Kickstart Ventures invites all local startups to join in the 2nd part of the Singtel Innov8’s global call to create innovative solutions for real world business challenges. The second phase follows the success and momentum of the initial Innov8 Connect programme launched in January 2016 which attracted over 120 submissions from startups across 22 countries.
“Through the second round of Innov8 Connect, Philippine startups are given another opportunity to realize their global growth aspirations. Kickstart, through Innov8 Connect, is opening doors for them to penetrate the global market as part of our mission to break down barriers and build bridges between the business community and the startup founders,” said Minette Navarrete, President of Kickstart, a wholly-owned venture capital firm of Globe Telecom.
Innov8 Sparks, in which Kickstart is a founding member currently has 27 portfolio companies spread across the spectrum from SaaS (Software as a Service) for financial services; Healthcare; E-commerce and Online Marketplace, Social Impact; and Digital Lifestyle.
If the startups pass the second round of Innov8 Connect, the ones with the best solutions will receive up to S$75,000 to test and validate their business solutions as proof-of-concepts inside Singtel and Optus in Australia.
In the second round, 14 new business challenges have been identified by Singtel and its Australian arm, Optus, in areas such as the Internet of Things (IoT), augmented reality solutions and artificial intelligence.
“We look forward to working together with more start-ups on the new set of business challenges from this second installment of Innov8 Connect. Through these real challenges that businesses face, we hope to spur greater innovation while identifying and supporting viable solutions that meet the Group’s needs,” said Edgar Hardless, CEO of Singtel Innov8.
Interested? You can submit through the Innov8 Connect portal www.innov8connect.com until October 31, 2016. The portal also contains detailed information on the 14 new business challenges. Selected start-ups will then be invited to pitch to a panel of management representatives from the Singtel Group.