Why Telef?nica Is Acing It With A New $378M LatAm Fund And A Growing Incubator Network

There are a few significant trends going on in this particular era. There is an explosion of technology adoption and innovation happening in developing regions like Latin America, and a few of us are aware that big lumbering corporates are struggling to deal with the pace of change - indeed, it seems like the old R&D departments of yore are a ridiculous concept when enormous disruption could come from Zuckerburg's Harvard dorm. But there are few companies realising how to latch onto that innovation. One of them appears to be global telecoms giant Telef?nica. Today it launches Am?rigo, a $378 million (?300 million) fund that is focused on Latin America. Combined with its growing network of Wayra incubators, and it's clever focus on Latin America, this appears to be one of the more interesting moves made by such a big company. And one which its competitors may not even be aware of.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/GJX6o3EQXYs/

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