Rich Miner, Google Ventures general partner, was speaking at the Mobile World Congress in Barcelona alongside telco executives. Miner said that corporate venturing would only have an impact “if the organisation itself decides it wants to be disruptive to itself.”.
In response, Edgar Hardless CEO of SingTel Innov8, the corporate venturing division of telecom company SingTel, said that his company did not see venturing as a ‘panacea’: “corporate venturing just allows us to get insights into what are some of the potential new revenue growth areas, which we could use to leverage our core strengths.”