Singtel Innov8 has launched Singtel Innov8 Connect (Innov8 Connect), bringing start-ups and Singtel together to create innovative solutions for business challenges faced by the Singtel Group.
Through this programme, 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 both enterprises and consumers and over 575 million mobile customers across Asia, Australia and Africa.
They will also have the opportunity to seek funding from Singtel Innov8 and tap on its network of co-investors and partners across the globe.
Edgar Hardless, CEO of Singtel Innov8 said: “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.”
“Entrepreneurs are looking for problems to solve. 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.
Peter Ho, CEO of Hope Technik, a Singtel Innov8 portfolio company said: “The investment and support from Singtel Innov8 have really helped Hope Technik punch above its weight class. Through Singtel, we have a better understanding of the opportunities and challenges faced by large enterprises, which allows us to create more relevant and impactful solutions.”
As the venture arm of the Singtel Group, Singtel Innov8’s mandate is to scout and provide the Group with insights and early access to emerging technologies, as well as to nurture the innovation ecosystem in Southeast Asia. Innov8 Connect is part of Singtel Innov8’s initiatives to create greater awareness for Singtel’s innovation agenda and engagement with start-up ecosystems.
Innov8 Connect Application and Selection Process
Through the Innov8 Connect portal (innov8connect.com), Singtel Innov8 will publish briefs detailing various business challenges. Start-ups with relevant solutions are welcomed to submit their applications through the portal.
Selected start-ups will then be invited to pitch to a panel of management representatives from the Singtel Group. After a rigorous selection process, one company per brief will be chosen to work with Singtel to trial its solution.