Monday, August 6, 2012

Vodafone Big Enough to Draw Start Ups

Vodafone is the worlds largest mobile network carrier and that has advantages as a story in Light Reading today pointed out. A couple of years ago they opened a technology incubator in Silicon Valley and now this week are opening a similar center in London. By doing this Vodafone cleverly attracts bright entrepreneur talent and gets them to focus on Vodafone. See below for original article



NEWBURY, U.K. -- Vodafone is bringing its expertise in helping innovative start-up businesses to Tech City, Europe’s fastest growing digital hub. Britain’s biggest ICT company will open a new technology and incubation centre in the East London area as it looks to nurture the next generation of British start-up talent.

The new centre will provide innovative businesses in the mobile internet and creative media industries with technical expertise, potential financial assistance, logistical support and access to more than 400 million Vodafone customers across more than 30 countries worldwide. It will draw on the expertise of Vodafone Ventures, the company’s corporate venture capital arm, which has been successfully investing in innovative new businesses for over a decade.

The decision to locate a new technology and incubation centre in Tech City builds on the success of Vodafone xone, which opened in Silicon Valley a year ago. Vodafone xone identifies innovative US start-ups and helps them move quickly to market. It offers companies support from a team of professionals whose expertise spans business development, network and device architecture, consumer electronics, payment and billing mechanisms, data analytics and content delivery.

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