Ericsson ONE Venture Studio is an internal accelerator for Ericsson employees with pioneering new business ideas. We give our talented people the chance to develop these ideas and build successful ventures beyond our core business. By leveraging Ericsson's global scale, technology, relationships and expertise we help make their startups a success.
And we mean business. In the innovation space there's a lot of talk and theatrics with entrepreneurs using a lot of their time to secure funding. We offer serious investment in both people and product or service – giving people a very real opportunity to create highly successful ventures and become CEO of their own company. Our diverse team of experts provide hands-on coaching, support and advice every step of the way.
Anyone from within Ericsson is welcome to submit an idea, at any time.
How does Ericsson ONE work?
The Ericsson ONE team has established a highly effective innovation accelerator process that consists of several stages. Initial ideas are reviewed by the team and the most promising ones move forward to the next stage. The intrapreneur – and his or her extended team – then go through a step-by-step process which involves rapidly creating, testing and validating their prototypes, building a minimum viable product, and if everything goes well, developing it into a fullyfledged, accelerator unit within Ericsson's portfolio. As they progress through the stages, intrapreneurs need to pitch to various stakeholders to secure further investment.
Our intrapreneurs are provided with everything they need to successfully launch a new venture and scale it quickly. This includes dedicated resources, training, funding, and early adopter customers. By giving people this opportunity, we can support Ericsson employees on their innovation journeys, while developing new products that our customers will benefit from.