Experience the pulse of Asia's innovation and connect with Asia's technology industry!Love our content? We love you too!Organizing an event? Share it with Asia's tech community on e27!Change the world! Over 200 tech industry jobs in Asia and growing
Business  9, Apr 2014

SingTel launches new alliance Innov8 Sparks for startups

By

Assistance will come in the form of working space, resources and local introductions in Asia Pacific

Singaporean telecom conglomerate SingTel has today announced that it has launched a “first-of-its-kind” alliance in Asia Pacific to give startups that extra boost in market expansion efforts. Eligible startups will receive assistance to expand out of home countries, and into locations where SingTel has a subsidiary, such as Australia, Indonesia, the Philippines, Singapore and Thailand.

According to an official statement, the founding members of this aforementioned alliance are: SingTel Innov8, the venture arm of SingTel; AIS The Startup; Kickstart Ventures by Globe; Optus-Innov8 Seed; and Telkomsel‘s Teman-Dev.

Also Read: Orange Japan brings startup accelerator programme to Seoul and Taipei

Dustin Cheng, CEO, ZAP, a Philippines-based rewards platform, Echelon alumnus and a recipient of Kickstart Ventures’ support, said, “Entering new markets is especially hard for a startup. ZAP has benefited from new connections to both, investors and partners provided by Kickstart Ventures and other members of Innov8 Sparks.”

Assistance could come in the form of working space, introductions to local partners and resources like local market information, according to the official website.

For the record, SingTel Innov8 has a total of 33 startups in its portfolio, including Ruckus Wireless, Viki, Maker Studios and Fab. The venture fund has an initial fund size of S$200 million (about US$159 million).

Elaine Huang

Elaine Huang

Elaine is a fervent believer that if there ever is a zombie apocalypse, we will all be snapping away at them with our phones and posting them onto Instagram. A Mass Communication graduate of Ngee Ann Polytechnic's School of Film and Media Studies, she enjoys writing about technology and entrepreneurs. When not hashtagging her way through all sorts of trouble, Elaine is probably contemplating how to write in the third person.

Work for a Startup

Finance Director
Saena Partners
Systems Engineer
StaffOnDemand
IT Support Associate
Saena Partners
Marketing Executive
Rocket Internet
Web Designer
Saena Partners