SingTel Launches L!feLabs in Israel, Increases Investments in R&D and Startups

Singapore’s largest telco SingTel and Amdocs (headquartered in the U.S.) have partnered to launch L!feLabs in Israel. L!feLabs, as described on its website, is established to “inspire and enable ideas to become reality,” helping startups with everything from commercialization, funding, to acquisitions.

The announcement highlighted three key areas of investment for SingTel in Israel:

  • Investment in young Israeli start-up companies, whether through a direct investment of capital or active co-operation aimed at advancing developments and technologies that match SingTel’s future plans.
  • Working with Israeli academic or research institutes by funding studies conducted by the country’s universities, or working on ideas created in such institutions. The aim is to develop them into products and services which SingTel will sell across the countries it operates in.
  • Working with incubators and the angel community to look for interesting business and technology ideas from Israel. SingTel’s initial focus will be on voice and facial recognition as well as technologies that enable mobile and wi-fi networks to work more efficiently and seamlessly.

Allen Lew, the chief executive officer of Group Digital L!fe, SingTel, noted:

“We have been extremely satisfied with the wealth of talent in Israel. We experienced this through our recently acquired global mobile advertising company Amobee which has a technology center in Israel, as well as through our venture capital investments in two Israeli companies in the mobile internet business. This has propelled us to open this new development center to scout for new growth engines for SingTel.”

The newly launched L!feLabs’ website also introduces SingTel’s Regional Seed Network (RSN) which is “an alliance of early stage incubation programs operated by various members of the SingTel Group” so far consisting of SingTel Innov8 (Singapore), AIS The Startup (Thailand), Globe Kickstart Ventures (Philippines), as well as the Optus Innov8 Seed Program (Australia).

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Reporting by Willis Wee; Published in TECHINASIA.

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