The start-up innovation arms of Singtel (Singtel Innov8), Orange (Orange Fab), Deutsche Telekom (hub:raum) and Telefónica (Telefónica Open Future) have collaborated to bridge the start-up ecosystems across Southeast Asia, Africa, Europe, Latin America and the Middle East.
According to a joint media statement, this partnership aims to catalyse the growth of eligible start-ups and launch them beyond their respective home markets.
Under this partnership, selected start-ups will have the benefit of tapping into the resources and network of the four telecommunication companies. This includes market insights, introduction to partners, the use of co-working spaces and access to the companies' operating businesses.
In addition, they may also have the opportunity to gain access to the operators' collective mobile customer base of over a billion people across the four continents.
"Through Singtel Innov8's deep connections in Southeast Asia, we can help open doors for African, European, Middle Eastern and Latin American start-ups to the region. Similarly, our portfolio companies can leverage this partnership to expand beyond their home markets," said Edgar Hardless, CEO, Singtel Innov8.
"Having built up an extensive experience of working hand-in-glove with start-ups across the world, Orange sees the formation of global partnerships such as this critical next step to ensure that digital innovators continue to flourish," added Nathalie Boulanger, Start-up Ecosystem Director, Orange. "With our collective and complementary footprints spanning four continents, we can provide start-ups with access to new markets, thereby enabling them to accelerate their growth further."
Sign up for CIO Asia eNewsletters.