SINGTEL on Tuesday launched Singtel Innov8 Connect, a programme that seeks to bring global startups and Singtel together to create "innovative solutions" for business challenges faced by the Singtel group.
Selected startups 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 startups access to the group's over 575 million mobile customers across Asia, Australia and Africa.
Selected startups will also have the opportunity to seek funding from Singtel Innov8, the venture capital arm of the Singtel group, and tap its network of co-investors and partners across the globe.
"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, chief executive of Singtel Innov8.
From Tuesday, Singtel Innov8 Connect will publish briefs detailing various business challenges on its website. Startups with relevant solutions are encouraged to submit their applications; after a "rigorous" selection process, one company per brief will be chosen to work with Singtel to trial its solution.
The first set of 10 project briefs are focused on business challenges in areas such as enterprise cloud, smart and safe city and customer experience.