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What telcos can learn from the Valley: open innovation, agile experiments
- Thursday | 5th August, 2021
Many telcos have visited Silicon Valley in search of new and “open” innovation opportunities, but the returns often seem fleeting. Silicon Valley: The promise of “Open” Innovation and agile experimentationUntil the early 2000s, Closed Innovation, based on a model of internal, centralised research and development, was the de facto way for companies to protect intellectual property and gain a competitive advantage. Increasingly, this activity is taking place in clusters – auspicious geographic concentrations of interconnected companies and institutions – the most famous of which is Silicon Valley. For STL Partners, this raises a series of questions:What are telcos hoping to learn from Silicon Valley and how are they going about it? What can they do differently to overcome some of the common pitfalls of Open Innovation to drive more significant successes?
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