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YCH Launches Supply Chain Angels in Collaboration with National Research Foundation

On 17 May 2016, YCH Group announced the launch of Supply Chain Angels (SCAngels), its corporate venture arm. Co-invested by National Research Foundation (NRF) under the Early Stage Venture Funding Scheme III (ESVF III), SCAngels invests in startups that are synergistic and complementary to YCH’s business.

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The aim of Supply Chain Angels is to “Creating Unicorns in the Supply Chain”. Through SCAngels, YCH Group will invest S$10 million with NRF providing funding support on a 1:1 matching basis, focusing on investments in the following areas:

  • “Uberisation” of Logistics: New and smart ways of maximising the utilisation of capital and assets in areas such as reverse logistics, warehousing etc
  • The Internet of Things (IoT) that provides supply chain professionals with greater visibility, accuracy and pinpoint identification of potential issues throughout supply chain processes
  • 3D printing for on demand production and where products can be virtually warehoused
  • Big Data: Advanced supply chain technologies of the future that will automate decision making
  • Robotics such as drones, smart warehouse robots, smart machines and automation
  • FinTech: Revolutionising the supply chain financing system
The startups will be encouraged to locate in Supply Chain City. Companies selected in the early stage will have direct access to industry, start-up and management expertise of companies such as Accenture, Golden Gate Ventures, Dell, Rolls Royce, as well as mentorship from industry veterans working with YCH and Y3 Technologies on topics such as operational feasibility, implementation, Industry knowledge, and potential customer contacts.

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The announcement was made by Dr Vivian Balakrishnan, Minister for Foreign Affairs during his opening speech at InnovFest Unbound at Marina Bay Sands. Other companies collaborating with NRF include CapitaLand, DeClout and Wilmar International.

Dr Robert Yap, Executive Chairman of YCH Group, is Chairman of SCA. He shared, “YCH is committed to contributing to the growth of the supply chain start-up environment by equipping its players with the right technical, operational and knowledge capabilities. We look forward to the creation of innovative products that can be scaled and used in Singapore and other countries.”

Said James Ong, our Head of Corporate Finance is an Investment Committee Member of SCA, “We look forward to working with NRF to monitor the changing landscape of the Supply Chain and Logistics industries to identify early stage companies with high growth potential and a technology focus that would fit into the ecosystem which YCH is developing within Supply Chain City.”

This ecosystem will offer the best in knowledge and expertise as well as provide a platform for startups to test bed new and innovative ideas. The community will also offer start-ups easier access to potential customers, the right mentors and opportunities to embrace ideas and disruptive technologies.

For more information about SCAngels, visit www.SCAngels.com.sg

 
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  image1 The YCH60 logo is formed by the number ‘6’ and shi ‘十’, ten in Chinese, making up sixty, signifying six decades of supply chain excellence. The shadow of the combination represents the Chinese character sheng ‘升’ or RISE, YCH’s corporate philosophy.  The combination also resembles ye ‘叶’, the first character of our Chinese company name ‘叶水福’.  
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