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Proximus, Telenet Invest EUR 500K in Flanders Technology & Innovation Company

Proximus, Telenet Invest EUR 500K in Flanders Technology & Innovation Company Image Credit: Flanders Technology & Innovation

Private limited company Flanders Technology and Innovation was officially presented yesterday, as an initiative of the Flemish Government to facilitate investments in technological and innovative solutions for societal challenges. Proximus, leading telecommunications company in Belgium, is one of seven private investors endorsing the project, along with Brussels Airport Company, KBC, COI, Cronos, Cegeka and Telenet.

The company name and brand is owned by non-profit organization Flanders Technology International. The seven private investors are each contributing EUR 500,000 in capital, and the Flemish Government, for its part, is investing EUR 1 million.

Proximus is 100% committed to the digitalization of Flanders by investing heavily in technology and innovative digital services that benefit society.

The company aims to create a platform where data, know-how and innovative ideas are brought together. As a result, FTI can become a catalyst for investments in technological solutions to social problems. FTI can play a decisive role by bringing partners together, facilitating the exchange of knowledge, expertise and data-driven insights, and supporting the development and scaling up of success stories. For these reasons, Proximus wants to put its expertise at the service of the FTI project, help spread awareness of innovation and actively contribute to the development of a widely supported technological vision for Flanders as an innovation region.

Guillaume Boutin, CEO, Proximus Group

We are pleased to be part of a project that aims to position Flanders as a top region in terms of innovation and digitization. As a leading technology company that interacts daily with a large part of the population, Proximus forms an important link in ensuring the competitiveness and resilience of our economy. By participating in FTI, we also want to assume our societal responsibility and contribute to open innovation through collaboration with all stakeholders.

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Author

Andrea Y. Lavannya is the Senior Editor and Vertical Analyst - Telco and Techco, at The Fast Mode. Andrea covers global telecom markets, operator revenue strategies and emerging business areas, and heads thought leadership development in areas relating to CSPs, MNOs, MVNOs, MVNEs and cable.

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