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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