Telecom operators making the transition to digital are investing or setting up tech accelerators & incubators
It seems early stage investment in tech accelerators and incubators has become all the rage for operators committed to digital. Digi.com, leading top mobile operators in Malaysia is the latest telco to jump on the bandwagon. Digi.com has launched Digi Accelerate, its maiden accelerator program in which the two winning startups would be able to get up to RM100,000 in seed funding each. The technology accelerator comes after a four-month bootcamp in Bangkok. Digi.com is owned in majority by Telenor (Norway) with 49%. On 24 May 1995 Digi became the first telco in Malaysia to launch and operate a fully digital cellular network.
Digi chief executive officer Albern Murty said the program goes very well with the company’s direction. “We are a telecommunications company, and we are going to be a digital telco going forward. That means we are going to make the biggest and fastest changes in terms of how we do business,” he said.
“For us, this is something that we naturally want to do – this is not a PR position only. This something we really believe in. We see the program as an opportunity for Malaysian startups to use as a springboard,” he said at the launch of Digi Accelerate in Kuala Lumpur yesterday.
Startups will also get to pitch to global and regional venture capitalists, according to Digi. “They will also have potential commercialization opportunities with Digi and the Telenor Group. This opens the door to 200 million customers globally,” Albern declared.
- Who Digi.com are looking for
- An early-stage startup with ready prototype/product launched
- A team with a vision, passion, and commitment to see through challenges
- People of any age, gender, religion, and educational background
Digi.com joins a rather long list of operators around the globe in the quest to find true differentiation. Seeking to eke out a competitive by catching ’em young.
Are tech accelerators part of the answer?
More Here [MalayOnline]