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Telenet to invest €1 million in digital innovation

Liberty Global-backed Belgian cable operator Telenet has pledged €1 million in investment in entrepreneurial talent over two years in a bid to stimulate digital innovation.

Telenet said it will “invest heavily in young Flemish digital entrepreneurial talent,” initially in partnership with start-up community and accelerator Idealabs, which will now be called Telenet Idealabs.

Telenet will also work together with Flanders’ digital research centre iMinds on a programme called iStart.

“Flanders has a high-quality education system, a unique knowledge of languages, and a great broadband Internet infrastructure. All the building blocks are available to create a dynamic climate of innovation. Nevertheless, extra support is needed to keep innovative industries here, which is key to creating long-term economic prosperity. Since innovation is very important to us, we want to lend a helping hand,” said Telenet CEO John Porter.