Deep Dives

Inside Out: Telefónica’s New Approach To Open Innovation

Inside Out: Telefonica's New Approach To Open Innovation

Bringing innovation in from the outside is nothing new for Telefónica, a communications company with 350 million customers. It has interacted with thousands of startups via its venture arms and through Wayra, a global technological innovation hub, which was started in Latin America and Europe in 2011, first as a mechanism to connect to early-stage startups and more recently as a way to help startups scale. But this year the company decided to try something different: taking its internal innovation to the outside world by spinning off some of the deep tech it develops in its own labs and creating stand-alone startups.

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About the author

Jennifer L. Schenker

Jennifer L. Schenker

Jennifer L. Schenker, an award-winning journalist, has been covering the global tech industry from Europe since 1985, working full-time, at various points in her career for the Wall Street Journal Europe, Time Magazine, International Herald Tribune, Red Herring and BusinessWeek. She is currently the editor-in-chief of The Innovator, an English-language global publication about the digital transformation of business. Jennifer was voted one of the 50 most inspiring women in technology in Europe in 2015 and 2016 and was named by Forbes Magazine in 2018 as one of the 30 women leaders disrupting tech in France. She has been a World Economic Forum Tech Pioneers judge for 20 years. She lives in Paris and has dual U.S. and French citizenship.