26 Jun '13, 10am

Singapore’s Mediacorp launches investment fund and incubator program to support digital media startups

Singapore’s Mediacorp launches investment fund and incubator program to support digital media startups

Singaporean media company MediaCorp has launched a strategic investment vehicle targeted at startups particularly in the digital media space. The investment vehicle, called The Mediapreneur, is made up of an investment fund that helps startups in seed or series A capital, and an incubator program for startups to test their business ideas and products. This ties in with its spending spree in the tech scene recently, after it led a $40 million investment in luxury shopping site Reebonz and acquired a majority stake in online gaming site Cubinet Interactive . The company’s move indicates an obvious strategic shift toward the digital space, as traditional television is being threatened by a rapid uptake of tablet and mobile video viewing according to a recent report from online video firm Ooyala . Interestingly, MediaCorp’s latest statement also confirms it invested in Ooyala ...

Full article: http://thenextweb.com/asia/2013/06/26/mediacorp-launches-...

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