Jornada de innovación

1. OPEN
INNOVATION
Prototyping the future:
Keys to success

2. Innovation happens everywhere
around

3. Companies that don’t
innovate will not survive
PERPETUAL REINVENTION

4. Esta foto de Autor desconocido está bajo licencia CC BY-NC-ND
The origins of Venture
Capital
First ventures

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. 2011 startup acceleration
vehicles

7. 2019 startup acceleration
vehicles

8. VC FUNDS
ACCELERATOR
S
CORPORATE
VENTURES
+130 +150 +30
Spain’s ecosystem

9. “We choose to go to the
moon, not because it is
easy, but because it is
hard”.
The time is now

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. 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. 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. 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. 40+
Deep dive in AI
STARTUPS
INVESTED
STARTUPS
EXITED
5
11
STARTUPS
WITH FIT
6
STARTUPS
VALUED + €50M

15. OPEN INNOVATION

16. 16
Peter Thiel

17. 17
OPEN INNOVATION

18. OPEN INNOVATION WAYRA
3 key elements
you need to
have in your
organization to
achieve
success

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. 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. SUM-UP
Define a strategy
Setup a structure Allocate resources
Be Open
Be Lean
Build Squads

22. The time is now
The Elephant needs to
dance with the Gazelles.
And not step on their toes
22

23. THE
POWER OF
THE
FUTURE
ARE THE
HUMANS