[SINGAPORE] StarHub and SingTel are both gunning for a larger piece of the Silicon Valley-esque startup action.
Come May, StarHub will throw open the doors of its new crowdfunding site, Crowdtivate, to the public. Similar to established players Kickstarter and Indiegogo, Crowdtivate will be a platform for entrepreneurs and artists to get financial help from just about anyone with money to spare.
This platform will be jointly managed by Star-Hub i³ and its partner, Crowdonomic – a local technology solutions and strategic advisory firm.
SingTel also announced that it is marshalling its venture capital (VC) troops under a regional umbrella, called Innov8 Sparks.
This regional alliance builds on the existing work of SingTel Innov8, a corporate VC fund that was set up in 2010 with an initial fund size of $200 million.
Read more at businesstimes.com.sg