Azione Capital

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Azione Capital Pte Ltd
Type Private Limited (RCB Number: 200619477H)
Founded 2006
Founder Nicholas Chan
Headquarters Flag of Singapore Singapore
Area served Singapore, Malaysia, Indonesia, Thailand, Vietnam, China
Key people Nicholas Chan (Singapore)
Loi Der Liang (Malaysia)
Soon Choo Teck (China)
Lee Keh Sai
Industry Private Equity
Services Startup Business Incubation
Website http://www.azionecapital.com/

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[1] (nine as at December 2007) business incubators under the microfunding scheme of the Media Development Authority of Singapore, Interactive Digital Media Programme Office.

Contents

[edit] 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[2] of the Media Development Authority, Interactive Digital Media R&D Programme Office at the inaugural IDM Jamboree held in the Singapore Science Centre[3].

In May 2007, the Media Development Authority of Singapore officially announced the launch of the Microfunding Scheme and the official appointment of three mentors,[4] Azione Capital Pte Ltd being one of them.

[edit] Timeline

[edit] Management team

[edit] 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

[edit] Board of Advisors

[edit] Portfolio startups

These are the portfolio startups that have been publicly announced (as at February 2008) under the care of Azione Capital Pte Ltd.

Name Industry Started Exited Status
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, beta testing
UserX Pte Ltd Advanced usability lab September 28, 2007 NA Operational
Events Core Events Management Engine October 15, 2007 NA Operational
MobileWorld Location Based Gaming Platform November 18, 2007 NA Research & Development
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

[edit] Corporate social responsibility

The World Community Grid

On July 27, 2007, Azione Capital silently launched the Help Humanity Project[6] (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.

[edit] Address and contact information

  • Address: 10, Jalan Besar, #17-02, Penthouse, Sim Lim Tower, Singapore 208787
  • Telephone: +65-62965113, +65-94889683 (Nicholas Chan)
  • Fax: +65-62932669
  • Email: startup@azionecapital.com

[edit] See also

[edit] References

  1. ^ News Release, 25 May 2007: MDA administers new Microfunding Scheme to stimulate bottom-up innovation in IDM, accessed October 2007
  2. ^ News Release, 10 January 2007: Speech by Dr Vivian Balakrishnan, Minister for Community,Youth and Sports and Second Minister for Information,Communications and the Arts at the IDM Jamboree on 10 January 2007, 10.15am at the Singapore Science Centre, News release accessed October 2007PDF (27.86 KiB)
  3. ^ News Release, 10 January 2007: IDM R&D Programme Office unfolds four initiatives to support R&D needs in IDM sector, News release accessed October 2007
  4. ^ i.BITS May 2007: Launch of Micro-Funding initiative for Individuals
  5. ^ i.BITS July 2007: i.JAMMING @ MICA Building Atrium
  6. ^ Team Azione on the World Community Grid

[edit] External links