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[ 21 July 2005 ] CNSG and Angel Alliance Sign MOU

CommerceNet Singapore (CNSG) and Angel Alliance Group signed a Memorandum of Understanding to collaborate on eCommerce Pilot Projects and Commercial Solutions. Both parties agreed that a lot more have to be done to assist and realise the potential of many smaller companies. The scope of the MOU include collaboration in areas of project evaluation, corporate restructuring, preparation of business plans and management education.

CNSG's Chief Executive Officer, Mr. Jeh Shyan Wong went on a detailed discussion on the possibilities to extend further the collaborative framework to include fundings for start-ups and advanced companies. Of interest to both parties are those in the framework for small businesses mergers and acquisitions, technology incubators; Venture Capital and Angel Investors funding, resource services; financial engineering and financial road maps for emerging technology companies. Angel Alliance Group was represented by Mr. Mustaffa Mohamed.

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