In an exclusive interview with NewInAsia.com, Prof Edward Tay, Associate Professor at the United Nations Institute of Training and Research, shares his journey as an angel investor and his strategies for supporting unicorn founders in Asia. Prof Tay has a wealth of experience in the startup ecosystem, making him a prominent figure for aspiring entrepreneurs and seasoned investors alike.
Highlights
Background and Investment Experience
Prof Edward Tay has an extensive background in both academia and investment. “Thank you for having me,” he began, “I am an Associate Professor at the United Nations Institute of Training and Research, and I have been actively investing in startups for several years now.”
Key Investment Criteria
When asked about the types of startups and industries he typically invests in, Prof Tay emphasized three main criteria. “Firstly, I look at the founding team. Their education, resilience, and communication with stakeholders are crucial. Secondly, the business model must be scalable and sustainable. Lastly, I evaluate the market climate and the overall team dynamics. These criteria are essential when supporting unicorn founders in Asia.”
Investment Thesis and Strategy
Prof Tay’s investment thesis revolves around comprehensive support for founders. “Supporting unicorn founders in Asia is similar to supporting any other founders. We provide financial advice, emotional support, and leverage our network. Our approach includes monitoring young talents, particularly those with deep tech expertise, from an early age. Furthermore, we also track more experienced individuals with established business acumen.”
Involvement with Invested Companies
Prof Tay is highly involved with the companies he invests in. “We must continuously educate ourselves by reading extensively and attending numerous networking sessions. Events like SWITCH and connections with industry leaders, such as Asia Pro Ventures, are invaluable. This level of involvement is critical when supporting unicorn founders in Asia.”
Value Beyond Capital
Currently, Prof Tay focuses on sustainability. “The climate crisis presents significant challenges, and addressing these issues will generate the necessary revenues to grow future unicorns. This focus on sustainability is particularly important when supporting unicorn founders in Asia.”
Advice for Startups
In his final advice to startups, Prof Tay emphasized the importance of community support. “Come, support Asia Pro Ventures. It’s a great place for founders to find the support they need. I highly recommend it to both budding and established founders.”
Prof Edward Tay’s insights offer invaluable guidance for those navigating the startup ecosystem. His emphasis on support, sustainability, and strategic networking provides a roadmap for aspiring entrepreneurs aiming to achieve unicorn status. Supporting unicorn founders in Asia is not just about financial investment but also about providing the right environment for growth and success.
