Press Release
Singtel Innov8 and NUS to create Singapore’s first regional cyber security start-up hub
IMDA, CSA-backed initiative positions Singapore as a leading Asia Pacific cyber security hub for early, growth stage start-ups and entrepreneurs
Singapore, 5 March, 2018 – Singtel Innov8, the corporate venture capital unit of Singtel, and the National University of Singapore (NUS), through its entrepreneurial arm NUS Enterprise, today joined forces to launch Innovation Cyber Security Ecosystem at Block 71 (ICE71). This will be the country’s first integrated regional cyber security hub to spawn and support early stage and growing start-ups, entrepreneurs and academics from around the world.
Supported by the Cyber Security Agency of Singapore (CSA) and the Infocommunications Media Development Authority (IMDA), ICE71 aims to strengthen Singapore’s growing cyber security ecosystem by attracting and developing competencies and new technologies. Singtel and NUS have been deepening their partnership to support Singapore’s transformation into a Smart Nation and help enable the country’s digital economy. Through the NUS-Singtel Cyber Security Research and Development Laboratory that was set up in 2016, the partners are jointly developing advanced cyber security solutions that could help mitigate the rapid rise in cyber security risks.
“ICE71 is a natural transition for the Singtel and NUS partnership and highlights the urgency of developing innovative solutions to address the rapid increase in the frequency, scale and sophistication of cyber security threats,” said Mr Edgar Hardless, Chief Executive Officer of Singtel Innov8. “Through ICE71, we aim to nurture and groom suitable Singaporean and foreign cyber security start-ups to help bring their ideas to life. With our combined resources, we can help these start-ups fine tune and market their cyber security solutions globally. This comprehensive programme strengthens our cyber security ecosystem and positions Singapore as a sustainable hub for cyber security in the region.”
ICE71 is teaming up with London-based CyLon, Europe’s leading cyber security accelerator, to provide a range of open learning platforms and support to cyber security start-ups through three initial programmes – Inspire, Accelerate and Scale. Inspire is a five-day pre-accelerator boot-camp for researchers, students and aspiring entrepreneurs to test and qualify cyber security business concepts. Accelerate, is a three-month accelerator programme to equip early stage start-ups with financial, business structure and go-to-market strategies to progress their business. Scale is a landing pad designed to provide market access to help growing global and local start-ups to scale their businesses into the Asia Pacific region.
“As a founding partner of ICE71, NUS is excited to help expand the cyber security ecosystem. We have a vibrant community comprising some of the country’s top cyber security expertise at the National Cybersecurity R&D Laboratory, the Singapore Cybersecurity Consortium, and the NUS-Singtel Cyber Security Research and Development Laboratory. We are pleased that ICE71 will be part of this thriving network,” said Dr Lily Chan, CEO of NUS Enterprise. “We see the new cybersecurity track in the Lean LaunchPad Singapore programme to be launched by NUS Enterprise as a move to strengthen the University’s ability to further nurture home-grown competencies and start-ups in the cyber security space.”
ICE71 is a unique initiative that will create a strong regional cyber security ecosystem with solid foundations and links to the global industry. Beyond providing support services such as access to working space, funding, subject matter experts and networking events, ICE71 also provides start-ups with enterprise grade cyber security resources such as Singtel’s cyber-range to test and build proof-of-concept solutions in a virtual environment.
Mr Teo Chin Hock, Deputy Chief Executive (Development) of CSA, said: “The cyber security domain offers opportunities for innovation and economic growth. This partnership highlights our shared commitment to bolster cyber security innovation in Singapore’s start-up ecosystem. By working together with the industry, we aim to prepare entrepreneurs, equip them with the know-how as well as help them, grow and scale up by bringing their ideas and solutions to the global market.”
ICE71 is the second collaboration between Singtel Innov8 and the University’s entrepreneurial division. In 2011, both parties spearheaded the BLOCK71 initiative in Singapore, a strategic programme to help start-ups gain one-stop access to the resources they need to effectively develop and market their solutions to customers. BLOCK71 San Francisco soon followed in 2015 to strengthen ties between the US and Singapore start-up communities and ecosystems. The combination of Singtel Innov8’s sizable cyber security investments in the US and Israel, as well as access to the Singtel Group, and NUS’ global presence, network and history of nurturing current and future entrepreneurial leaders, places the team as pioneers in positioning Singapore on the international stage.
Ms Angeline Poh, Assistant Chief Executive (Industry development) at IMDA, said: “Cybersecurity is a key pillar of the Infocomm Media Industry Transformation Map, and is essential to drive Singapore’s Digital Economy. Through this partnership, we aim to support Singapore's promising cybersecurity start-ups as they accelerate and scale their solutions to address global challenges, from right here in Singapore.”
ICE71 will be opening its doors in April 2018 at Block 71 Ayer Rajah Crescent, the heart of Singapore’s innovation cluster of technology start-ups.
Interested start-ups and cyber security entrepreneurs can find more information at ICE71.sg and register to be a part of the programme. ICE71 will begin its first call global out to invite the inaugural cohort in April 2018. ICE71 and its partners began engaging corporations, government agencies, institutes of higher learning, and industry experts to participate in growing and nurturing the cyber security ecosystem.
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About Singtel
Singtel is Asia's leading communications technology group, providing a portfolio of services from next-generation communication, technology services to infotainment to both consumers and businesses. For consumers, Singtel delivers a complete and integrated suite of services, including mobile, broadband and TV. For businesses, Singtel offers a complementary array of workforce mobility solutions, data hosting, cloud, network infrastructure, analytics and cyber-security capabilities. The Group has presence in Asia, Australia and Africa and reaches about 670 million mobile customers in 22 countries. Its infrastructure and technology services for businesses span 21 countries, with more than 428 direct points of presence in 362 cities.
For more information, visit www.singtel.com
Follow us on Twitter at www.twitter.com/SingtelNews
About Singtel Innov8
Singtel Innov8, the venture capital arm of the Singtel Group, invests in and partners with innovative tech start-ups worldwide. It has a fund size of US$250 million and its own set of decision making, approval and funding processes. Beyond funding, Singtel Innov8 is a gateway for start-ups to tap on the resources and expertise of the Singtel Group, while enabling the Group to gain access to emerging technologies. Singtel Innov8 focuses its investments on technologies and solutions that can lead to quantum changes in network capabilities, next generation devices, digital services and enablers to enhance customer experience. Headquartered in Singapore, Singtel Innov8 also has offices in San Francisco and Tel Aviv.
For more information, visit http://innov8.singtel.com
About National University of Singapore (NUS)
A leading global university centred in Asia, the National University of Singapore (NUS) is Singapore’s flagship university, which offers a global approach to education and research, with a focus on Asian perspectives and expertise.
NUS has 17 faculties and schools across three campuses. Its transformative education includes a broad-based curriculum underscored by multidisciplinary courses and cross-faculty enrichment. Over 38,000 students from 100 countries enrich the community with their diverse social and cultural perspectives. NUS also strives to create a supportive and innovative environment to promote creative enterprise within its community.
NUS takes an integrated and multidisciplinary approach to research, working with partners from industry, government and academia, to address crucial and complex issues relevant to Asia and the world. Researchers in NUS’ Schools and Faculties, 30 university-level research institutes and centres, and Research Centres of Excellence cover a wide range of themes including: energy, environmental and urban sustainability; treatment and prevention of diseases common among Asians; active ageing; advanced materials; risk management and resilience of financial systems. The University’s latest research focus is to use data science, operations research and cybersecurity to support Singapore's Smart Nation initiative.
For more information on NUS, please visit www.nus.edu.sg.
About NUS Enterprise
NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS), plays a pivotal role in advancing innovation and entrepreneurship at NUS and beyond. It actively promotes entrepreneurship and cultivates global mind-sets and talents through the synergies of experiential entrepreneurial education, active industry partnerships, holistic entrepreneurship support and catalytic entrepreneurship outreach. Its initiatives and global connections support a range of entrepreneurial journeys and foster ecosystem building in new markets. These initiatives augment and complement the University’s academic programmes and act as a unique bridge to industry well beyond Singapore’s shores.
For more information, please visit www.enterprise.nus.edu.sg
Media Contacts:
Sonny Phua
Singtel
Manager
Group Strategic Communications and Brand
Tel: +65 6838 6527
Email: sonnyphua@singtel.com
Jonathan Burgos
Singtel
Associate Director
Group Strategic Communications and Brand
Tel: +65 6838 5991
Email: jonathan.burgos@singtel.com
Carol Lo
NUS Enterprise
Deputy Director, Marketing & Communications
Tel: +65 6516 1003
Email: carol.lo@nus.edu.sg
