In a move to shake up its corporate venturing strategy, Spain-based telecoms company Telefónica is stepping up its open innovation and putting its late-stage venturing on hold.
Ana Segurado, investment director at Telefónica, said the group is now placing significant emphasis on its new open innovation effort Open Future. Segurado said: “The idea is to focus our efforts, helping entrepreneurs in a more efficient way. Open Future will allow us to identify talent all over the world and connect all…
