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    Investing in Technology

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    How we invest

    Investing in Technology

    Technology has disrupted traditional industries, spawning new businesses in its wake. To adapt to this challenging environment, we have expanded our investing and organizational efforts in this area, with a focus on identifying good companies, good technologies and good business models.

    Our holistic approach

    GIC’s ‘ODE to technology’ framework describes our investing and organizational responses to the repercussions of disruptive technology. O-D-E stands for Offence, Defence and Enterprise Excellence.

    • Offence – Gaining from technological disruption by investing in the winners of this shift
    • Defence – Protecting our existing investments as they face disruption
    • Enterprise Excellence – Leveraging technology for our investment and organizational processes

    Investing in technology

    GIC has been investing in the technology space since our founding. Our Technology Business Group monitors and assesses industry trends, and recommends GIC’s overall technology portfolio size and composition, and partnership strategy. Our Technology Investment Group handles most of our early stage investments, through venture capital funds, co-investments and direct investments. We also have sector specialists for public and private market investments.

    We leverage our core strengths to invest in technology:

    Long-Term Orientation

    • Apply a long-term, fundamentals-based approach
    • Stay invested for the long term, including post-IPO for newer companies

    Board Investment Mandate

    • Invest directly and through external fund managers in start-ups, growth companies, pre- and post-listed companies
    • Flexibility in capital structure, investment size, sub-sector, geography and duration of our investments

    Global Presence

    • Local presence in innovation hubs such as Silicon Valley and Beijing, complemented by our global presence through eight other offices
    • Able to spot leads and lags across regions, and capture unique opportunities

    Collaborative & Committed Partner

    • Seek to be a lifetime partner and build multiple touch points with our investee companies
    • Share connections and insights with our investee companies and external fund managers

    Given the uncertain and rapid nature of technological disruption, we remain cautious and selective. We manage investment risk by diversifying, maintaining a robust investment process, adhering to strict pricing discipline, understanding the risk-reward calculus, and sizing the investment.

    Learn more about our investments

    A tech-driven organization

    At GIC, we have stepped up our operational capabilities to leverage technology more effectively, to harness data, deepen insights and sharpen our competitive edge.

    Technology Group

    • Leads innovation and transformation within the organization
    • Develops holistic digital solutions specific to GIC’s needs

    GIC Labs

    • GIC’s in-house innovation lab
    • Accelerates use of innovative technologies and incubates new ideas, in collaboration with business units
    • Undertakes research on tech trends that can be implemented enterprise-wide

    Kepler

    • Finds, incubates and scales up promising radical innovations with the potential to disrupt the institutional asset management industry

    Investing in technology companies

    Technology companies have always had a place in GIC’s portfolio. In recent years, as technology has disrupted traditional industries and spawned new businesses, our investing and organizational efforts in this area have also expanded.

    In this feature article, we answer questions on how we approach and invest in technology.

    GIC: Supporting Enterprises in a Technology-Enabled World

    Speech by Mr Lim Chow Kiat, CEO of GIC, at Bloomberg Sooner Than You Think on 6 Sep 2018

    GIC’s ODE Strategy to Tech Investing

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