Telecom firm Singapore Telecommunications has launched an incubation scheme for social impact-focused startups called Singtel Future Makers.
Singtel Future Makers will admit up to seven startups for a six-month course that will involve business workshops, mentoring and coaching support as well as the chance to commercialise their offering with SingTel’s help. Each participating company will receive S$20,000 ($15,000) in funding.
Andrew Buay, Singtel’s vice president of group corporate social responsibility, said: “Social impact start-ups want to bring about meaningful and impactful change to society.
“However, roadblocks in funding support, lack of experience in commercialising business ideas sustainably and missed partnership opportunities can often hamstring even the best idea. Through Singtel Future Makers, we want to play a part to help them turn their ideas into reality.”