#SET100 2018

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The Standards, Productivity and Innovation Board (SPRING Singapore) used to be a statutory board under the Ministry of Trade and Industry of Singapore. It was also the national standards and conformance body, tasked with developing and promoting internationally-recognized standards and quality assurance infrastructure.In April 2018, SPRING Singapore and International Enterprise Singapore were merged to form a single agency, Enterprise Singapore, a government agency championing enterprise development.

Hossein Jalali is the Iranian CTO and co-founder of Virtuleap, a Portugal-based cognition training and assessment VR startup, where he has worked since 2018. He was also simultaneously co-founder at Lisbon-based fitness search and discovery startup Flexpass, which was acquired by Urban Sports in 2018.He was previously co-founder at Dubai-based gaming startup Gameguise, the publishing arm of Edoramedia. Before this, Jalali spent six years as Head of Online at Dubai-based satellite TV company Al Aan. He holds an MBA in Business and Finance from the American University of Sharjah in the United Arab Emirates and a bachelor’s in Computer Engineering from Azad University in Tehran, Iran.

Max Rye graduated in computer science at the University of California, Davis, in 2001. Currently based in Berkeley, Rye has worked in the IT industry for over 15 years. He was the CEO of Royal IT from 2003 to 2018 in California. He was also a senior information technology specialist at Mahler Enterprises from 2011 to 2018.In 2019, he set up TurtleTree Labs in Singapore with Lin Fengru whom he had previously met at a Google conference. He became the CTO of TurtleTree Labs with Lin as CEO. In January 2020, he was appointed chief strategist based at the company’s office in San Francisco. In December 2020, he and Lin also co-founded TurtleTree Scientific in Singapore.

Established by the Shenzhen Government in 1999, Shenzhen Capital Group invests mainly in small- and medium-sized enterprises as well as high-tech startups in the fields of information technology, internet, biomedicine, new energy, high-end equipment manufacturing, etc. As of June 2018, it had invested RMB 37.6 billion in 889 projects and startups, 140 of which have been listed on 16 stock exchanges around the world.

Grand China Capital is a Beijing-based venture capital firm. It invests mainly in media, entertainment, sports, tourism, and smart manufacturing sectors. It provides businesses with services such as financial investment, strategic consulting and data-based marketing. Grand China Capital co-launched a RMB 2 billion fund with Japan's SBI Group (previously known as Softbank Investment Co., Ltd) in September 2018 to drive tech development in the Asia Pacific region.

Founded in October 1962, Mando Corporation is a South Korean automotive parts manufacturer. It supplies many automobile manufacturers worldwide, including General Motors, Volkswagen, Chrysler, Ford, Nissan, Hyundai, Kia, Suzuki and Chevrolet. With more than 11,000 staff, Mando Corporation produces 4m automotive parts per year, generating annual sales of US$4.74bn in 2018. The company was listed on the Korea Stock Exchange in May 2010; its controlling shareholder is Halla Holdings Corp.

Farben Consulting is a Portuguese real estate investor and consultancy based in Torres Novas and established in 1996. It has no website and has not disclosed any information about its business. In 2014 and 2015, Farben invested €1.5m for an equity stake of 98% in CoolFarm. The agtech became insolvent in October 2018 when Farben decided to stop supporting the startup due to lack of sales and market potential for B2B indoor farming solutions.

PICC Capital Equity Investment Company was founded in 2009 as a subsidiary of Chinese listed insurer PICC.In 2018, it set up a RMB 300m fund targeting health and elderly-care sectors. In 2020, the VC set up another fund to invest in cutting-edge technologies like biotech, integrated circuit, etc.

Founded in 1907 and currently headquartered in Atlanta, Georgia, US, United Parcel Service (UPS) is the world's largest package and document delivery company in revenue and volume. It is also a global provider of specialized transportation and logistics services. UPS serves more than 220 countries and territories worldwide. In 2018, the company generated US$71.8bn in revenue and had a net income of about US$4.8bn with 481,000 employees. It invests in transportation-related companies.

Pablo Zamora is a biotechnologist from the University of Santiago, where he worked as a professor and research scientist until 2008. In 2009, he started his postdoctoral research on Mexico’s maize genetics at UC Davis Life Science Innovation Center. He worked there as a senior scientist and associate until 2014. In 2015, he was appointed the center’s Chief Science Officer based in Chile, a position he was in till January 2018.From 2013–2015, he also worked on various plant and microbe genomics projects as a senior scientist in Mars Advanced Research Institute. He was also an editor from 2012–2017 at the Journal of Technology Management & Innovation and worked at the non-profit PIPRA from 2010–2018 as international alliance manager in Sacramento, University of California.In 2015, he co-founded The Not Company (NotCo) based in Santiago. He was appointed CSO in February 2018, a role he led until March 2020, when he left the company to focus on a new project, AptaBuilder, a $60m program that promotes R&D for Chilean technology-based ventures. Zamora still consults as NotCo’s senior scientific advisor.

Jose Luis Vega de Seoane graduated in 2012 as a software engineer from the Complutense University of Madrid. He has also completed a global management program at IESE Business School.In 2013, he co-founded video games developer Upplication as CEO. The mobile app maker was sold in 2017 to Mobusi, a leading digital marketing company. He left Upplication in 2018 and became a digital strategy advisor at the Spanish Institute for Foreign Trade (ICEX).In 2018, he co-founded Capaball as COO. He is also a mentor at Conector Startup accelerator and a board member of IBECOSOL. In 2020, the serial entrepreneur has founded two new startups: Heris, a platform to cure patients affected by aphasia and a digital marketing agency Trevol.

Well-known entrepreneur Yu Minhong and Sheng Xitai, a senior investment banker, co-founded Aplus Capital in November 2014. In November 2017, Aplus Capital formally changed its name to  Hongtai Capital Holdings. By the end of 2018, the assets under its management have amounted to over RMB 20 billion. Hongtai Capital Holdings mainly invests in startups in various stages of growth and focuses on sectors of artificial intelligence, big data, consumer products, entertainment, education, manufacturing and fintech. 

Palladium Capital is a London-based private investment firm, originally established in 2005 as an independent strategic and financial adviser focusing on Central and Eastern Europe.Since 2010, Palladium has expanded activities to include Western Europe, Middle East, North Africa and Turkey. In 2014, the firm started direct private equity investments, acting on behalf of private family-owned funds and strategic investment partners. In February 2018, the advisory business was transferred to the newly formed sister company XPX Partners.

Foresee Capital was set up as the asset management division of Phoenix Finance, an investment platform under Hong Kong-based Phoenix Television, in 2014. In 2017, it became the independent firm Beijing Foresee Asset Management Co., Ltd. As of Q1 2018, assets under management have exceeded RMB 69.5 billion, including fixed-income investment, real estate equity, private equity and overseas investment.

Founded in 2005, Fortune Link focuses on private equity investment. Its founder, Kan Zhidong was also the founder of Shenzhen Capital Group,  one of the first few venture capitalists in China. As at March 2018, it had set up a number of funds and managed over 20 investment teams.With over RMB 30bn worth of assets under its management, Fortune Link mainly invests in sectors including TMT, environmental protection, advanced material, healthcare, high tech industries, culture and media.

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