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Exploit Technologies and BANSEA Sign MOU Under the Angel Investment Management (AIM) Initiative


10/15/2008 11:47:34 AM

Exploit Technologies and the Business Angels Network South East Asia (BANSEA) today announced a strategic collaboration under the Exploit Technologies Angel Investment Management initiative (AIM) to enhance and accelerate angel networking activity, and to enable start-ups to have greater access to Angel investors in Singapore and in the region.

Under the new partnership, Exploit Technologies and BANSEA will collaborate to jointly organise Angel networking events and undertake joint marketing activities to promote Angel investments in local start-ups. In addition, collaborating under AIM’s umbrella, Exploit Technologies and BANSEA will build capabilities, and promote Angel investment and entrepreneurship in Singapore through the sharing of best practices, and holding seminars and training sessions.

Mr Lim Chuan Poh, Chairman of A*STAR, said, "The partnership between Exploit Technologies and BANSEA looks set to facilitate more conversations and networking among start-ups and Angel investors. This will greatly enhance and increase the opportunities for the start-ups to receive funding and support and contribute significantly to the growth of innovation and enterprise in Singapore”.

Mr Boon Swan Foo, Executive Chairman of Exploit Technologies and Chairman of TTN, added, "Angel investors provide invaluable investment, advice, mentoring and business networks to start-ups. Exploit Technologies is delighted to collaborate with BANSEA to promote Angels investment. We will be able to facilitate a pipeline of start-ups from A*STAR and TTN partners to tap on such Angel-networks. We will be announcing collaboration with other Angel-networks very shortly."

Prof Wong Poh Kam, Chairman, BANSEA, said, "BANSEA has been encouraging and facilitating Angel investment in this region since 2001 and we are glad to be collaborating with Exploit Technologies under the Angel Investment Management (AIM) initiative. I look forward to this enhanced level of collaboration.” To facilitate the collaboration of joint programs, Exploit Technologies will be hosting the BANSEA Secretariat at its premises located at Biopolis and facilitating Angels networking events in the Biopolis vicinity and other parts of Singapore.

The AIM initiative was launched by Exploit Technologies on 15 July 2008 to encourage innovation in the Singapore investment landscape. AIM serves as a catalyst and facilitator to encourage Angel networks to be formed in special interest groups. The initiative seeks to encourage Angel investment in start-ups, and this will benefit aspiring entrepreneurs and inject new vibrancy into the Singapore economy. Correspondingly, AIM helps the Angel investment community to gain access to a large pool of Intellectual Property portfolios and start-ups in the Singapore Agency for Science, Technology and Research (A*STAR) and other partners of the Technology Transfer Network (TTN).

For media enquiries, please contact:

Seeto Wei Peng Exploit Technologies Pte Ltd (A member of A*STAR) Assistant Vice President, Corporate Communications DID: (65) 6478 8443 Mobile: (65) 8375 9474 Email: weipeng@exploit-tech.com

Walter Lee Senior Vice President & Fellow, Exploit Technologies (a member of A*STAR) Head, Technology Transfer Network (TTN) Secretariat Head, Angels Investment Management (AIM) Program, Exploit Technologies Email: walter@exploit-tech.com Prof Wong Poh Kam Chairman of BANSEA Email: pkwong@alum.mit.edu

About Exploit Technologies Pte Ltd Exploit Technologies is the strategic marketing and commercialisation arm of the Agency for Science, Technology and Research (A*STAR). Its mission is to support A*STAR in transforming the economy through commercialising R&D. Exploit Technologies enhances the research output of A*STAR scientists by translating their inventions into marketable products or processes. Through licensing deals and spinoffs with industry partners, Exploit Technologies is a key driver of technology transfer in Singapore. It actively engages industry leaders and players to commercialise A*STAR's technologies and capabilities, bridging the gap from Mind to Market. Exploit Technologies’ charter is to identify, protect and exploit promising intellectual property (IP) created by A*STAR’s research institutes. For more information, please visit http://www.exploit-tech.com

About Business Angels Network South East Asia (BANSEA)

BANSEA is an angel investment networking group formed since 2001 to promote development of the angel investment community in South East Asia through educational conferences and workshops, research, networking with angel groups worldwide, contributing to improving the regulatory environment and corporate governance system for angel investing, and facilitating the matching of start-ups with angel investors for investment and mentoring. BANSEA is receiving support from SPRING Singapore under the LEAP scheme. For more information, please contact Ms Jenny Law at jennylaw@BANSEA.org.

About the Technology Transfer Network (TTN)

The Technology Transfer Network is a collaborative alliance of Technology Transfer Offices formed to enhance the effectiveness in the transfer of technology to the industry. The core activities of the TTN include collaboration on IP Cluster Mapping, Training & Certification of TTO professionals, Joint Marketing & Events, Technology Advisory Services, Industry Collaboration and regular dialogue and sharing of best practices. For more information, please visit: http://www.TTN.sg .


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