Press

Quest Ventures Appoints ESG Head

KnowESG

This strategic move underscores Quest Ventures’ commitment to advancing its mission of sustainability across key markets.

April Ong Vaño, the newly appointed ESG head, brings a rich and diverse wealth of experience to her role, having dedicated an entire decade to social innovation and sustainable development. Her impressive background spans various sectors, including government, non-profit organisations, and the private sector.

She will be stationed in Cebu, The Philippines, and her mission is nothing short of transformative. She aims to drive tangible, positive changes in local communities, with a particular focus on critical areas such as microfinance for agriculture and accessible, eco-friendly solutions for clean water and energy, all of which are pivotal for a sustainable, decarbonised planet.

Expressing her vision for this pivotal role, Ong Vaño stated, “I am dedicated to effecting tangible change in local communities, with a specific emphasis on providing microfinance for agriculture and accessible clean water and energy solutions, all of which are indispensable for a sustainable, decarbonised world.”

Notably, Quest Ventures stands as one of the trailblazing venture capital firms in Asia, having committed to the Principles of Responsible Investment, an investor initiative forged in partnership with the UNEP Finance Initiative and UN Global Compact.

The firm’s unique blend of capital and technology is making a substantial contribution to uplifting communities in emerging economies throughout Southeast Asia and Central Asia, garnering accolades such as VC of the Year in 2022.

More


Quest Ventures appoints April Ong Vano as Head of Environmental, Social & Governance

Digital News Asia

With a decade of experience in social innovation and sustainable development across various sectors, she aims to leverage her expertise in venture financing and local markets to spearhead strategic initiatives. Ong Vaño will be based in Cebu, The Philippines, and her mission includes driving practical outcomes in local communities, particularly in areas like microfinance for agriculture and accessible clean water and energy solutions for a decarbonized planet.

Quest Ventures is among the first venture capital firms in Asia to sign the Principles of Responsible Investment, an investor initiative in collaboration with UNEP Finance Initiative and UN Global Compact. The firm’s combination of capital and technology contributes to uplifting communities in emerging economies across Southeast Asia and Central Asia, earning it accolades such as VC of the Year in 2022.

James Tan, managing partner, expressed the company’s delight in having Ong Vaño lead their ESG efforts, emphasizing her wealth of experience derived from years of addressing real-life issues impacting social impact entrepreneurs and individuals at the base of the pyramid.

More


VinFast要进军全球市场了,然后呢?|SEA Now

动点科技

直播预告|对话求索创投陈中:谁是东南亚的下一个增长引擎?:从现在往前看去,在疫情的推动下,近年来东南亚的数字化进程为外界带来了无限遐想。从突破新高的独角兽数量到如雨后春笋般涌现的初创企业,从印尼和新加坡这样的“老牌”市场的进一步成熟再到如马来西亚、菲律宾、泰国、越南这样的新兴市场的不断崭露头角,这片地区中的年轻群体、互联网爱好者、高技能&受教育分子在向数字公民转型时所蕴含的巨大的未开发潜能也在一直吸引着大大小小的东南亚海内外投资者对这里投以关注。

但同样的,也不难发现,在东南亚同世界科创版图不断接轨、不断受到重视的同时,自去年二季度以来,国际市场及经济状况的急剧变动也为这里带来了同样不可忽视的影响。随着“融资寒冬”的到来,东南亚科创领域所呈现出的这种热火朝天的景象也在某种程度上进入了一段相对放缓的时刻。这时,回到文章开头处的这个问题,可以看到,它所承载的含义中也就包含了更加急迫且复杂的期待——人们会希望看到东南亚的创投热潮将会在何时再度重现,以及,这股浪潮还会为哪些行业领域或者从哪些国家开始为外界带来震撼。

More


Singapore and Vietnam enter new phase of relations

Vietnam Investment Review

Prime Minister of Singapore, Lee Hsien Loong, will pay an official visit to Vietnam this week. Tan See Leng, Singapore’s Minister for Manpower and Second Minister for Trade and Industry, writes about how both economies can bring their economic ties to greater heights.

Singapore and Vietnam are among the top three startup ecosystems in Southeast Asia. With our common goal of driving further economic growth through technology and innovation, there is scope for us both to tap on each other’s innovation ecosystems for partners, funding, and talent. Our collaboration in innovation has gained momentum through BLOCK71 in Ho Chi Minh City, a collaboration between the National University of Singapore and Vietnam’s Becamex IDC, which is currently home to more than 1,000 startups, incubators, and accelerators.

There is also the Global Innovation Alliance node in the same city, where Enterprise Singapore partnered with the Saigon Innovation Hub and Quest Ventures to facilitate startup exchanges between both countries.

More


Kazakhstan Builds Capital Markets Momentum

The Astana Times

Editor’s note: In a recent interview with The Banker, Renat Bekturov, the governor of the Astana International Financial Centre (AIFC) spoke about the AIFC and the evolving landscape of investment opportunities in Kazakhstan. Below is the full text of the interview.

It has created a small but growing space for private investors. For example, one of the start-ups that operates in Tajikistan has registered in AIFC due to the rule of law. We see foreign investors requiring companies from the region to register here. Singapore’s venture capital firm Quest Ventures requires project start-ups to register with AIFC.

We also want to focus on innovation to enable start-ups to raise capital and explore their ideas within our regulator’s fintech sandbox. With the emergence of AI and blockchain, this is an area to focus on as a higher value-add industry to move the country’s economy forward.

More


Kazakhstan builds capital markets momentum

The Banker

Renat Bekturov, the governor of the Astana International Financial Centre, talks to Kimberley Long about how the centre has grown since its launch in 2018, the development of Kazakhstan’s capital markets, and how the centre has benefited from sanctions against Russia.

In terms of the capital market we are at an early stage, but we are pushing it forward with AIX and by creating a jurisdiction that is similar to what fund managers would see elsewhere. We have introduced different flexible structures, allowing the creation of general partnerships, limited partnerships, and limited liability partnerships, for example. Companies in AIFC can have different classes of shares, tailored to different groups of investors.

It has created a small but growing space for private investors. For example, one of the start-ups that operates in Tajikistan has registered in AIFC due to the rule of law. We see foreign investors requiring companies from the region to register here. Singapore’s venture capital firm Quest Ventures requires project start-ups to register with AIFC.

Finally, environmental, social and governance is of course important. We are working with the government to approve the taxonomy of social projects. The next step is to help the country in its aspirations to become carbon neutral by 2060 by creating a carbon units trading system and much more. This is especially important in light of the EU introducing CBAM, the cross-border adjustment mechanism. We believe if we don’t invest in this, we will have to bear the cost in the future.

More


Cebu magnates urged to invest in startups

SunStar

IN THE high stakes arena of startup investment, a seasoned angel investor and a venture capitalist told Cebu business leaders and entrepreneurs not to be afraid of taking risks and to go bold on investing in startups with promising products or services seen to have high demand and potential.

These advantages have an upper hand to steer the success for any startup ecosystem, Joseph de Leon of Manila Angel Investors Network (Main) and James Tan of Quest Venture said during the second day of the “Innovation and Technology: Summit and Expo” organized by the Cebu Chamber of Commerce and Industry as part the months-long celebration of Cebu Business Months 2023 on Friday, Aug. 18, 2023, at the SM Seaside City Cebu.

Tan is the founder and managing partner at Quest Ventures, a pioneering venture capital fund in Asia based in Singapore centering on technological advances, while de Leon is a founding Member of Main.

More


Inaugural iGnite Award 2023: Empowering the next generation of NUS-affiliated impact start-ups

NUS News

A start-up catalysing waste reduction for positive sustainability impact. An innovative venture that manufactures body-assistive apparel using patented fabric-based air-spring technology to reduce muscle effort and potential injury when doing physical work. A research-based company that collects and transforms organic waste from farmers into an array of sustainable alternative materials.

These were the NUS-affiliated start-ups recognised for making significant environmental, social or sustainability-related impacts at the iGnite Award, organised by Alpha JWC Ventures in partnership with NUS Enterprise. The iGnite Award is the flagship start-up support programme of Alpha JWC Ventures, designed to nurture the next generation of impact-driven founders. Through their partnership with NUS, the award now extends its support to recognise and empower promising early-stage impact start-ups affiliated with NUS, enabling them to create a lasting positive impact on communities.

… six start-ups advanced to the grand finals on 26 July 2023, where they presented their transformative solutions to a distinguished panel of judges representing pioneers in the start-up space: Mr Brian Koh, Director of Ecosystem Development, NUS Enterprise; Mr Jefrey Joe, Managing Partner, Alpha JWC Ventures; and Mr James Tan, Chairman, Action Community for Entrepreneurship (ACE).

More


Walking the talk with food waste

The Business Times

The startup he is CEO of, treatsure, has matured in tandem. By the company’s estimates, the platform has collectively saved 50 tonnes of food from waste and reached 80,000 users locally.

From its initial “buffet-in-a-box” concept that enabled users to pay for a box of excess food from hotel buffets, the app ventured into surplus grocery distribution, and now runs a concept store in the middle of the central business district that offers a range of sustainability experiences and education.

But at its core, little has changed, said Wong, now 34. “Our mission is still to get everyone to treat food as treasure.”

This steady growth has affirmed their choice to tackle food waste via a sustainable business model that offers consumers and businesses alike incentives, rather than one that relies on donations or goodwill offerings.

So far, treatsure has raised funding from venture capital firm Quest Ventures and raiSE Singapore. It is actively pitching for a new round of investors.

“In this part of the world, we’ve seen less funding going towards tech startups in the food waste sustainability space. The focus has traditionally been on agritech, alternative protein and vertical farms,” said Wong.

More


勇闯哈萨克斯坦探索中亚商机

Lianhe Zaobao

位处欧亚大陆的广袤草原国度,哈萨克斯坦是新加坡在中亚最大的贸易伙伴,去年双边商品贸易总额为4亿1230万元。根据新加坡企业发展局资料,目前有超过30家我国公司在当地设有实体办事处。本期《商游四海》聚焦哈萨克斯坦的商机,看看这个中亚最大经济体,能为新加坡商家带来哪些机遇。

(求索创投)成立于2011年,获包括新加坡和哈萨克斯坦主权财富基金的支持。

我们决定投资哈萨克斯坦前,比较了邻近的乌兹别克斯坦、土库曼斯坦和阿塞拜疆,哈萨克斯坦具备了我们须要的所有条件。

我们在那里在三年内,投资了30多家公司,是投最多公司 的风投。加上其他风投的投资项目,有足够的量吸引投资成熟 项目的资金进来。

More