Social Need: sustainable urbanisation, innovation and digital transformation
This project contributes to SDG number 9
TIM Ventures, which is TIM’s corporate venture capital, is one of the tools with which TIM has implemented its Open Innovation strategy, a distinctive factor for digital innovation.
The business and its rules of play change at an incredible pace. The products and services require continuous research. Talent and competences are fluid.
Therefore, innovation is increasingly a critical factor of success for a business. And in a dynamic, digital context like that which TIM operates in, innovation must be applied using not only internal resources, laboratories and its own in-house R&D departments, but also by seeking assistance from the outside world, taking an “Open Innovation” approach, to use the expression coined in 2003 by the US economist Henry Chesbrough, who directs the Garwood Center for Corporate Innovation at the Haas School of Business - UC Berkeley’ and has made many important written contributions in the field.
The TIM innovation also involves entrepreneurial open innovation. Investment in digital start-ups in synergy with the TIM business strategy aims to create and promote a mutually profitable virtuous circle, in which, on the one hand, TIM seeks to make the most of the best product and service innovations, optimising the time-to-market for innovations and, on the other, the funded organisation finds in TIM an entity that can support its development and act as a partner and industrial point of reference.