SGInnovate’s founding CEO Steve Leonard to step down in May 2020

Steve Leonard, Founding CEO, SGInnovate, at DEALSTREETASIA's Asia PE-VC Summit 2018 in Singapore.

Steve Leonard, the founding CEO of SGInnovate, is departing the firm in May this year.

According to a statement, the Singapore government-backed deep tech venture builder is in the midst of appointing Leonard’s successor and will make an announcement once details are confirmed.

SGInnovate declined to comment if Leonard will maintain an advisory role upon departure, adding that his next role will be announced “in due course.”

Leonard has been part of SGInnovate’s growth journey since its inception in 2016. Since its launch, the SGInnovate team has built and invested over $28.8 million (S$40 million) in more than 60 deep tech startups and created a deep tech community of over 33,000 people.

“From imagining it in 2015 to its launch in 2016 and operating as a highly-professional group as we enter 2020, I feel tremendous personal pride. The conclusion of my current term in May represents a good time for organisational renewal. Every team moves forward based on fresh ideas and energy, and I’m very confident in the men and women of SGInnovate to continuously bring new capabilities to the deep tech startup ecosystem in Singapore,” said Leonard.

SGInnovate added that it does not anticipate significant updates to its organisation structure, and will remain committed to its mission of helping entrepreneurial scientists build and scale deep tech startups in Singapore.

SGInnovate, a government-backed unit aimed at spurring Singapore’s deep tech sector, is one of two fund managers under the Startup SG Equity Scheme under Enterprise Singapore.

Some of its portfolio companies include AIDA Technologies (AI), Taiger (AI), Horizon Quantum Computing (quantum tech), SpeQtral (quantum tech) and Atomionics (quantum tech).

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.