3. 3
BY 1955 AVERAGE F500 AGE
WAS ALMOST 60 years
BY 2017 AVERAGE F500 age
IS LESS THAN 20 years
https://www.cnbc.com/2017/08/24/technology-killing-off-corporations-average-lifespan-of-company-under-20-years.html
PERPETUAL REINVENTION
4. TOP 10 companies by market cap
$BN
Apple 752,0
Alphabet 579,5
Microsoft 507,5
Amazon.com 427,0
Berkshire Hathaway 409,9
Facebook 407,3
ExxonMobil 242,2
Johnson & Johnson 338,6
JPMorgan Chase 306,6
Tencent Holdings 277,1
4
6 companies in
the list are
100% digital
13. WE ARE the world’s
most global, connected
& tech-driven Open
Innovation Hub
Vision
14
14. We are the GLObal
interface {API} between
Telefónica & innovators
Vision
15
15. 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.
Mission
16
16. WE AREANOPENECOSYSTEM
+50 CROWDWORKINGS OPEN FUTURE_
11 WAYRA HUBS
HUBS
CORPORATES & GOVS
CAPITAL
TECHNOLOGY
17
GLOBAL BU’s
& OB’s
3 SCOUTING OFFICES IN SV / ISRAEL / CHINA
Most global, connected & tech-oriented open ecosystem
…
…
…
STARTUPS
…
17. Wayra Hubs
Open Future_ Hubs
Innovation Funds &
Scouting
+450
Startups in
Portfolio
€ 162 M
Invested by TEF
16
Countries
+75
Startups
Working with
Telefonica
+100
Public & Private
Partners
Telefónica’s global entrepreneurship and
innovation network, open to partners_
19. Open innovation API
DIFFERENT
FOCUS,
DIFFERENT
WEIGHTS INNOVATION
SCOUTER
40%
GLOBAL DIGITAL PRODUCTS
OPEN ECOSYSTEMS
20%
MICRO-CVC
SCALE UP HUB
20%
POLITICAL
CORPORATE
INSTITUTIONAL
ASSET
10%
STRATEGIC BRAND & POSITIONING
AS THOUGHT LEADERS
10%
21
20. Product Innovation
TOF_
Telefonica‘sinnovationplay
0 - 1 YEARS 1 – 3 YEARS 3 – 10 YEARS
SmartWifi
Movistar Money
Novum IoT
Movistar play
AI / ML
Cybersecurity
Edge Computing Blockchain
COREINTERNAL
DEVELOPMENTS
Product Innovation
22
5G
Internal development works with product innovation & open innovation to find innovation
where it is happening
TOF_ TOF_
TOF_
21. VALUEPROPOSITIONFOR
ENTREPRENEURS
BUSINESS
DEVELOPMENT
FIT WITH TELEFONICA & REACH TO OUR
CUSTOMERS IS OUR KEY FOCUS
GO-TO PLACE
IN ECOSYSTEM
OUR INNOVATION HUBS ARE THE MEETING
POINTS FOR THE ECOSYSTEM
.
SKIN IN
THE GAME
WE PUT MONEY WHERE OUR MOUTH IS, STARTUPS
BECOME FAMILY & WE ARE MORE COMMITTED
THAN OTHER PROGRAMMES , ALIGNED WITH
ENTREPRENEURS TO GROW SHAHOLDERS VALUE.
OPEN COOPERATION
& GLOBAL NETWORK
WE GET OPEN INNOVATION & ARE RECOGNIZED
AS SUCH GLOBALLY. WE PARTNER WITH
CORPORATES, VCS, INSTITUTIONS AND HAVE
GLOBAL REACH WITHIN TELEFONICA’S
FOOTPRINT
.
ACCESS TO
EXPERTISE & TECHNOLOGY
OUR HUBS ARE CENTRES OF EXCELLENCE TO
FOSTER THE USAGE OF TELEFONICA ASSETS &
CORPORATE SALES
BRAND RECOGNITION &
COMPLEMENTARY ASSETS
OUR BRAND TRANSMITS CREDIBILITY AS
INVESTORS & PARTNESR. WE HAVE RESOURCES
REQUIRED TO BRING INNOVATION TO MARKET
.
24
22. Investmentthesis
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 - Sensor Cloud (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…
25
Focus on strategic areas & global digital products with strong FIT and technological advantage
24. TOP_40
B2BIoT, ML, Analytics, Global Digital Products…
B2CMarketing, Movistar Play,
Product integrations…
28
Best performing startups in our portfolio with strong disruption potential
27. TheinnovationRIPPLEEFFECT
New Revenue Streams
Costs savings
Financial ROI
31
Future trends scouting
Organizational learnings &
Cultural shift
Innovative & RSC
positioning w/
Free Positive Publicity
Competitive advantage
Institutional relations
Big Sales sweetener
Hard $$ need to be measured, but the impact is wider & lasting
28. 1
Cultural shift
infects the whole
corporation driving
digitalisation and agile
processes.
3
1%
of Telefonica’s new
revenues are generated
through innovative
products.
2
We have a thriving
ecosystem of developers &
startups using our global
digital products via
open APIs
2022 4
10 %
of Telefónica‘s tech
purchases are
innovative purchases
32
What if?