Key points:
- US venture capital firm, In-Q-Tel (IQT) has announced the opening of a new office in Singapore, highlighting the region’s growing importance as a tech and venture capital hub.
- Steve Bowsher has taken over as the new Chief Executive Officer of IQT, following a succession plan announced in June 2023.
In-Q-Tel, Inc. (IQT), a United States-based venture capital firm, has announced its strategic expansion into Singapore, with the opening of a new office. This move reflects Singapore’s increasing importance as a hub for technology and venture capital, according to an announcement made by IQT on Thursday.
IQT has been investing internationally since 2002 and has expanded its global footprint by opening offices in London and Sydney in 2018 and 2019, respectively. The organization maintains that its latest move into Singapore builds on its commitment towards identifying and exploring innovative and collaborative opportunities on a global scale. About 100 of IQT’s over 700 investments are in companies located within the United Kingdom, Europe, and Asia Pacific.
Alongside this expansion, IQT has announced a change in its leadership. Serving over 17 years with distinguished service, Steve Bowsher has taken up the role of Chief Executive Officer. He replaces Chris Darby, who retired as part of a succession plan announced in June 2023. IQT’s Board of Trustees praises Bowsher for his deep dedication to innovation, national security, and visionary leadership and anticipates that he will continue to enhance the firm’s work and service to the U.S. intelligence and defense communities and allies.
During his tenure with IQT, Bowsher has played an important role in advancing technology solutions aimed at enhancing the capabilities of U.S. intelligence and defense agencies and their allied partners. The firm believes that his extensive experience in emerging technologies and venture capital, along with his deep understanding of the national security community, will be invaluable in steering IQT into a new era of innovation and impact.
Before moving to IQT, Bowsher worked for eight years as a General Partner of a Silicon Valley venture capital firm, and before that, he was an executive at E\*TRADE.
“I am honored to lead IQT as we continue to serve our government partners and deliver technology capabilities and insights that impact the national security mission of the United States and its allies, “I look forward to deepening and expanding our work and relationships here and abroad,” said Bowsher.
