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News  21, Sep 2010

SingTel sets up $150M venture fund

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singtel-logoSingTel, the largest telco operator in SouthEast Asia, has announced a whopping US$150 million fund to drive innovation, invest in innovative technologies and solutions to create future growth engines for the SingTel group.

This news was announced at SingTel’s i.lluminate business conference, confirming the rumors of this fund we have been hearing for the past few months.

SingTel CEO Chua Sock Koong said that they have set up a wholly-owned company called Innov8 to “collaborate with leading innovators, developers, government agencies, R&D organisations as well as other equity providers around the region to promote innovation.”

In a statement released by SingTel, Yvonne Kwek, CEO of Innov8 said, “Innov8 will connect with the innovation hotspots of the world for new ideas, technology, products and services. We will invest in and incubate these innovations, and eventually bring them to market.”

“The investment arm will look specifically into technologies that lead to quantum changes in network capabilities, digital content services and next-generation devices, investments made by Innov8 will ensure that the SingTel Group continues to stay relevant to customers’ needs and capture growth opportunities.”

“The SingTel Innov8 venture fund is part of the company’s plan to transform itself from a traditional telecommunications supplier to a multimedia and information-technology services provider.”

SingTel’s press release didn’t give any more information about Yvonne Kwek. A quick Google turned up an Yvonne Kwek who was an executive director at a venture fund called Crimson Asia Capital and chief financial officer at VOIP firm Mediaring. Speculation was rife a few years ago about SingTel acquiring Mediaring.

  • http://twitter.com/E27sg E27sg

    SingTel sets up $150M venture fund http://bit.ly/ap2Ety
    This comment was originally posted on Twitter

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    SingTel sets up $150M venture fund http://bit.ly/aPOVWg #FastWhisper #Web
    This comment was originally posted on Twitter

  • http://twitter.com/KIPL KIPL

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    This comment was originally posted on Twitter

  • http://twitter.com/CampGiraffe CampGiraffe

    SingTel sets up $150M venture fund: SingTel, the largest telco operator in SouthEast Asia, has announced a whoppin… http://bit.ly/dgGedf
    This comment was originally posted on Twitter

  • http://twitter.com/FastWhisper FastWhisper

    SingTel sets up $150M venture fund http://bit.ly/aPOVWg #FastWhisper #Web

    This comment was originally posted on Twitter

  • http://twitter.com/KIPL KIPL

    SingTel sets up $150M venture fund http://bit.ly/aPOVWg #Web #Asia

    This comment was originally posted on Twitter

  • http://twitter.com/CampGiraffe CampGiraffe

    SingTel sets up $150M venture fund: SingTel, the largest telco operator in SouthEast Asia, has announced a whoppin… http://bit.ly/dgGedf

    This comment was originally posted on Twitter

  • http://twitter.com/E27sg E27sg

    SingTel sets up $150M venture fund http://bit.ly/ap2Ety

    This comment was originally posted on Twitter

  • http://twitter.com/nuttakorn nuttakorn

    RT @E27sg: SingTel sets up $150M venture fund http://bit.ly/ap2Ety
    This comment was originally posted on Twitter

  • http://twitter.com/nuttakorn nuttakorn

    RT @E27sg: SingTel sets up $150M venture fund http://bit.ly/ap2Ety

    This comment was originally posted on Twitter

  • http://twitter.com/dWirianto dWirianto

    RT @E27sg: SingTel sets up $150M venture fund http://bit.ly/ap2Ety
    This comment was originally posted on Twitter

  • http://twitter.com/dWirianto dWirianto

    RT @E27sg: SingTel sets up $150M venture fund http://bit.ly/ap2Ety

    This comment was originally posted on Twitter

  • http://twitter.com/pandion pandion

    RT @E27sg: SingTel sets up $150M venture fund http://bit.ly/ap2Ety
    This comment was originally posted on Twitter

  • http://twitter.com/pandion pandion

    RT @E27sg: SingTel sets up $150M venture fund http://bit.ly/ap2Ety

    This comment was originally posted on Twitter

  • http://twitter.com/serkantoto serkantoto

    NTT Docomo should do this in Japan, too: RT @e27sg SingTel sets up $150M venture fund » e27 http://bit.ly/di5oOD
    This comment was originally posted on Twitter

  • http://twitter.com/serkantoto serkantoto

    NTT Docomo should do this in Japan, too: RT @e27sg SingTel sets up $150M venture fund » e27 http://bit.ly/di5oOD

    This comment was originally posted on Twitter

  • http://twitter.com/hikaru3 hikaru3

    RT @serkantoto: NTT Docomo should do this in Japan, too: RT @e27sg SingTel sets up $150M venture fund » e27 http://bit.ly/di5oOD
    This comment was originally posted on Twitter

  • http://twitter.com/hikaru3 hikaru3

    RT @serkantoto: NTT Docomo should do this in Japan, too: RT @e27sg SingTel sets up $150M venture fund » e27 http://bit.ly/di5oOD

    This comment was originally posted on Twitter

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  • http://twitter.com/youngupstarts youngupstarts

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    RT @E27sg: SingTel sets up $150M venture fund http://bit.ly/ap2Ety

    This comment was originally posted on Twitter

  • http://twitter.com/ntuentrepreneur ntuentrepreneur

    Singtel sets up a 150M Venture Fund: http://bit.ly/singtel150MVC
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  • http://twitter.com/ntuentrepreneur ntuentrepreneur

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    This comment was originally posted on Twitter

  • http://twitter.com/sjustinc sjustinc

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    This comment was originally posted on Twitter

  • http://twitter.com/sjustinc sjustinc

    #Telkomsel / #Indosat should do the same RT @E27sg: SingTel sets up $150M venture fund http://bit.ly/ap2Ety via @dWirianto

    This comment was originally posted on Twitter

  • Shaun

    Singtel will start to own all SMEs that provides services and products. you can say that SMEs will close down or get bought over by Singtel in the near future as they want to control almost everything to do with IT. This statement and perception has been speculated since 2008 over at EDS an HP Company.

  • Shaun

    Singtel will start to own all SMEs that provides services and products. you can say that SMEs will close down or get bought over by Singtel in the near future as they want to control almost everything to do with IT. This statement and perception has been speculated since 2008 over at EDS an HP Company.

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    This comment was originally posted on Twitter

  • http://twitter.com/satishas satishas

    SingTel sets up $150M venture fund » e27 http://bit.ly/di5oOD
    This comment was originally posted on Twitter

  • http://twitter.com/satishas satishas

    SingTel sets up $150M venture fund » e27 http://bit.ly/di5oOD

    This comment was originally posted on Twitter

  • Geof Tan

    I have two University Degrees and a Diploma in Education . I am looking for partners to tap into Singtel
    S150 million Venture Fund.

    If you or your company is interested to tap into Singtel S150 million Venture Fund, kindly call me at

    (65) 98320653 or email me at geof20@yahoo.com. Thank you

  • http://Nil Geof Tan

    I have two University Degrees and a Diploma in Education . I am looking for partners to tap into Singtel
    S150 million Venture Fund.

    If you or your company is interested to tap into Singtel S150 million Venture Fund, kindly call me at

    (65) 98320653 or email me at geof20@yahoo.com. Thank you

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