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Inspiration Day

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Jornada de innovación

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Inspiration Day

  1. 1. OPEN INNOVATION Prototyping the future: Keys to success
  2. 2. Innovation happens everywhere around
  3. 3. Companies that don’t innovate will not survive PERPETUAL REINVENTION
  4. 4. Esta foto de Autor desconocido está bajo licencia CC BY-NC-ND The origins of Venture Capital First ventures
  5. 5. 1946 American Research and Development Corporation (ARDC) 1972 1976 “The unfashionable business of investing in startups in the electronic data processing field” - Forbes 2005 2011 (2006) (2007) (2010) 2014201220031960 First wave of Corporate Venture Capital: General Motors OPEN FUTURE HUBS Innovation Funds Evolution of Venture capital
  6. 6. 2011 startup acceleration vehicles
  7. 7. 2019 startup acceleration vehicles
  8. 8. VC FUNDS ACCELERATOR S CORPORATE VENTURES +130 +150 +30 Spain’s ecosystem
  9. 9. “We choose to go to the moon, not because it is easy, but because it is hard”. The time is now
  10. 10. WE ARE the world’s most global, connected & tech-driven Open Innovation Hub Our Vision Our Vision CORE INNOVATION NETWORK INNOVATION DATA INNOVATION DISCOVERY ALPH A ALPHA HEALTH ALPHA ENERGY OPEN INNOVATION open future_ TELEFONI CA VENTURES Startups aligned with Telefónica Core Business Fund of funds managed by 3rd parties Early stage startups that FIT with Telefónica ALPH A ALPHA HEALTH ALPHA ENERGY Network of incubator’ HUBs co-managed with public & private entities Innovation Funds OPEN FUTURE HUBS
  11. 11. 503 ACTIVE STARTUPS 114 STARTUPS WORKING WITH TELEFONICA 160+ MILLIONS EUROS INVESTED 1.2B EUROS INVESTED BY OTHER PARTIES IN OUR STARTUPS STARTUPS VALUED +€50M 20+ EXITS 64 *All figures as of 31st Dec. 2018
  12. 12. Investment thesis 2011 2018 €40K in cash + €60K in services Open to all types of industries Convertible note Maturity stage MVP 100 – 120 investments per year Up to €150K in cash, services optional AI/ML, Cybersecurity, IoT, VR/AR/XR, BlockChain, Edge- Computing, Deeptech Never alone and never lead Proven track-record 30 – 40 investments per year
  13. 13. SCOUTING Sources of Dealflow VCs Corporate Business Units Partners Talks & EventsAccelerators Scouting Tools Entrepreneurs Bernardo Hernández Javier Perea Enrique Dubois Juan Roig Carlos Domingo Marcos Alves Yago Arreola Calls
  14. 14. 40+ Deep dive in AI STARTUPS INVESTED STARTUPS EXITED 5 11 STARTUPS WITH FIT 6 STARTUPS VALUED + €50M
  15. 15. OPEN INNOVATION
  16. 16. 16 Peter Thiel
  17. 17. 17 OPEN INNOVATION
  18. 18. OPEN INNOVATION WAYRA 3 key elements you need to have in your organization to achieve success
  19. 19. FITTER INCENTIVE SCHEME SPONSORFITTER Person that conects Startups and Corporate SPONSOR A sponsor capable of infecting INCENTIVE SCHEME Recognition of the people involved in this Innovation collaboration THREE KEY ELEMENTS
  20. 20. How to make it possible 20 SCOUT & BIZ LAB BIZ & TEC LAB FACTORY DESIGN RESEARCH CHALLENGES & OPPORTUNITIES INITIATIVES PLAN SOLUTION PROTOTYPING BUSINESS CASE APPROVAL COMMERCIAL
  21. 21. SUM-UP Define a strategy Setup a structure Allocate resources Be Open Be Lean Build Squads
  22. 22. The time is now The Elephant needs to dance with the Gazelles. And not step on their toes 22
  23. 23. THE POWER OF THE FUTURE ARE THE HUMANS

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