Singtel unit launches 2nd instalment of startup programme

Singapore

SINGTEL Innov8, the wholly owned corporate venture capital fund of Singapore Telecommunications (Sing-tel), announced on Tuesday the second instalment of its Innov8 Connect programme that brings startups in contact with companies within the ambit of the telco group.

The objective is to create innovative solutions for business challenges, according to a spokesman of Singtel Innov8. The unit has a fund size of US$250 million and its own set of decision-making, approval and funding processes.