TAURON established a special purpose vehicle in the Group with the goal of creating innovative product solutions in cooperation with Start-Ups. The company will deal, inter alia, with the preparation of projects in the scope of smart technologies for home and solutions for transport supplied with electricity.
TAURON Magenta will serve as a tool for integration of activities carried out in individual companies of TAURON Group to support the implementation of common strategic goals. It also extends the Group by adding an innovation hub stimulating the implementation of breakthrough technologies for clients of TAURON Group companies.
Even now TAURON is distinguished on the market of new product solutions. We were the first to introduce the service of electrician and service provider which has gained great popularity. However, we are already now searching for future solutions. We want to be associated with the most modern solutions such as digitals, smart home and energy efficiency – Filip Grzegorczyk the President of the Management Board of TAURON Polska Energia stresses.
The company will also act as a coordinator of cooperation between TAURON Group and Start-Ups. The first tool to implement this cooperation is the Pilot Maker project under ScalUP - the project carried out jointly with TechBrainers - http://media.tauron.pl/pr/338331/tauron-inwestuje-w-rozwoj-startupow
The business model of TAURON Magenta is based on the latest methodologies of work demonstrating a possibility of integrating ideas and projects of Start-Ups with large enterprises.
The strategy of TAURON Magenta activity is the result of implementation of the TAURON strategy. The next planned step is the extension of activity of the special purpose vehicle by own CVC type investment fund; consequently, TAURON will join the community of leading global corporations with their own dedicated companies developing breakthrough solutions – Jarosław Broda, Vice-President of the Management Board for Asset Management and Development says.
The special purpose vehicle comprises an advanced system of knowledge, talent, grant and capital management for development projects at various stages of maturity. At the same time, it provides access to the end client, such as companies of the Group and TAURON’s end customers.
We will communicate activities of TAURON Magenta company on a regular basis.
