Telcos Make Greater Play for Startup Scene

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[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

2014-04-11T13:18:09+00:00April 11th, 2014|General, telecommunications|0 Comments