Orange launches Digital Ventures, a new funding vehicle for start-ups
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 €20m 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.
