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Digital innovation

05/31/2016 - 00:00 PM

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The digital innovation is based on a paradigm of open innovation that is realised by accompanying the internal generation of ideas and development routes with the generation of ideas and development paths coming from outside the Company. In these terms, Telecom Italia has reviewed and renewed its relations with the universities, financing 25 triennial PhDs scholarships in 2015 and a total of 165 from 2011 to date. Again on the academic front, the Joint Open Labs, research laboratories that propose a new way for industry and universities to work together, have been created. These laboratories stem from agreements on specified fields of scientific and technological interest and “live” inside the university campuses (Trento, Turin, Milan, Pisa and Catania). In the last three years, these public-private partnerships have enabled Telecom Italia to obtain 5 million euros in European funds for research, in addition to 2 million euros received from the universities with which it collaborates.

In addition to open innovation, the digital innovation is hinged on another important cornerstone: co-innovation, a development model that envisages the full optimisation of the ecosystem of stakeholders and strategic partners of the company as bearers of innovation on the market. Through the application of “two-sided” models, Telecom Italia creates a common framework of interaction (e.g. platform) from which two different user groups can gain mutual benefit, thereby creating further value.

TIM #Wcap is the business accelerator of the Telecom Italia Group that each year selects, finances and accelerates digital start-ups. From 2009 to 2015, more than 8,000 business ideas were received and examined and approximately 260 projects selected and supported. Moreover, 11 TIM #Wcap start-ups were invested in by TIM Ventures. In the last two years, the TIM #Wcap start-ups launched 25 go-to-market activities within TIM, thanks to which turnover was generated.

With three of these, TIM also created a commercial offer. The survival rate of TIM #Wcap start-ups has exceeded 90% and in two years, thanks to TIM #Wcap, 215 jobs have been created. TIM #WCAP is an incubator certified by the Ministry for Economic Development.

Starting from TIM #Wcap, Telecom Italia has debuted in seed investment, launching TIM Ventures, the Group Company created with the aim of investing in options or share capital in the most innovative start-ups in the Digital, Internet, Mobile and Green ICT sectors. In just one year of activity, TIM Ventures has already invested in 12 start-ups and is mentioned amongst the most active European VC investors in 2015 (Source: Venture Pulse Q2’15 – KPMG and CB Insights).

 

TIM #WCAP

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The TIM corporate accelerator that selects, finances and accelerates the best digital startups.

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