22 Jun '12, 9am

Optus and SingTel Innov8 join forces to launch new 500 Startups-like seed program in Australia

Optus and SingTel Innov8 join forces to launch new 500 Startups-like seed program in Australia

, one of the partners for this program, on what the new seed funding program means for the startup ecosystem here. “In Australia there is a critical funding gap between when a great business has been proven by its founding team and when it is able to raise growth capital from venture funds. This means great companies die when they should not. Singtel/Optus is spending time on the ground with startups and targeting their funds in this ways shows that they have quickly understood the local dynamics and acted to catalyse an ecosystem that is better for everyone. The very tangible engagement of Singtel/Optus across the region is an inspiring example to us all for a powerful, valuable pan-Asian startup ecosystem,” says Phil.

Full article: http://e27.sg/2012/06/22/optus-and-singtel-innov8-join-fo...

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