The unprecedented growth of the connected, digital world combined with Telstra’s strengths in networks, connectivity and our consumer and business customer footprint opens up a wealth opportunities for us to expand with new products and services in new markets.
Progress in FY17
- We launched Telstra Smart Home which brings the Internet of Things to life for Australian consumers.
- We made a number of strategic investments through our corporate venture capital arm Telstra Ventures, in cutting-edge US-based technology companies including VeloCloud™ Networks.
- Telstra topped a new corporate innovation index that ranks the top 50 ASX listed companies by their investments in corporate ventures, accelerators, incubators, internal innovation labs, co-working spaces and start-ups. Telstra accounted for 18 per cent of the top 50 ASX-driven innovation activity in Australia.
- In FY17, we launched Telstra Labs® – a single identity that brings together our innovation and tech capability. It’s a unique environment that allows for rapid experimentation, validation and the implementation of new ideas within Telstra and with our partners and customers.