A selected group of EIC pilot pioneers presented their innovations to top managers of Telefónica and BBVA in Madrid, Spain. The matchmaking event focused on new technologies and solutions for the telecoms and banking sectors.
On 13-14 May 2019, 18 entrepreneurs joined an EIC Corporate Day with Telefónica and BBVA where they pitched their innovations and engaged in-depth discussions with business and Corporate venture capital representatives.
At the event, Agustín Moro, Global Head of Partnerships at Telefónica Open Innovation, spoke on the motivation behind it: “We believe that the EIC-SME Instrument companies have high chances of being able to do business with Telefónica. We have learned that the most difficult thing is not devoting resources to Startups/Scaleups and supporting their growth – it’s making them work with our business units. Through our Open Innovation initiatives, we aim to bring new business opportunities to Telefónica and to generate internal efficiencies for the company”.
When questioned about the potential of companies presenting, Ainhoa Campo, Global Head of Open Innovation at BBVA, was quick to answer: “the quality of the EIC companies is very high. We have involved nine different business units from BBVA that are eager to know more about them. I’m very confident that we will come up with some collaborations”.
Learn more about the companies: Air, Authenteq, Bitext, Chino.io, Díde, Digiteal, GenLots, i2S, INVIS, Kasko, Listening Applications, Livedrive, Northern.tech, OrbitalAds, POM, Shopguard Systems, Signtime, SIS.
See the pictures from the event in the EIC Community, the online platform where companies funded by the EIC pilot can network with their peers, find investors and access exclusive curated content and events.
Watch the video of the event: