Archive for the ‘Government Assistance’ Category

So what has a meal got to do with venture management. Philosophically nothing and everything depending how you look at it. Twisted talk. No way.

Had a lunch meet yesterday with Julian Candiah, who was recently appointed as the Deputy General Manager I at Penang Development Corporation (PDC) by none other than Chief Minister of Penang, Lim Guan Eng.

img_2140Julian Candiah has had 14 years’ experience as a banker with various international banks. Chief Minister Lim Guan Eng hoped that with Julian Candiah’s expertise, the state government will be able to restructure its economy to benefit from globalisation trend when the world economy rebounds.

In the photo, Special advisor to the Chief Minister Julian Candiah (right) with Deputy Chief Minister (II) Prof Dr P Ramasamy (left) and Chief Minister Lim Guan Eng.

Julian graduated with a First Class honours Degree in Engineering and a Masters in Manufacturing Management from Cambridge University as a Cambridge Commonwealth Trust scholar.

Between 2000 and 2006, Julian was managing director at BNP Paribas. Prior to that he worked in London, Hong Kong and Singapore at various international investment banks such as Credit Suisse Financial Products, Bear Stearns, J.P. Morgan and Merrill Lynch.

His views on venture management was truly insightful. Julian noted that the success on an endeavor may be limited by the risk involvement that we take. To be successful here, one need to be able to commit to completion one’s business plans with the equatable stakes that one may lose if a failure happens.

But most of all, the art of negotiating and convincing investors to part with their wealth and ability to scrutinize the success levels of entrepreneurs and their project is the key to success. His advise was that if one does not have all the skill sets needed in this industry, it is crucial that one partners with another who has the needed skill set to make venture management a success.

This is not an easy industry to be in, but it is where all the money is.

We ended our conversation of old times and friends, our present career and venture management ideas over a final cup of coffee at Starbucks, compliments from him.

It was a memorable meal for me, as I found that I was in the presence of greatness. He had better composure than some of the C-Level managers that I’ve dealt with in local firms (business dealings) and those I’ve noticed ever so often in MNCs (in my career – day job).


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Company Name: Economic Development Board of Singapore
Company reg. no: nil (Government statutory board)

Company address:
250 North Bridge Road, #20-04 Raffles City Tower

About the organisation:
The Economic Development Board (EDB) is Singapore’s lead agency
responsible for planning and executing strategies to sustain
Singapore’s position as a compelling global hub for business and

Geographical Location of Company/Project
Singapore, South East Asia, North Asia, China, India, North America, Europe

Industry Classification:
Information Technology
Media & Communications
Education Products & Services

Stage of Development:
Generating revenue
Generating profit

Range of Investment
USD500,000 and below
USD500,001 to USD3,000,000

Company Contact Person :
Choo Voon Yim (voonyim@edb.gov.sg)

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