Telefonica Embraces Open Innovation, Puts Late Stage Enterprise…. Articles. Global Company Venturing
Colin Watt has spent the final three years in Madrid as Director of Human Sources for Telefonica Product Development & Innovation. Segurado said Telefonica Ventures’ funding is on maintain pending a strategic review. Segurado added the programme can also be trying globally, with Telefonica considering a presence in Germany, and it has additionally closed an agreement with the Chinese college Xinhua and native telecoms firm China Unicom to pursue open innovation actions in China.
In a transfer to shake up its corporate venturing technique, Spain-based mostly telecoms firm Telefonica is stepping up its open innovation and putting its late stage venturing on hold. Tracy Isacke, who headed Telefonica’s late stage investment unit Telefonica Ventures from Silicon Valley, has moved to US-based Silicon Valley Bank, the place she will work on corporate venturing relationships alongside Claire Lee.
At first, their alliance will imply Napster replaces Sonora, a subscription music service provided by Telefonica unit Terra in Brazil, Argentina, Colombia, Chile, Peru and Mexico. Telefonica can earn a minority stake in Rhapsody Worldwide as a part Director telefonic of the partnership, but the corporations would not specify how giant it might be or other monetary terms.
We’re reviewing a variety of firms within the portfolio of Telefonica Ventures and can give attention to those with clear alignment with Telefonica technique, before we start funding activity again, in all probability managed from Spain.” The group secured an exit from the Telefonica Ventures portfolio last week, with digital media firm Eventful selling to CBS.
This is a cloud platform any entrepreneur can enter and be connected to our network of incubators and connected with Telefonica to progress in their venture.” She added probably the most fascinating projects could be supplied a presence in co-working spaces of Telefonica. We’ve got new behaviours or attitudes that we’re attempting to implement across all of Telefonica not simply digital. Its essential commercial brands are O2 in northern Europe, Movistar in Spain and Latin America, and Vivo in Brazil.