The collaboration arose out of the Arch Summit – one of the biggest start-up events in Europe which took place last week in Luxembourg – and will enable start-ups incubated at Vodafone Power Lab to join a global platform where they will be exposed to a vast network of partners and suppliers in the markets where the Vodafone Group operates, thereby enabling possible cross-border business relationships.
In addition, thanks to Vizibl, Vodafone Power Lab is initiating a profound digital transformation in how it manages its relationship with the start-ups it supports. Using the innovative tools that Vizibl provides, it will be possible to monitor the development of each project in real time, as well as streamlining processes in order to improve the performance of tasks.
Luís Pedro Cardoso, head of Innovation at Vodafone Portugal, is optimistic about the opportunities that Vizibl can create for Portuguese start-ups: “Our strategy for Vodafone Power Lab is to work collaboratively with partners and mentors to help entrepreneurs develop their businesses. Working closely with Old Street Labs to deploy Vizibl is a further example of the power of partnerships and adds a global dimension to this recipe. We are very excited to see that this platform is able to create business opportunities for start-ups in other markets”.
Mark Perera, CEO of Old Street Labs, said: “Vodafone is leading the way in which key suppliers and start-ups collaborate with each other. We are proud that Vizibl is being used to manage Vodafone’s innovation pipeline in Portugal”.
About Vodafone Power Lab
Vodafone Power Lab is a programme designed to encourage innovation and entrepreneurship initiated by Vodafone in 2009. Its aim is to encourage the creation of technology projects in the telecommunications sector through support for incubation, mentoring, workshops and training, creating the essential conditions to enable new companies to develop and succeed in the market. Further information available at powerlab.vodafone.pt.
About Old Street Labs
Old Street labs are the creators of Vizibl, an SaaS (Software as a Service) platform for collaboration between businesses and suppliers in the distribution chain. They are working to facilitate the way in which business relationships are established through the use of Vizibl, bringing buyers and suppliers closer together in a more digital way.