Wazzup Pilipinas!
Singtel Innov8 has announced a new program which opens doors for startups to collaborate with Singtel to create innovative solutions for business challenges faced by the Singtel Group.
Through Singtel Innov8 Connect which was launched on January 12, selected startups will receive up to S$75,000 to test and validate their solutions with Singtel. Successful solutions may lead to commercialization with the Singtel Group, providing startups 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.
The move is a step forward from the existing initiatives across the Singtel Group, where affiliates run programs that actively support startups and entrepreneurship programs. Globe Telecom in the Philippines, for example, has Kickstart Ventures, a corporate venture capital firm that makes investments in digital startups ranging from seed to Series “C” stage. Other startup-oriented initiatives are run in affiliate operators, namely AIS in Thailand, Telkomsel in Indonesia, and Optus in Australia.
Kickstart in particular runs two funds: Fund 1 is the original US$5Million seed-to-early-stage investment fund focused on startups that originate in the Philippines with an ambition to expand at least regionally; and Fund 2, announced in March 2015, is its US$50Million growth stage fund focused on strategically-aligned startups anywhere in the world. Demonstrating collaboration across the Singtel group, Kickstart and Singtel Innov8 invested last year in Teridion, an Israel-based startup focused on network optimization and content acceleration.



Ross is known as the Pambansang Blogger ng Pilipinas - An Information and Communication Technology (ICT) Professional by profession and a Social Media Evangelist by heart.