by guarantee founded 1997 location singapore key people charlie c. tan founder singapore chapter tay kheng tiong chairman wong jeh shyan ceo ramesh vakkiprath coo products technology incubation catalyst venture funding online certification number of employees 155 in group website www.cnsg.com.sg commercenet singapore is a not for profit organisation . it is part of the palo alto california based global commercenet 1 2 consortium of business partners that organises resources from the industry plans and executes key strategies . on its website 3 commercenet singapore expressedly that they seek to sustain market initiatives that promote security innovations and develop human intellectual financial and cultural capitals within the self sustaining enterprise ecosystems . in recent years commercenet singapore has also made a name for itself in assisting and turning around failing technopreneurs and entrepreneurs ; reviving start ups and advising corporate entities in financial difficulties often prior to their bankruptcies . it has become one of rare organisation acting as a place of last resort for those seeking assistance in singapore . contents 1 goals 2 history 3 projects 4 investments 5 partners 6 references 7 external links goals edit the consortium has been involved actively in initiatives that pioneer and advance new and usually untested technology . the consortium s main aim is to keep up a strategic role as a pilot project initiator . they usually influence and encourage innovation 4 and driving progress in new areas of operation through grants market access and other technical assistance . although the name implies the geographic region of singapore the consortium is known to operate beyond its territory . as most members of the consortium are mncs operating out of singapore commercenet singapore follows its members to new markets regionally . this anomaly occurred as singapore is known to host the operation headquarters of many mncs . 5 6 commercenet singapore has established a reputation as a neutral technology facilitator and catalyst . it helps create environments that encourage the flow of new ideas and concepts . initial activities include creating a unified ecommerce and ebusiness movement . it is now the leading independent non profit technology organisation in asean . member driven initiatives today include diverse test beds that advance ebusiness industry wide strategic initiatives creation of business value advanced education mediation and certification worldwide . among some of its better known certification is the trustsg 7 8 initiatives . it is one of the few organization still actively promoting online commerce in singapore and asean . in a strong departure from its earlier years from 2006 commercenet singapore had refocused to take on and implement a portfolio mix of long term and short term initiatives . among the initiatives requested by its members are those of high risk untried and theoretical ideas that fulfil the promise of the general commercialisation of technologies especially pertaining to the internet and project finance . the structure of commercenet singapore is designed to be neutral allowing it tap market intelligence for more effective decision making . new complex programmes are usually designed redefined during incubation process or when implemented by commercenet singapore . the projects are usually for industry wide application with focus often resulting to lowering of transaction costs and allowing the creation of new categories of products and services . fundings for the consortium come largely from sponsorships membership dues government grants pilot projects grants as well as project management fees . history edit the commercenet consortium history in singapore is well documented . its early days saw the consortium engaging many of the industry players in its daily activities . this has brought in large amount of financing to the consortium allowing it to grow rapidly . the pro tem committee of commercenet singapore signed the global partner mou with commercenet . that brought singapore member companies into the fold of the 500 strong commercenet members worldwide . the consortium also sits on global electronic commerce board gecb . following the mou commercenet singapore was formed and incorporated in february 1998 as a not for profit public company limited by guarantee . among the key initiators are entrepreneur mr. charlie tan assisted by dr. toh see kiat 9 a former member of parliament in singapore . the first inaugural board meeting was held in march 1998 . membership grew rapidly and by april 1998 the consortium achieved 20 funding members . the consortium sent its representatives to gecb meeting in amsterdam in april 1998 . the first corporate members meeting was held in may 1998 setting the tone and pace of the consortium in singapore . commercenet singapore become the first singapore organisation to launch xml and metadata seminar held in november 1998 . the high profile international seminar attracted a keen following with more and more industry players joining the consortium . the consortium set its sights beyond its members and launched a common accreditation scheme to enhance trust known as casetrust in collaboration with retail promotion centre and consumer association of singapore in april 1999 . 10 it was a founding partner in global trustmark alliance 11 with bbbonline . 12 the consortium was actively promoting intellectual property protection sitting on ip taskforce 13 and had worked with business software alliance bsa 14 to achieve its goal . projects edit curriculum development specialist diploma priogrammes epublic eye casetrust 10 consumertrust businesstrust privacytrust trustsg 7 bsa business software alliance initiatives 15 market intelligence reports iteknocity 16 17 itcn asia e global conference e global awards singapore national infocomm awards 18 prt assistance programme digital printing promotion dadabhoy university online gaming initiatives investments edit one specialty of commercenet singapore is its ability to arrange funding for very early stage and very high risk projects . it has built a very close working relationship with cnsg consulting group which consists mostly of ex commercenet singapore s consultative partners or cps . the common investment quantum varies from bite size us 100 000 to syndicated us 10 000 000 for technological projects that has an industry wide impact . smaller amounts are usually given out as one off grants mostly to singapore and asean based companies . more than 515 companies in singapore alone had received grants from commercenet singapore from 2005 to end 2007 with the bulk approved for e commerce and trustmark certification projects . partners edit commercenet singapore collaborates actively with international consortia and agencies like kiec 19 kotba 20 kotra jipdec ecom ie singapore sedb singapore ida and others including private sector industrial r & d labs as well as universities colleges and institutes of higher learning . commercenet singapore also played an active role in asia trustmark alliance ata and work closely within ata framework with bodies like gbde . 21 references edit commercenet . commercenet . 2007 . retrieved 2007 09 07 . commercenet snapshot . businessweek . 2009 . retrieved 2009 06 14 . commercenet singapore . commercenet singapore . 2007 . retrieved 2009 05 08 . republic polytechnic launches first ever hybrid specialist diploma catering to today s multi skilled time tight workers . republic polytechnic . 2003 . retrieved 2009 05 08 . international hub for business . singapore economic development board sedb . 2009 . retrieved 2009 05 08 . uniquely singapore . asiabiz strategy . 2007 . retrieved 2009 05 08 . a b authorised code owners . infocomm development authority of singapore ida . august 2008 . retrieved 2009 05 07 . privacy white lists don t be fooled 2009 . galexia . august 2008 . retrieved 2010 02 13 . toh see kiat . captel nanyang technological university singapore . 2007 . retrieved 2009 05 07 . a b phr2004 the republic of singapore . privacy international . 16 november 2004 . retrieved 2009 06 15 . global trustmark alliance . global trustmark alliance gta . 2004 11 30 . retrieved 2008 04 21 . bbb online . bbb . 2006 . retrieved 2009 05 07 . ipos announces ip taskforce members taskforce to educate business community on new ip laws . intellectual property office of singapore ipos . 2003 06 24 . retrieved 2008 04 21 . bsa and commercenet singapore sign mou on software usage . business software alliance bsa . 2007 06 27 . retrieved 2008 10 19 . bsa insures companies against illegal risks . zdnetasia . 27 june 2007 . retrieved 2010 02 13 . directory of science and technology parks incubators and cities in idb member countries . idb educationdev.net . 2009 . retrieved 2009 06 15 . commercenet explores high tech park possibilities . arab news saudi arabia . 8 october 2002 01 sha ban 1423 . retrieved 2009 06 15 . dead link launch of the first national infocomm awards national recognition for excellence in infocomm innovations . infocomm development authority of singapore . 3 september 2001 . retrieved 2009 06 14 . korea institute for electronic commerce . kiec . 2008 . retrieved 2008 04 21 . korea telematics business association . kotba . 2008 . retrieved 2008 04 21 . global business dialogue on electronic commerce . gbde . 2007 . retrieved 2008 04 21 . external links edit commercenet singapore web site commercenet web site commercenet taiwan homepage commercenet korea homepage trustsg web site retrieved from https en.wikipedia.org w index.php title commercenet singapore & oldid 731800415 categories non profit organisations based in singaporeorganizations established in 1997hidden categories all articles with dead external linksarticles with dead external links from october 2010pages using infobox company with unsupported parameters navigation menu personal 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