Open Innovation: A link between Telefónica and startups - Telefónica Innovation Day 2020

TL;DR

Telefonica and its subsidiaries support startups globally in tech and network innovation for strategic investments and growth opportunities.

Transcript

myself sitting comfortably and we've got the stores here let me ask miguel arya so who is the global entrepreneurship director in guenero telefonica director innovation adventures to come and join me come and sit down with me well it's great pleasure to have both of you here with me so why don't we break the ice with miguel first of all tell us wha... Read More

Key Insights

• 🌐 Telefonica serves as a hub for global innovation, connecting entrepreneurs with corporations.
• 👾 The company transforms spaces into labs to showcase advanced technologies for startup growth.
• 🧑‍💻 Telefonica's focus on strategic investments in tech and network industries drives innovation and growth.
• 👨‍💼 Collaboration with business areas and sponsorship of investments enable startups to integrate technology in-house.
• 🎯 Telefonica Innovation Ventures targets mature startups with product-market fit to solve industry challenges.
• 🔬 The company invests across various ecosystems globally to tap into innovation wherever it may be.
• 😃 Telefonica Tech Ventures focuses on areas like cloud, IoT, big data, and cybersecurity for startup partnerships.

Questions & Answers

Q: How does Telefonica facilitate communication and collaboration between entrepreneurs and corporations?

Telefonica acts as a translator, bridging the language gap between the entrepreneurship ecosystem and corporate entities, facilitating innovation and collaboration globally.

Q: What types of technologies does Telefonica focus on showcasing in its hubs for startups?

Telefonica focuses on exhibiting cutting-edge technologies such as IoT platforms, blockchain, and cloud computing in its hubs to support startups in developing innovative solutions.

Q: What is the primary goal of Telefonica's investment in startups through Telefonica Innovation Ventures?

Telefonica Innovation Ventures aims to identify strategic startups that can address key challenges in the telecom industry and utilize advanced technology to create new business opportunities for growth and innovation.

Q: How does Telefonica differentiate itself in supporting startups compared to other investors?

Telefonica offers differential value by being a strategic investor, providing access to resources, expertise, and alignment with startups to foster growth and innovation collaboratively.

Summary & Key Takeaways

• Telefonica acts as a bridge between entrepreneurs and corporations, fostering innovation globally.

• The company transforms hubs into labs showcasing technology like IoT and blockchain for startups.

• Telefonica supports startups through investments, collaborations, and sponsorship to solve industry challenges.