A success case betweenn Innovation needs presented by AgbarAgbar is a large international company dedicated to the management of the water cycle value chain. As part of its operations, it carries out engineering studies and actions, designs and builds water treatment facilities and manages distribution services for drinking water and sewerage. The company bases its strategy on four pillars: digitalization, innovation, sustainability and social commitment. In this regard, Peninsulas collaboration with Agbar was aimed at improving field operations in order to offer the best service through innovation and market research.We launched the first phase of GoSeeds focusing on two lines of actionnImprove intelligent technology for the management of water-related servicesnn Develop an internal entrepreneurship program and implement the financial processes that support it. This project has allowed us to investigate, in an international scope, a large number of companies whose activity is aligned with the Agbar strategy, as well as to carry out a joint selection process with the objective of improving field operations.GoSeeds, worldwide startups RadarThe GoSeeds program is not an incubation program, nor does Agbar act as an exclusively financial partner. The project consists of an ambitious worldwide search for startups that fulfill a high sense of technological innovation and whose products or services can generate an important contribution to the systems of Agbar.The selected projects propose a pilot program of integration to the companys services offer. It is a collaborative challenge , where it is taken into account that everything is integrated into a circular economy . Benefits of Corporate Venturing for startups1. Possibility of taking offn Since the partner company Agbar becomes one of its first customers. 2. Scalabilityn The entity offers the startup a growth opportunity and access to a wide market. 3. Reduce development costsn Since it has the financial leverage that Agbar offers. Benefits of Corporate Venturing GoSeeds for Agbar In its search for open innovation, through the program, Agbar has been able to verify the following benefits:1Access to worldwide startupsnThrough the radar of companies that Peninsula made.2Project ValuationWith own methodology.3Qualification of startupsOn the part of Peninsula, which guarantees the quality of the projects presented.4Delivery of pilot programsAligned with the strategy of the corporation and responding to the plotted prototype.Peninsula has provided us with a huge flow of continuous offers that help us in our innovative strategy. Through a particularly effective methodology, they guarantee the quality of the pilot proposals driven by a very rigorous technical process. Catalina Balseiro – CIO at AgbarnTweetnProject Complexity nThe project dimension was very wide. Among others, we developed an inventory of assets, which included:n Thousands of km of drinking water distribution networks and sewerage networks. Hundreds of wastewater treatment, purification and desalination plants. Operational terminals managed with mobile devices. Industrial vehicles and cars. Almost three thousand operators and supply and sanitation managers. Millions of work orders. Phases of the Corporate Venturing Program1Startups radarIdentification and interviews to potential projects.2Technical auditQualification of profiles and selection process.3Mentoring200 hours of mentoring and validation of processes for startups.4PilotsThe finalists present the pilot programs in Agbar.Results of the first phase of the programnThree complete pilots have been made with the companies Nido Robotics , Smart Monkey and Snackson . These are digital companies to which they have been able to apply fast pilots, of no more than three months, and adjusted cost, which has allowed agility in the process and rapidly obtain results. Agbar has access to the pilots and works with them in an integrated way. The GoSeeds program has facilitated the application of strategic innovation , identification of new market opportunities and analysis of the environment with an international disruptive approach level . Dimensions of GoSeedsInternational Startups evaluatednCompanies that have been evaluated:0n Initial companiesn 0n Water technologyn 0n Applied in the programn 0n Finalist Companiesn 0n Pilots finishedn Countries to which the selected startups belong:0n United Statesn 0n United Kingdomn 0n Israeln 0n Other european countriesn Technologies applied to the projectnSpecific new spectrum technologies:Big Datan Machine Learningn Cloud Computingn Price comparison portalsn Artificial IntelligencePredictive algorithmsn Internet of thingsn Mobile and Web Appsn Inspection and mappingBackend applicationsn At Peninsula we are motivated by challenges. Therefore, if you have any project in mind related to growth and innovation in your company, do not hesitate to contact us.Share this articleShare on twittern TwitterShare on linkedinn LinkedInRelated articles