Intel sponsors incubator lab at SMU

Pioneering undergraduates at the Singapore Mangement University will be able to host their own dotcoms on the Internet, thanks to Intel Lab@SMU.

SINGAPORE, 14 June 2000 - Intel Corporation announced that it has sponsored a new incubator lab at the Singapore Management University (SMU).

The Intel Lab@SMU uses server and networking products from Intel Architecture-based e-business solutions.

The Lab provides a functional Internet hosting environment for dotcom companies created by students as part of project work at SMU.

"We hope that the Intel Lab@SMU will be a catalyst for enabling great ideas in dotcoms in a world where all businesses must be e-businesses in the Internet revolution," said John Miner, vice president and general manager, Communications Product Group, Intel Corporation.

SMU students will be able to experience first hand the risks and rewards of starting up Internet companies. Each start-up will add to the databank of knowledge on different business models and will form the basis of a body of case studies for analysis of best practices and the success or failure of such enterprises.

"The Intel Lab@SMU is an example of providing students with a 'real life' business dimension within a learning environment. The skills developed at this incubator lab are meant to prepare students for the varied challenges of the e-business realm," said Professor Janice Bellace, president of SMU.

The university will devise a system of "caps" on the amount each start-up may invest in and students will be guided in their management of financing and in understanding liabilities under a "Venture Creation" course which is part of SMU's curriculum.

SMU's first batch of pioneering undergraduates will begin classes on 1 August 2000 at an interim campus building on Evans Road, within the Bukit Timah campus currently occupied by the National Institute of Education.

The Intel Lab@SMU will move into larger premises whem renovation work on the existing buildings begin at the Bukit Timah campus. The renovations are expected to take a year.

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