Today five major Spanish companies in separate sectors announced the formation of an innovation initiative. The five companies Aigües de Barcelona, CaixaBank, Naturgy, SEAT and Telefónica are creating
Start4big. The technologies targeted include blockchain, cybersecurity, artificial intelligence, robotics, big data and others.
The advantage for startups is the ability to test prototypes and pilots across these major organizations that together account for 200,000 employees and 380 million customers. The startups themselves are expected to be “mature”. The initiative is part of the European Commission Horizon 2020 project that aims to encourage collaboration between startups and corporations. The startups don’t have to be based in Europe.
Every six months the group will announce four challenges which startups can respond to. Three of the challenges will be multi-sectoral, and one “cross-cutting”.
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Image Copyright: start4big
