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Open Innovation

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Open Innovation

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Open Innovation

  1. 1. We choose it all Open Innovation Prototyping the future Open Innovation 12/07/2018 10/07/2018 | 15:15 [Delivery date and time]
  2. 2. 22 Purpose of the presentation 1. Present the new strategy & positioning for the Open Innovation area. 2. Set the ground on past & expected performance with key goals to achieve in 2018. What is expected form the ExCom? 1. Feedback on the alignment of the new Strategy with Telefonica’s current & future business focus. 2. Ask for support to increase the impact of Open Innovation initiatives company wide, touching on company’s cultural shift. Razón social 00.00.2015
  3. 3. 33 Telefonica’s joint innovation play Innovation area in context CORE Innovation OPEN INNOVATION 0 - 1 YEARS 1 – 3 YEARS 3 – 10 YEARS SmartWifi Movistar Money Novum IoT Movistar play AI / ML -Aura Cybersecurity Blockchain Edge Computing INTERNAL DEVELOPMENTS CORE Innovation 5G Internal development works with core innovation & open innovation to find innovation where it is happening Open Innovation OPEN INNOVATION Open Innovation
  4. 4. 44 Open Innovation Strategy
  5. 5. 55 WE ARE the world’s most global, connected & tech- driven Open Innovation Hub WE ARE the global interface {API} between Telefonica & innovators WE LOOK outside Telefonica to bring in new Products, insights, processes & culture to our business globally, while we connect our internal assets & innovations with the external ecosystem. MISSIONVISION (aspirational)
  6. 6. 66 A great toolbox – Our Open Ecosystem 50 CROWDWORKINGS 11 WAYRA HUBS HUBS CORPORATE & GOVs INVESTMENT PARTNERS TECH PARTNERS 3 SCOUTING OFFICES IN SILICON VALLEY, ISRAEL & CHINA The most global, connected and tech-driven open ecosystem in the world … … … GLOBAL BU’s & OB’s STARTUPS
  7. 7. 7 7 INNOVATION HAPPENS EVERYWHERE http://www.dailymail.co.uk/news/article-3467534/Who-calling-white-elephant-amazing-pictures-albino-animals-not-pigment-imagination.html The Elephant needs to dance with the Gazelles. And not step on their toes.
  8. 8. 88 Various simultaneous plays STARTUPS BUSINESS DEVELOPMENT (FIT) 40% CONNECT ECOSYSTEMS WITH GLOBAL DIGITAL PRODUCTS: IoT – SMARTWIFI – NOVUM – VIDEO… (FIT) 20% MICRO-CVC INVESTMENTS IN STARTUPS 20% POLITICAL CORPORATE INSTITUTIONAL ASSET 10% STRATEGIC BRAND & POSITIONING AS THOUGHT LEADERS 10% Internal cultural change is key to achieve our results at scale
  9. 9. 1010 Focus on strategic areas & global digital products with proven technological advantage. Mature startups with product-market fit. NEVER ALONE TRY TO PARTNER WITH KEY BAs & VCs BIGGER TICKETS $150K MAX per startup with FLEXIBLE TERMS WITH MULTIPLE CONTRACTS OPTIONS. ADD SALES BASED WARRANTS MORE THAN ACTIVATION OF ACCELERATION SERVICES. NO MORE BATCHES – ROLLING PROGRAM FLEXIBILITY TO INVEST WHEN THEY NEED IT MOST FIT FIRST, INVESTMENT FOLLOWS STRONG SPONSORSHIP FROM BUSINESS AREAS IS A PRE-REQUISITE FOR INVESTMENT IoT (Smart M2M) Video & AR/VR (Movistar Play) Advanced Data Analytics AI – ML (Aura) Cyber Security Fintech (Movistar Money) Operational efficiency Future of Telco: Blockchain, Edge Computing… Investment Thesis (20% weight within total strategy)
  10. 10. 13 New Revenue Streams Costs savings Financial ROI Organizational learnings & Cultural shift Future trends scouting Innovative & SCR positioning w/ Free Positive Publicity Competitive advantage Institutional relations Big Sales sweetener The innovation Ripple effect Hard $$ need to be measured, but the impact is wider & lasting.
  11. 11. 1414 Portfolio Status
  12. 12. 1616 Top 40 – Portfolio Champions B2BIoT, ML, Analytics, Global Digital Products… B2CMarketing, Movistar Play, Product integrations… Best performing startups in our portfolio with strong disruption potential and high growth ratios
  13. 13. 21

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