Singtel teams up with telcos to boost startup ecosystems

Singapore

SINGAPORE Telecommunications' startup innovation arm, Singtel Innov8, has teamed up with its counterparts in Orange (Orange Fab), Deutsche Telekom (hub:raum) and Telefónica (Telefónica Open Future) to join up the startup ecosystems across South-east Asia, Africa, Europe, Latin America and the Middle East.

Singtel Innov8 is a venture capital fund wholly owned by Singtel, with its own set of decision-making, approval and funding processes. It has a fund size of US$250 million with offices in Singapore, Silicon Valley, Tel Aviv and Beijing.