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SingTel and Amdocs Open Joint R&D Lab in Israel
Published on:
Singapore's SingTel and Amdocs have opened a joint development center in Israel as part of SingTel's plan to increase investments in research and development.
SingTel L!feLabs @ Israel with Amdocs will focus on reaching out to the local community of entrepreneurs to develop capabilities in key areas as well as conduct proof of concepts and the eventual commercialization of technologies, products and services in the 26 countries where the SingTel Group operates.
In addition to the development center, SingTel will invest in three key areas 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.
The center is a co-investment between SingTel and Amdocs and will be hosted on Amdocs' Ra'anana campus.
Successful projects will be fast-tracked onto SingTel's business approval process to accelerate their time to market.
Tags: [singtel] [amdocs] [Israel]
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