& cplSiteName &
SlideshowInside Telefonica's Startup Incubator
Ray Le Maistre
10/15/2012
50%
50%

LONDON -- Telefónica SA (NYSE: TEF) has shown itself to be in the vanguard of traditional telecom operators investing in alternate strategies and new business models. Its Digital division has clearly articulated its strategy, part of which involves setting up Wayra, which provides funding for applications startups. (See Telefónica: A New Breed of Telco, Telefónica: Digital Dreamer? and Telefónica to Hatch Startups .)

Here are the pictures from our visit to give you a flavor of the environment the Wayra team has created for its startups:



Telefónica Digital, of course, isn't just investing in startups -- it's providing them with advice, contacts and the physical resources they need to get started at a number of startup incubator offices in Europe and Latin America.

During a recent visit to the central London office on Capper Street, Gonzalo Martin-Villa, the global director at Wayra, provided Light Reading with an update on Wayra's progress, some insight into how it is nurturing fledgling companies. (See Why Gonzalo Martin-Villa Is Kissing Frogs.)

He told a visiting group of industry analysts that Wayra has received more than 14,000 pitches from startups. "Filtering those has not been easy," noted Martin-Villa, though he explained that the load had been lifted from the Wayra team by inviting Telefónica staff around the world to provide an initial assessment of the pitches. More than 5,000 responded: "They want to be in touch with innovation," he noted.

So far, Wayra has taken on 180 startups in 12 academies located in 11 countries in Europe and Latin America, with each startup getting an angel investment of up to €50,000 (for a stake of up to 10 percent), plus unquantifiable support in the form of office space, facilities and mentoring.

Of the startups housed in Wayra academies, 80 percent are in commercial mode and about 40 percent are working with part of the Telefónica group, either in joint product development or as a commercial partner (either for internal or external deployment). For example, one startup from the Barcelona academy has had its artificial intelligence application for team management deployed by the carrier for internal operational purposes while others have their services in trial with part of the global carrier.

"We are trying a lot of things, a lot of things that Telefónica has never done before. Our main focus, though, is always to do what's best for the startups," noted Martin-Villa, who ultimately has to run Wayra as a commercial unit that provides the parent company with financial returns.

Martin-Villa reveals more on Page 2.

(1)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Pete Baldwin
50%
50%
Pete Baldwin,
User Rank: Light Beer
12/5/2012 | 5:19:07 PM
re: Inside Telefonica's Startup Incubator


Glad you had a chance to peek into this place, Ray. These carrier/startup incubators are interesting, and there's a good level of excitement and enthusiasm there.


I see the London guys know how to dress the part of hip incubator guys. I have to admit, i also like the Battle Zone triangle graphics for the pod numbers.

Featured Video
From The Founder
The 'gleaming city on a hill,' Steve Saunders calls it. But who is going to take us from today's NFV componentry to the grand future of a self-driving network? Here's a look at the vendors hoping to make it happen.
Flash Poll
Upcoming Live Events
September 28, 2017, Denver, CO
October 18, 2017, Colorado Convention Center - Denver, CO
November 1, 2017, The Royal Garden Hotel
November 1, 2017, The Montcalm Marble Arch
November 2, 2017, 8 Northumberland Avenue, London, UK
November 2, 2017, 8 Northumberland Avenue – London
November 10, 2017, The Westin Times Square, New York, NY
November 30, 2017, The Westin Times Square
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
Could 5G Have Found Its Glass Ceiling?
Dan Jones, Mobile Editor, 9/20/2017
1 Million Pirate Set-Top Boxes Sold in the UK
Aditya Kishore, Practice Leader, Video Transformation, Telco Transformation, 9/20/2017
Comcast Shuts Down OTT Again
Mari Silbey, Senior Editor, Cable/Video, 9/19/2017
Why Amazon May Be Cable's Biggest Threat
Mari Silbey, Senior Editor, Cable/Video, 9/22/2017
Photo Highlights: Operations Transformation Forum 2017
Ray Le Maistre, International Group Editor, 9/17/2017
Animals with Phones
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

Like Us on Facebook
Twitter Feed