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Singtel Innov8 launches initiative to develop business solutions with start-ups

Zafirah Salim | Jan. 12, 2016
Selected start-ups will receive up to S$75,000 to test and validate their solutions with Singtel and successful solutions may lead to commercialisation with the Singtel Group.

singtel innovate
Singtel Innov8's logo taken from its Twitter account

Singtel Innov8, the venture capital arm of Singtel Group, launched today Singtel Innov8 Connect - a global programme that allows start-ups to collaborate directly with Singtel to develop innovative solutions for business challenges faced by the Singtel Group.

As part of this initiative, selected start-ups will receive up to S$75,000 to test and validate their solutions with Singtel. Successful solutions may lead to commercialisation with the Singtel Group, providing start-ups access to the Group's customer base, which includes enterprises, consumers, as well as over 575 million mobile customers across Asia, Australia and Africa.

Additionally, start-ups will also have the opportunity to seek funding from Singtel Innov8 and tap on its network of co-investors and partners across the globe to gain exposure to more market access opportunities.

Through the Innov8 Connect portal (innov8connect.com), Singtel Innov8 will publish briefs detailing various business challenges. The first set of 10 project briefs focuses on business challenges in areas such as enterprise cloud, smart and safe city and customer experience.

Start-ups across the globe with relevant solutions are welcomed to submit their applications. Those shortlisted will be invited to pitch to a panel of management representatives from the Singtel Group, where one company per brief will be chosen to work with Singtel to trial its solution.

"Since Innov8's launch in 2010, we have invested and partnered with many talented start-ups globally to help them expand their businesses and introduce innovative technologies to the Singtel Group," said Edgar Hardless, CEO of Singtel Innov8.

"This programme enables Singtel to share real-world business challenges and invite solutions from start-ups globally. It is an excellent opportunity for start-ups to work directly with Singtel's business units and validate their solutions," he added.

 

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