Leading telecom brands launch global tech start-up initiative
Telefónica, Deutsche Telekom, Orange and Singtel will help five start-ups scale and enter new markets via Go Ignite programme
The innovation arms of major telecommunication companies Telefónica, Orange, Singtel, and Deutsche Telekom have launched a “first-of-its-kind” programme to support and connect start-ups across Europe, Latin America, Asia, Africa, and the Middle East.
Announced at the 4YFM event at Barcelona’s Mobile World Congress, the new initiative – Go Ignite – will help up to five technology start-ups, in areas such as cyber security, Internet of Things (IoT), and big data analytics, to scale and enter new markets.
Start-up businesses chosen for the programme will receive help to find business development opportunities, and each of the “alliance members” (telecom brands) will provide resources such as introductions to relevant partners and access to co-working spaces.
The chosen businesses will also be given coaching, mentoring, invitations to networking events, and will also gain access to the alliance members’ customer base which equates to over a billion customers – enterprises and consumers – in five continents.
Ana Segurado, managing director of Telefónica Open Future, commented: “In the hectic environment in which we are living in, it is impossible to think about successful innovation models that develop on their own. Collaboration has demonstrated to be the most efficient tool when it comes to put in place new technologies that help resolve global problems.
“With Go Ignite, the four telcos want to support entrepreneurs in turning their projects into innovative products and in fostering their growth, hoping to find new digital solutions for our final users that make their life easier.”
Min-Kin Mak, vice president of hub:raum, at Deutsche Telekom, added:
“Go Ignite was created by partners all fully committed to cooperate with start-up companies. […] This is a clear win-win situation as Go Ignite is eager to attract and to work with the most promising and category leading start-up companies.”
Applications for the Go Ignite programme close on April 30. To enter, click here.