#Asia Singtel to work with startups to solve group’s business challenges

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Through its venture arm, selected startups will receive up to US$52,000 to test and validate their solutions with Singtel

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Singtel Innov8 launched a programme today giving startups the chance to work with Singtel on developing innovative solutions for business challenges faced by the Singtel Group.

Through the Singtel Innov8 Connect, selected startups will receive up to S$75,000 (US$52,000) to test and validate their solutions with Singtel.

Successful solutions may lead to commercialisation with the Singtel Group, providing startups access to the Group’s customer base, which includes enterprises, consumers and more than 575 million mobile customers across Asia, Australia, and Africa.

“Entrepreneurs are looking for problems to solve. This programme enables Singtel to share real-world business challenges and invite solutions from startups globally. It is an excellent opportunity for startups to work directly with Singtel’s business units and validate their solutions,” said Edgar Hardless, CEO of Singtel Innov8.

Also Read: Singtel to work on smart home solutions for Singaporeans

Launched in 2010, Singtel Innov8 is 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.

Singtel Inno8 will publish briefs detailing various business challenges on its Innov8 Connect portal. Startups with relevant solutions can submit their applications through the portal.

Selected startups will then be invited to pitch to a panel of management representatives from the Singtel Group. One company per brief will be chosen to work with Singtel to trial its solution.

Also Read: Airfrov and Ambi Climate win Singtel Accelerator Challenge

Image credit: Shutterstock

The post Singtel to work with startups to solve group’s business challenges appeared first on e27.

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