Singtel Innov8, the corporate venture arm of the Singtel Group, has launched the 2018 Innov8 Connect programme to seek local and global start-ups with innovative solutions that could help accelerate the adoption of IoT technologies.
This year’s Innov8 Connect programme will focus on smart IoT solutions in areas of public infrastructure, transportation, utilities, security, connected homes and personal wellness.
Singtel said it has been trialling applications in environmental sensing, asset tracking and waste management to develop solutions for IoT, a critical lever that enterprises can use to digitally transform their businesses.
Since its launch in 2016, Innov8 Connect has helped start-ups validate their solutions with the Singtel Group. Among the programme’s notable alumni are Moogsoft, a leading provider of artificial intelligence solutions for IT operations; and Xjera Labs, an AI-based image and video analytics company.
In March, Myriota, a global leader in nanosatellite IoT connectivity has raised US$15.6 million in Series A funding from a group of investors that include Innov8, to help bankroll the company’s expansion plans.
Edgar Hardless, CEO, Singtel Innov8
Through a structured programme like Innov8 Connect, we can specify Singtel’s ‘wish-list’ of IoT solutions and help connect with local and global start-ups. This mutually beneficial programme spurs greater innovation by giving start-ups a platform to test and validate their products, enabling them to bring their solutions to the market faster.
