Lead Customers
      Strategy/Operations management
      Sympathetic ear/positive support
      Credibility
      Introduction and Sourcing of VC
SGs Seed/Angel Investors




       AccelX




                 SPRINGSEEDS 1for1toqualifiedangels
                  S    G     ( i             l    d)
                 SPRINGBAF(BusinessAngelFunds)

                                          Imagesource:respectivecompanyswebsite
7
Incubators
1. Typically organized and funded by government or quasi-gov, or
   associated with a university/research entity or a group of investors
2. Investment process: 3 months, models after the VC process, but less
   stringent
3.
3 Bridges the gap between idea/prototype and revenue stage
4. Looks at:
      Idea, Opportunity, IP
      People/team/fit to incubator mission
      Motivated by KPI with building new businesses/value
4.
4 Helps entrepreneurs with:
      Corporate Partners/Lead Customers
      Team Building/Rent/Lab
      Credibility
      Introduction and Sourcing of VC
SGs NRF TIS Incubators



    I2GTechAccelerator




                                Imagesource:respectivecompanyswebsite
9
Venture Capitalists
1. Organized as formal investment funds into new ventures
2.
2 Long investment process: 3-6 months (in SG; in USA faster)
                           36
3. Typically invests in prototype stage, or beta launch, sometimes
   pre-revenue (but in SG, VCs require much more validation)
4. Looks at:
      Sector/Industry/space
       pp       y
       Opportunity/Idea/IP
      People/team/track record
      Valuation
4. Helps entrepreneurs with:
      Capital/Credibility
      Executive team recruitment
      Strategy/financial management/Exit
SGs Active VCs
Corporate Investors
1. Corporate strategic investor  direct equity investment
2.
2 Long investment process: 4-6 months
                           46
3. Typically invests in revenue or beta-stage
4. Looks at:
      Sector/Industry/space
      Complementary to own products/services
      People/team/track record
      Profit/Loss
4. Helps entrepreneurs with:
      Capital/Credibility
      Corporate Partners/Lead Customers
      Revenue
5. Generally looks towards eventually a full acquisition
Corporate Venture Fund Investors
1. Corporate strategic investor  corporate venture fund investment
2.
2 Medium investment process: 3-4 months
                             34
3. Typically invests in prototype or beta-stage
4. Similar characteristics as Corporate Direct Investor except:
   a. Behaves more like a VC, looks at returns
   b. Does not make a full acquisition
Entrepreneurship
 EcosystemsinAsia




http://techcocktail.com/asianstartup
   p //                /            p
scene201203#.T3EWaGHzuSp

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Fundingstartup

  • 1. 酷庄稼糸庄稼乙油珂看稼艶霞油韓看姻油皆岳温姻岳顎沿壊油庄稼油皆庄稼乙温沿看姻艶 Dr.VirginiaCha Chief,ResearchandInnovation,InstituteofSystemsScience,NUS AdjunctProfessor,ScienceEntrepreneurship,INSEAD EntrepreneurinResidence,INSEAD EntrepreneurinResidence,SMU Entrepreneur in Residence SMU ExecutiveAdvisor,NUSEntrepreneurshipCentre MemberoftheGlobalAgendaCouncilonFosteringEntrepreneurship20122014,WorldEconomicForum October2012
  • 2. Entrepreneurial Ecosystem p y Entrepreneurs and Ideas 1. Ideas & Opportunities 2. 2 Passion & Commitment 3. Strategy & Pivots 4. Go to Market I Investors and Money t dM 1. Angel Investors 2. Incubators 3. Venture Capital 4. Corporate Venture Capital 5. Corporate Investor Government and Economic Development 1. Funding startups 2. 2 Industry development 3. Policies, incentives, and investments
  • 3. 皆庄稼乙温沿看姻艶油酷顎稼糸庄稼乙油珂温沿油 (fromBootstraptoSeedStage) (f d ) Sourceofgraphics:WongMengWeng (JFDIAsia).
  • 4. 皆庄稼乙温沿看姻艶油酷顎稼糸庄稼乙油珂温沿油 Singapore Funding Map (EarlyStage) Sourceofgraphics:WongMengWeng (JFDIAsia).
  • 5. 皆庄稼乙温沿看姻艶油酷顎稼糸庄稼乙油珂温沿油(Growth/LateStage) Si F di M (G th/L t St ) Sourceofgraphics:WongMengWeng (JFDIAsia).
  • 6. Angels ge s 1. Not typically formally organized, but this is also changing 2. Short investment process: 1-2 months, starts off innocently 3. Typically invests at idea stage, no revenue, prototype stage 4. Looks at oo s at: Passion (self) and Projects People/team/Chemistry Motivated by desire to be engaged in entrepreneurship 4. Helps entrepreneurs with: Corporate Partners/Lead Customers Strategy/Operations management Sympathetic ear/positive support Credibility Introduction and Sourcing of VC
  • 7. SGs Seed/Angel Investors AccelX SPRINGSEEDS 1for1toqualifiedangels S G ( i l d) SPRINGBAF(BusinessAngelFunds) Imagesource:respectivecompanyswebsite 7
  • 8. Incubators 1. Typically organized and funded by government or quasi-gov, or associated with a university/research entity or a group of investors 2. Investment process: 3 months, models after the VC process, but less stringent 3. 3 Bridges the gap between idea/prototype and revenue stage 4. Looks at: Idea, Opportunity, IP People/team/fit to incubator mission Motivated by KPI with building new businesses/value 4. 4 Helps entrepreneurs with: Corporate Partners/Lead Customers Team Building/Rent/Lab Credibility Introduction and Sourcing of VC
  • 9. SGs NRF TIS Incubators I2GTechAccelerator Imagesource:respectivecompanyswebsite 9
  • 10. Venture Capitalists 1. Organized as formal investment funds into new ventures 2. 2 Long investment process: 3-6 months (in SG; in USA faster) 36 3. Typically invests in prototype stage, or beta launch, sometimes pre-revenue (but in SG, VCs require much more validation) 4. Looks at: Sector/Industry/space pp y Opportunity/Idea/IP People/team/track record Valuation 4. Helps entrepreneurs with: Capital/Credibility Executive team recruitment Strategy/financial management/Exit
  • 12. Corporate Investors 1. Corporate strategic investor direct equity investment 2. 2 Long investment process: 4-6 months 46 3. Typically invests in revenue or beta-stage 4. Looks at: Sector/Industry/space Complementary to own products/services People/team/track record Profit/Loss 4. Helps entrepreneurs with: Capital/Credibility Corporate Partners/Lead Customers Revenue 5. Generally looks towards eventually a full acquisition
  • 13. Corporate Venture Fund Investors 1. Corporate strategic investor corporate venture fund investment 2. 2 Medium investment process: 3-4 months 34 3. Typically invests in prototype or beta-stage 4. Similar characteristics as Corporate Direct Investor except: a. Behaves more like a VC, looks at returns b. Does not make a full acquisition