Orange launches Digital Ventures, a new funding vehicle for start-ups, further expanding its digital innovation strategy
Orange builds on its existing open innovation strategy with an “early stage” investment program branded Orange Digital Ventures. It will identify and fund start-ups during their initial development as well as provide the strategic relationships needed for them to become valuable companies.
Orange intends to leverage its already active role in the global digital ecosystem, and through these new investments get closer to companies that are agile at grasping and acting on technology shifts vital to the creation of tomorrow’s digital services.
Funding innovation in the digital and telecoms sector
The focus of Orange Digital Ventures is on financing those start-ups working on the new and next transformations of the telecoms and digital sectors. Orange Digital Ventures will support in particular start-ups in the fields of communication, connectivity, the cloud, payment, the Internet of Things and big data, e-Health and security services developing innovative solutions and technologies as well as inventing new business models.
With 20 million Euros earmarked for its first year, Orange Digital Ventures will proceed by making capital investments via minority holdings. This support will be available to start-ups in all geographical regions where Orange is present.
Delivering what start-ups need: responsiveness and simplicity
Early-stage companies move fast, which is why Orange Digital Ventures features a dedicated team of digital specialists and a simplified, rapid selection methodology. The intent is to deliver entrepreneurs a first response in less than 30 days.
Turning the vision of entrepreneurs into scalable businesses
Orange Digital Ventures will be more than a shareholder; it is designed to be a growth catalyst. The immediate priority is on the economic development of the portfolio companies and their global expansion. The ambition for Orange Digital Ventures is to work alongside them to transform far-sighted, talented entrepreneurs into key players in their chosen markets and
in so doing, benefit Orange and its customers.
Orange, as an investor and catalyst, will benefit participating start-ups through its international commercial footprint and its reputation. Entrepreneurs will be able to develop technical or commercial relationships through access to Orange experts and decision-makers.
This new approach will reinforce existing Orange open innovation initiatives, like Orange Fab, while also allowing the support of new companies in their ramp-up phases.
Start-ups can get in touch with the teams of Orange Digital Ventures on digitalventures.orange.com.
Orange is one of the world’s leading telecommunications operators with sales of 40,9 billion euros in 2016 and 155,000 employees worldwide at 31 December 2016, including 96,000 employees in France. Present in 29 countries, the Group has a total customer base of 263 million customers worldwide at 31 December 2016, including 202 million mobile customers and 18 million fixed broadband customers. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services. In March 2015, the Group presented its new strategic plan “Essentials2020” which places customer experience at the heart of its strategy with the aim of allowing them to benefit fully from the digital universe and the power of its new generation networks.
Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).
Orange and any other Orange product or service names included in this material are trademarks of Orange or Orange Brand Services Limited.