1. 1 WIPO-IFIA INTERNATIONAL SYMPOSIUM ON THE COMMERCIALIZATION OF INVENTIONS IN THE GLOBAL MARKET organized by the World Intellectual Property Organization (WIPO) and the International Federation of Inventors’ Associations (IFIA) in cooperation with the Korean Intellectual Property Office (KIPO) and the Korea Invention Promotion Association (KIPA) Seoul, December 4 to 7, 2002 PARTNERING WITH VENTURE CAPITALISTS AND FINANCING THE DEVELOPMENT AND COMMERCIALIZATION OF INVENTIONS Document prepared by Mr. Stephen Ong, Managing Director, Asian Direct Capital Holdings Sdn Bhd., Kuala Lumpur

2. 2 Mr.Stephen Ong Internet Investment Management Research (UK) Ltd (IIMR Asia Ventures Sdn Bhd) CyberBay Technology Incubation Model

3. 3 Project Goals To incubate technology companies from the talent pool supporting the technology industries in Asia To introduce the San Francisco Bay - “Silicon Valley” development capital model for nurturing technology startups To prepare companies for listing on technology stock exchanges

4. 4 Government Initiative Entrepreneur Driven Technology Venture Startups National Projects CyberBay 2000 Penang Singapore1998 Cyber-Port 2001 Hong Kong Malaysia 1998 Project Positioning

5. 5 Characteristics of Technology Clusters

6. 6 Regional Characteristics Comparison

7. 7 Silicon Valley Model

8. 8 CyberBay Incubation Model Listing Development Project White Paper Technology Projects Management Co Management Expertise Corporate Services Venture Funding Technology Partners Strategic Advice Tech Platform Hosting Services Property Management Co Location Facilities Services Technopreneur

9. 9 Technology Project Incubation

10. 10 Technology Project Life Cycle

11. 11 Incubation of Hotmail.com Incubator + Venture Capital =

12. 12 Ideas x Capital + Incubation = Success + = Nasdaq listing in 18 months (Success : 1 in 3 startups) Still needs US$10m after 27 months (Success : 1 in 10 startups)

13. 13 China.com Internet Projects in the Real World ThirdVoice.com AsiaTravelNetwork

14. 14 CyberBay Venture Capital Partners Transpac Capital

15. 15 CyberBay building Asia’s future Technology Companies with strategic partners to access creative venture capital Questions & Answers Session