Corporate Venture Building – The Promise, Potential and Pitfalls

Sanjay Saini, Alberto Munoz Cuevas and Michelle Tan

Co-founder at Stemly | Business Incubation Leader at Schneider Electric | Vice President at EDB New Ventures

as recorded on 3 November 2021 as part of Innov8rs Connect on Venture Building & Scaling

This was a conversation amongst a corporate business leader, a corporate venture co-founder and the Singapore Economic Development Board (EDB) uncovering the promise, potential and pitfalls of corporate venture building. We heard first-hand from our guests Sanjay Saini (Co-founder, Stemly), Alberto Munoz Cuevas (Business Incubation Leader, Schneider Electric), and Michelle Tan (Vice President, EDB New Ventures) as they shared their personal experiences on the benefits of corporate venture building, challenges faced as well as best practices and useful tips.

About the speaker

Sanjay Saini is the co-founder of Stemly, the autonomous forecasting platform for supply chain and finance corporations. He is a seasoned executive with more than 25 years of global experience. Before co-founding Stemly, Sanjay was Vice President for Supply Chain at Anaplan overseeing the Asia Pacific region, during which the firm went public and was listed on NYSE. Prior to that, Sanjay spent 14 years with Oracle, where he was based in the U.S, Singapore, and India, working within consulting and presales domains for supply chain. Sanjay’s experience extends to the software development space for supply chain, corporate governance, risk, and compliance.

Alberto Munoz Cuevas is Business Incubation Leader at Schneider Electric, responsible for incubating and launching new strategic ventures as well as identifying opportunities for partnering and investing in startups. Masters in Architect and Civil Engineering at ETSA Universidad de Sevilla and MBA graduated at Insead business school, prior to Schneider Alberto was an associate partner at McKinsey & company serving large public and private enterprises across 10+ industries and 20+ countries in wide company operations and digital transformations, corporate strategy and business turnaround.

Michelle is currently Vice President of EDB New Ventures, a unit of the Singapore Government spearheading novel ways of supporting companies in their corporate venturing journey. In her 14-year career in EDB, Michelle has held Head-level appointments in the International Organisations Programme Office and Aerospace division and was the Centre Director of EDB's India office. Michelle has also spent 2 year-long secondments at Temasek's Enterprise Development Group where she oversaw the agri-food technology sector as well as at mobilityX, a start-up spun out from SMRT Corporation where she led strategy and business development. Michelle graduated from the National University of Singapore with a Bachelor of Science, majoring in applied mathematics and is also a Sloan Fellow with a Master of Science in Management from Stanford University’s Graduate School of Business.

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