I just got off the phone with someone from SingTel, and learnt about an upcoming briefing on iChallenge 08, its latest initiative under the SingTel Partner Programme (SPP) to drive innovative and insightful Infocomm Technology (ICT) solutions. More on this over at their eDM.
Under the inaugural event, there will be 4 categories modeled along verticals, specifically:
- Healthcare – mobile patient health record
- Logistics – remote vehicle diagnostics
- Workplace Innovation
- Consumer Mobile Application
From its choice of categories, it appears SingTel has tailored this iChallenge competition both with specific business needs (points 1 and 2), and generic ones (3 and 4). Content, for obvious reasons, has been left out of this hybrid event, very much a cross between the RFIs and Y-Combinator approach. The winner of each category will receive a cash prize of S$20,000 (approx. US$13,245 at today’s forex rates), and an opportunity to commercialize the solution with SingTel.
Now, all that’s missing is the jazz of participation by our local early-stage VCs. A large marquee corporate client, equity investments…what downturn? *wink* What’s interesting for me will be the ratio of local to foreign entrepreneurs participating in this, and how they evaluate the winners. More on that after I attend the briefing session.