One member will close his home tuition startup to focus on the 18-month programme
Seven undergraduates have been selected to form Infocomm Investments Private Limited (IIPL)’s inaugural batch of members for its venture capital management associate programme, according to an official release today.
These seven will join the IIPL Management Associate Track (iMAT) from this month, and will be exposed to the venture capital and startup scene in Singapore.
Nanyang Technological University (NTU) Chemical and Biomolecular Engineering undergraduate Mohammad Fauzan Bin Abdullah Sane is one of the seven selected. Fauzan chose to commit to the 18-month-long iMAT despite receiving an offer to join a consulting firm.
“There is a lot of potential for firsthand learning…because of how raw the Singapore startup ecosystem is, and I want a front-row seat to these opportunities for growth,” said Fauzan.
A second member of the batch, NTU Economics undergraduate Shane Low, started a home tuition business three years ago and will shutter the business to focus on iMAT.
Fauzan and Low had to go through a competition pitting them against other applicants and two rounds of interviews before being confirmed as members of iMAT.
Glints, an IIPL portfolio company charged with leading the identification and recruitment of talent, first sifted through the 190 applications received in the span of one month through October 2015, before shortlisting candidates for the competition designed to demonstrate their wits, teamwork and ability to think on their feet.
After this, 40 candidates were selected for the first round of interviews. The number was further pared down to 18 for the final round of interviews.
“The selection process was carefully designed to identify the right candidates, and the outcome of that bears testament to Management Associates’ commitment and passion in venture capital and the startup ecosystem as well as their fit for this iMAT position,” said Juliana Lim, Executive Manager of Human Resources at IIPL.
When iMAT was announced in September 2015, IIPL targeted eight members. We have reached out to IIPL for comment on why the inaugural batch now consists of seven members instead, and will update this story accordingly
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