About
Action Community for Entrepreneurship (ACE) is the national voice for the Singapore startup ecosystem, and a key trade association representing the interests of startups in Singapore. ACE has more than 2,000 members, representing over 1,300 startups.
ACE constantly seeks to build a vibrant and sustainable startup ecosystem in Singapore, and focuses on five key pillars: Startups, Corporations, Institutes of Higher Learning, Risk Capital, and Public Sector. As the driving force behind Singapore as an Innovation Island, ACE is creating a virtual and physical space where ideas, knowledge, and capabilities are transformed into value efficiently.
ACE was established in 2003 by the Singapore Ministry of Trade and Industry, and re-launched as a private sector-led, non-profit organisation in 2014. ACE’s Patron is Dr Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry.
Working closely with the Government and startups, ACE aims to promote entrepreneurship, catalyse new growth opportunities, scale startups and build champion enterprises.

Vision
ACE’s vision for the 5 pillars
- Startups – Singapore is the go-to for all things startup, providing the most fertile ground and best resources for entrepreneurship in the region.
- Corporations – Corporations can efficiently find best-fit startups to enhance existing offerings and adopt new capabilities for market expansion.
- IHLs – New technologies developed by universities and youth talent are effectively adopted and hired by startups.
- Risk Capital – Create a solid supply of viable and scalable startups for investment that reap good returns.
- Public Sectors – Able to easily source for innovative startups that can solve various problems, such as ways to create a viable economy to traffic congestion.
Mission
ACE serves all Innovation and Enterprise Stakeholders by creating a nurturing environment for competition that leads to healthy and efficient startups.

Journey

2003
ACE was launched to transform the entrepreneurial landscape in Singapore, with Mr Raymond Lim, Minister of State, Ministry of Foreign Affairs & Ministry of Trade and Industry (2001 – 2004) appointed as Chairman of ACE
2004
Dr Vivian Balakrishnan, Senior Minister of State, Ministry of Trade and Industry (2004 – 2005) took over as the Chairman of ACE


2006
Mr Lee Yi Shyan, Minister of State, Ministry of Trade and Industry (2006 – 2012) took over as Chairman of ACE
2011
Mr Teo Ser Luck, Minister of State, Ministry of Trade and Industry (2011 – 2015) was appointed as Patron of ACE


2014
ACE was re-launched as a private sector led, non-profit organisation
2016
Dr Koh Poh Koon, Senior Minister of State, Ministry of Trade and Industry (2016 - 2019) took over as Patron of ACE


2020
Dr. Tan See Leng, Minister in the Prime Minister’s Office, Second Minister for Manpower, and Second Minister for Trade and Industry took over as Patron of ACE
Our Team
- Patron
- Board of Directors
- Management Team
- Youth Sub Committee
- Angel Investors Sub Committee
- Appointments & HR Sub Committee
- Audit & Compliance Sub Committee
- Communications Sub Committee
- Corporate Innovation (CI) Sub Committee
- Early Stage VCs Sub Committee
- Finance & Investments (F&I) Sub Committee
- Growth Stage VCs Sub Committee
- Post-Secondary Education Institutions (PSEI) Sub Committee
- Women Founders Sub Committee

Dr. Tan See Leng
Minister for Manpower and Second Minister for Trade and Industry

Tracy Lee
Manager,
Finance

Kevin Neo
Manager,
Startup Development
(Membership)

Benjamin Emmanuel Lee
ChairpersonCo-founder & CEO, Sealed Network

Raymond Choong
Chairperson
Partner, FocusTech Ventures Pte Ltd

Phey Teck Moh
Member
Partner, AngelCentral

James Tan
Chairperson
ACE Chairman & Managing Partner, Quest Ventures

Edwin Chow
Member
Assistant CEO, Enterprise Singapore

Marcus Tan
Member
Co-founder, Carousell

Mohamed Nasser Ismail
Member
Senior Vice President, Global Head of Equity Capital Markets, SGX

Philip Kwa
Chairperson
Co-founder & Director of Advisory Services, GMC16 Pte Ltd

Chak Kong Soon
Member
Managing Partner, Stream Global Pte Ltd

Prashant Agarwal
Member
Head - Digital, Customer & Ecosystems Marketing, AIA Group

Jeffrey Seah
Chairperson
Partner, Quest Ventures

Jupe Tan
Chairperson
Managing Partner - Asia Pacific, Plug and Play Tech Center

Lim Qing Ru
Co-Chair
ACE Board Member & Partner, True Global Ventures

Patrick Yeo
Member
Partner & Venture Hub Leader, PwC Singapore

Aylwin Tan
Member
Chief Customer Solutions Officer & Head of Innovation Lab, CapitaLand

Jeffrey Paine
Chairperson
Managing Partner, Golden Gate Ventures

Alan Kuan Hsu
Member
General Partner, KK Fund

Remi Choong
Member
Principal, Elev8.VC

Tiang Lim Foo
Member
Co-founder & Partner, Forge Ventures

Saurav Bhattacharyya
Chairperson
CEO, Quantum Inventions

Carmen Yuen
Chairperson
Partner, Vertex Ventures

Albert Shyy
Member
Managing Director - Asia, Burda Principal Investments

Jessica Huang
Member
Executive Director, Openspace Ventures

Marc Dragon
Member
Managing Director, Reefknot Investments

Tan Ching Ching
Chairperson
Director - The Sandbox, Innovation & Entrepreneurship Office, Ngee Ann Polytechnic

Tham Mei Leng
Member
Director - School of Business & Services, ITE College Central

Yang Tien
Member
Director - Innovation & Enterprise Office, Nanyang Polytechnic

Neo Gim Kian
Member
Director - Office of Entrepreneurship Development, Republic Polytechnic

Samuel Ang
Member
General manager - SPINOFF Centre, The Entrepreneurship Centre, Singapore Polytechnic

Wallace Lim
Member
Director - Innovation & Entrepreneurship, Temasek Polytechnic