1415T1g1 Silicon Vallley/Participant Information/Teams/Team3
Revision as of 16:48, 27 November 2014 by Tyzhang.2012 (talk | contribs)
Teng Yu and Luqman
Teng Yu and Luqman
Teng Yu and Luqman
Teng Yu and Luqman
Teng Yu and Luqman
Companies We're Contacting
Singtel Innov8
Contact Us
If you have any "lobang" or information that would help us in contacting and negotiating with the companies, please contact us:
| Name | Mobile | |
|---|---|---|
| Teng Yu | 8126 3121 | tyzhang.2012@smu.edu.sg |
| Luqman | 8163 5809 | luqmanar.2012@smu.edu.sg |
About Singtel Innov8
Established in 2011, SingTel Innov8, a wholly subsidiary of the SingTel group, is a corporate venture fund with its own decision making, approval and funding process. Being the leading telecommunication company is Singapore, SingTel Innov8's primary targets are network capabilities, next generation devices, digital content services and enablers to enhance customer experience. They received $200 million Singapore Dollars in funding from both their parent company, SingTel group, and Temasak Holdings Singapore. With SingTel group's operations in 26 countries, SingTel Innov8 is able to have a widespread of influence. This allows them to be in the prime position to attract new ventures in these countries. In 2013, SingTel group announced that they will inject $2 billion into SingTel Innov8 over the next three years as part of its expansion plans. This funds will be mainly used for startup acquisition.
Our Approach
SingTel Innov8 was contacted by our Professor, Dr Benjamin Gan. After we received the duties, we conducted research on the company to find out more about their operations.Updates
| Date | Action |
|---|---|
| 8th December 2014 | 1500 to 1615. |
Locations
Areas of Focus
- New Digital Media
- Digital Content
- Enhancers for user experience
- Kai Square - Consolidation of surveillance data
- migme - Chatting application
- Network Capabilities
Case Study
JFDI-Innov8 2012 Bootcamp
- 26th Jan 2012
- 60% of 50 entrepreneurs' ideas were accepted
- Each team was awarded $600k
SWOT Analysis
STRENGTHS
- Parent company is the top telecommunication company in Singapore
- Backed by Temasek Holdings
- Strong overseas presence
- Strong local presence
WEAKNESS
- Legal issues in Australia
- Currency trends
OPPORTUNITIES
- Further expansion plans in place
- Other forms of investments
- Created a incubator with NUS for aspiring entrepreneurs
THREAT
- Latest addition in the market: MyRepublic
- StarHub's i3 program
Learning Points
Through this visit, we hope to understand the process of how a company in Singapore manages to establish a base in San Francisco while fighting off strong competitors. At the same time, we would like to understand more about their project selection criteria and what kind of idea will capture their attention.
