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Optus launches startup investment fund

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http://www.itwire.com – Optus has launched a fund to invest seed capital in Australian startups in conjunction with parent SingTel's Innnov8 venture capital arm. {loadposition stuart}Austin R Bryan, vice president, digital communities and ecosystems, SingTel and Optus, said the fund would have a ceiling of 250k per investment and a maximum of eight such investments in the first 12 months. Its preference will be to be one of several investors in a startup either as lead investor or with another investor as leader."The Optus Innov8 Seed Program gives Australian startups access to seed funding, mentoring, networking an (IT news)