SingTel Innov8 (Innov8) is set up by Singapore Telecommunications Limited (SingTel) as a corporate venture company to invest in innovative technologies and solutions to create future growth engines for the Group. Innov8, a wholly-owned subsidiary of SingTel, has an initial fund size of S$200 million (roughly US $150 million).
Innov8 collaborates with leading innovators, developers, government agencies, R&D organizations as well as other equity providers around the region to promote innovation. It works closely with these partners to identify and explore new ideas and technologies, fund and support promising companies and provide access to markets that the SingTel Group operates in.
Innov8 focuses its investments on technologies and solutions that lead to quantum changes in network capabilities, next generation devices, digital content services and enablers to enhance customer experience.
Developers and innovators can leverage the scale and reach of the SingTel Group to access over 350 million customers across Asia and Africa. Innov8 allows developers and innovators to uncover the uniqueness of different markets and help them create better solutions for mass deployment. In return, the SingTel Group gains early access to new technologies, allowing it to enhance its customer proposition and make forays into new markets or segments.
Innov8 is part of the SingTel Group's journey to transform itself from a traditional telecommunications provider to become a leading multimedia and ICT solutions provider.
Current Team (8)Update
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- 07/05/11 -techcrunch.com