TNF Ventures will officially launch this May 18, and is inviting startups to its fun mini-poker tournament. Aspiring participants must submit a video clip in order to get selected by investors and mentors to play in the poker game which will be held on launch day. Basically, TNF Ventures is creating a setting where participants can reveal their pokerfaces, allowing both startups and investor mentors to interact and understand each other in a fun and relaxed manner.
The investors at TNF Ventures are made up of established entrepreneurs and professionals within the ICT industry, where most have experience in bringing companies from their infancy stages to public listings, and they will be pretty hands on mentoring startups. On top of the investment factor, they’re looking to guide startups to success.
TNF Ventures is also one of the eight incubators which was recently selected under the National Research Foundation (NRF) Technology Incubation Scheme (TIS) in Singapore. Along with the NRF, they are looking to invest approximately S$500,000 (US$400,000) to S$600,0000 ($480,000) in each startup, and will also assist startups for follow-on funding.
According to Shirley Wong, managing partner at TNF Ventures, each startup will be assisted by at least two investor mentors. As TNF Ventures is not limiting the number of startups to fund, it will be selective with the startups they choose to invest in, as investor mentors will be spending much time and resources working closely with startups to maximize their chances of success.
Shirley added:
TNF Venture’s vision is to help local startups to achieve success, which will spawn more entrepreneurship in the industry. Since most investor mentors have built their expertise in [areas of] telecommunications, media, medic and eco-technologies, TNF Ventures will be focusing investments in these, and the startups which [we will be] investing in are likely to be Singapore-based companies.
So if you’re a Singapore-based startup within those afore-mentioned sectors, you can submit your video application to stand a chance of having a go at the poker game. Details below:
Video Contest
Contest link: bit.ly/tnfpoker
TNF Ventures Launch
Date: 18 May 2012
Time: 4.30pm – 7.30pm
Venue: Media Development Authority, F11 Screening Room, 3 Fusionopolis Way, Symbiosis Singapore 138633
RSVP: bit.ly/TNF_RSVP
This post TNF Ventures Invites You For a Game Of Poker, and Looks To Fund US$480,000 per Startup appeared first on Tech in Asia.