iGlobe Partners’ Innovating Investing Honored at the International Innovation Awards 2019 in Singapore

SINGAPORE -�Media
OutReach - 17 December 2019 - Enterprise Asia
announced the winners of the International Innovation Awards 2019 in Singapore.
Thirty-five products, services and organizations are named as award winners
from over 160 submissions.

 

“There are not
conventional ‘innovations’. When we set out to identify winners of the International
Innovation Awards, our goal is to present a broad spectrum of innovations that
could spur greater innovation in the recipients’ respective countries and
industries. Just as innovation itself is continuously self-redefining, the
awards are meant to promote continuity in innovation”, said Dato’ William Ng,
president of Enterprise Asia.

 

Among the notable
recipients of the InnoCube are AIA Malaysia, Taiwan’s HIWIN Technologies Corp., Singapore’s Olam
International Ltd., Philippines’ Unilever, Indonesia’s PT MRT Jakarta, and
United Arab Emirates’ Roads and Transport Authority and Vietnam’s Tan Hoang
Minh Group.

 

Organized
annually by Enterprise Asia, the International Innovation Awards is among the most
coveted global awards for innovation and aims to recognize best innovations in
the categories of Product, Service & Solution, and Organization &
Culture. This year’s judging panel include Martin Daffner, founder of Innobrix,
Professor
Nadia Thalmann of Nanyang Technological University, Professor Natcha Thawesaengskulthai
of Chulalongkorn University, Makoto Shibata of FINOLAB, The FinTech Center of
Tokyo and Anna Simpson of Flux Compass.

 

“These
are the trailblazers of our world. Beyond the obvious commercial value, these
innovations are what would power the world forward, individually and
collectively. I hope that more companies and organizations would realize that
constant innovation is not a luxury, but necessity”, says Ng.

 

About iGlobe Partners’ Innovating Investing

iGlobe was
established in Dec 1999 by its founder, Mrs Koh Soo Boon, after a successful
stint as a Corporate Venture capitalist and banker. The firm identifies
start-ups and companies in early growth stages with emerging technologies and
innovations that will become game changers in the marketplace. It sources
start-ups from Silicon Valley and brings them through Singapore as a gateway to
Asia. Hence, even in the early stage of development of these start-ups, iGlobe
expanded their potential markets globally, thereby increasing the value of the
start-ups with better revenue generation and market addressability.

 

As an example,
iGlobe identified the potential of Unity Technologies at its early period in
2011 and led the Series B round amidst competition from 11 other larger US VCs
at that time. It earned the respect of Sequoia Capital (Series A lead of Unity
Technologies) and the Unity Technologies’ founding team.

 

iGlobe’s unique
track record of having brought firms to Asia over the past years, gave it that
credibility with Unity Technologies whom it brought to Singapore, as a gateway
to Asia. iGlobe often co-invests with major US VC firms such as Arch Ventures,
DCM Capital, Lux Capital, Qualcomm Ventures etc. who have found immense value
in iGlobe’s ability to identify and understand the potential value of the
start-ups and develop them. With this strategy, iGlobe has demonstrated stellar
returns for its fund investors. In a way, through its efforts, iGlobe has put
Singapore on the global VC map by being plugged into the major investing
networks. The funds have outperformed the global benchmarks for VC firms.
iGlobe invests in Silicon Valley firms and brings them to Asia. Similarly, it
brings Singapore firms to expand in the region as well, making Singapore the
gateway for these firms.

 

Through its
mission of ‘democratising investment in deep technology’ for the smaller
individual investors, iGlobe has been able to maintain a loyal and growing
cohort of high net worth investors and family offices. The demonstrated returns
have ensured the growth in the subsequent fund sizes. iGlobe’s philosophy of
connecting investors to the start-ups as if they were major investors is a unique
differentiation of the fund. iGlobe provides frequent updates about the
performance of the investments and start-ups on quarterly basis.

 

iGlobe was able
to identify unicorns in their infancy, leading the rounds in the iconic gaming
company — Unity Technologies, u-blox, ACSL, NerdWallet, Hippo and Matterport.

About Enterprise Asia

Enterprise Asia strives to create an Asia that is rich in
entrepreneurship as an engine towards sustainable and progressive economic and
social development reinforced by its strong pillars of: Democratizing
Entrepreneurship, Institutionalizing Sustainability and Empowering Innovation.

About International Innovation Awards

The International Innovation Awards is an annual regional
recognition program that recognizes outstanding innovations, and in the
process, encouraging organizations to continue investing in innovations. For
more information on the International Innovation Awards 2019, please visit www.innovationaward.org