Movistar has launched in Chile, with the cooperation of Octanis (a business promoter company) a permanent and sustainable promotion, support, financing, launch and management program of new companies, based on Open Innovation.

The program bears the name Movistar Innova. Its objective is to give new entrepreneurs expert support on the necessary elements to make their ideas come true in business plans and real companies. In this field, the program builds on the cooperation with Octanis, which is supplying experts in the areas of technology, marketing, market research, human resources, financing, legal issues, advertising, etc.

The objective is that the winner becomes entrepreneur with his own idea, with Movistar as a partner.

There will be a first phase for pre-selecting ideas. The owners of the ideas will participate on a training course and will have tutorial support.

From that moment onwards, the will form a team with others experts. If they succeed in creating, within 5 weeks, a prototype of their idea and write a adequate business plan, the may present their idea to a panel of experts, which will choose the teams that finally will get the full support.

Movistar will offer the teams these supports, among others:

- Access to real and effective business contacts

- Practical working material for preparing the Business Plan

- Prizes in cash and services for the selected projects

- Eventually, access to a fast track for seed capital and / or private investors

- Absolutely confidential treatment of the information

- Direct access to the commercialization process of their products and services through Movistar

- Eventually, internationalization of the business thanks to Movistar´s subsidiaries in the world

This entry was posted on Sunday, 17 de May de 2009 at 9:08 am and is filed under Challenges. You can track comments on this feed RSS 2.0. You can leave a comment or trackback from your own site.