Three of Europe’s leading operators have announced plans to join up their respective start-up incubators with that of Singtel.
DT’s hub:raum, Orange Fab, Telefónica Open Future and Singtel Innov8 said they wanted to catalyse the growth of eligible start-ups and launch them beyond their respective home markets.
Operators have become increasingly aware that they cannot succeed on their own.
Orange and DT, for example, revealed last year that their incubators were working together in a bid to boost scale.
Orange and Telefónica are working together at a European level, alongside Telecom Italia and the European Investment Bank amongst others, as part of the StartUp Europe Partnership.
Nathalie Boulanger, Start-up Ecosystem Director at Orange said: “Having built up extensive experience of working hand-in-glove with start-ups across the world, Orange sees the formation of global partnerships such as this as the critical next step to ensure that digital innovators continue to flourish.”
Min-Kin Mak, VP of DT’s hub:raum added: “We see a huge opportunity to develop the bridges between the ecosystems in Asia, Africa, Europe and Latin America and to provide start-ups with critical market access, funding and expertise to become more successful with their international expansion.”
There are examples of success; last month, for example, Telefónica said it plans to roll out a customer experience-focused service from its Wayra start-up accelerator across its global footprint.
Singtel Innov8 CEO Edgar Hardless concluded: “More start-ups harbour aspirations to venture beyond their own markets and go global.
“Through Singtel Innov8’s deep connections in Southeast Asia, we can help open doors for African, European, Middle Eastern and Latin American start-ups to the region.”