The job of making
innovation happen
Getting Things Done
The job of making innovation happen
Prysmian has launched Corporate Hangar with the purpose of reinforcing the ability to create innovation while maintaining its efficiency and capacity to meet customer’s needs.
Prysmian has innovation in its DNA and is always eager to anticipate the changes in the energy grid and telco infrastructure along with customer needs and, therefore, how to create impactful innovation. To this purpose, in 2017, Prysmian Group co-founded Corporate Hangar, a place where Prysmian identifies, develops and implements promising ideas without interfering with the successful business model of the Group.
This unique collaboration follows a three-phase business model. In the first phase, the Fly-In-Zone, Corporate Hangar collects ideas from Prysmian employees, as well as from customers and stakeholders, transforms them into structured business plans and supports the realization of pilot projects, together with the ones that had the idea.
Once an idea has proven its market potential, it leaves the Hangar and enters the Runway where ideas are commercialized through the creation of a dedicated star-up called PRIA (Prysmian Innovation Accelerator).
Once the PRIA has reached the minimal critical scale, it enters the Cruise phase where Prysmian Group takes over to boost revenues by integrating the new venture into existing Prysmian businesses.
In all three phases, Prysmian maintains total control over the innovation activities: intellectual property rights of all Corporate Hangar activities are held by Prysmian Group.
There is only one way to fuel innovation according to CEO Valerio Battista: “We have to think about new products as well as innovative processes and technologies to stay ahead of competition”. That’s why Prysmian Group decided to leverage on its best asset – its people – and involve them in the innovation process.
In 2019 Prysmian and Corporate Hangar will launch their first innovation contest - a call for ideas from the worldwide community of Prysmian Group. Stay tuned.
A RESPONSIBLE, SMART MODEL FOR URBAN GROWTH
According to a recent Frost & Sullivan study, by 2050 over 80% of the population in developed countries will live in cities. The creation of smart cities could enable a smooth transition to urbanisation, creating huge business opportunities. The smart cities market value is expected to reach over $2 trillion by 2025. Given the engagement that the European Commission has shown in developing these initiatives, Europe is expected to have the largest number of smart city project investments globally.
The Smart Cities Conference, recently held in Berlin, brought together representatives of Italian and German cities with spokespersons from the sector, creative industries and scientific world to discuss smart cities as a sustainable, digital and inclusive model for the development of intelligent cities of the future.
Due to its broad expertise in the field of energy and telecom networks, Prysmian Group took part in this forward-looking event, giving professional insights into future energy and telecommunication solutions. Cables and smart monitoring instruments play a key role in this modernisation process as they bring together power grids and telecommunication networks into an integrated infrastructure, and therefore enhance environmental sustainability. Francesco Fanciulli, SVP of Prysmian Group’s Energy Business, together with representatives from the industry and scientific world, focused on the chances and challenges of connectivity and the different infrastructures for mobility and connectivity purposes.
Fanciulli explained: “The smart city concept calls for the deployment of smart grids based on an integrated power and telecommunication infrastructure, which can rely on deep interconnections among the various devices backing the grid, and leverages on IoT solutions and innovative sensors enabling efficient management of the network, while granting an effective ‘asset management’ approach both in terms of predictive maintenance and effective usage”. He told the conference that at Prysmian “expertise is key to ensuring an integrated power and telecommunication infrastructure to meet the high demand of smart cities. Our skills in both fields – energy and telecoms – as well as the premium performance and high quality of our innovative cabling solutions, make Prysmian Group the partner of choice for municipalities and cities striving to digitalise”.
