Telstra 2016 Annual Report Download - page 17

15
Telstra Ventures
Telstra Ventures, our corporate venture
capital arm, continued to invest in high
growth technology companies that Telstra
can leverage to develop new products and
services for our customers.
In FY16, Ventures completed 11 new
investments: Boomtown, Cloopen,
Compare88, Instart Logic, Monk’s Hill
Ventures, NGINX, Qiniu, Singular, Snapchat,
Uhana, and vArmour. This included our
rst two Ventures investments in China in
Cloopen and Qiniu, and leading US-based
companies like Instart Logic, NGINX and
vArmour, that we can collaborate with to
create services for enterprise customers.
Telstra Health
Telstra Health strengthened its position as
one of Australia’s leading providers of eHealth
services in FY16 by continuing to focus on
the use of technology to improve healthcare
outcomes for patients and providers.
Since 2013, we have invested more
than $235 million to acquire, invest or
partner with 18 health-related companies,
including acquiring hospital resource
optimisation designer Health IQ and
software product ComCare in FY16, which
will help us to transform and improve the
efciency of the healthcare sector.
These capabilities enable Telstra to offer
technology services designed to reduce
inefciency, improve productivity and
increase quality of health care. For example,
an independent evaluation by the Northern
Territory Government highlighted that the
National Telehealth Connection Service
run by Telstra Health contributed to their
ability to grow the use of telehealth by
more than 700 per cent over a 14 month
period, with an estimated reduction in
travel costs of $1.1 million.
New services launched in FY16 include
Telstra ReadyCare®, a 24/7 telemedicine
service that connects Australians to an
experienced GP by phone or video and is
now used by consumers, business and
government.
Telstra Health was also selected by the
Commonwealth Department of Health to
deliver the National Cancer Screening
Register under a ve year contract. Telstra
will build and operate the Register that
will help manage bowel and cervical cancer
screening programs for more than 11 million
Australians by integrating existing databases
and improving access for patients and
practitioners to medical records.
Bringing to life what it means to be
a world class technology company
Telstra is building innovative growth
businesses in new markets and
industries, as well as driving innovation
within our existing business, to help meet
our ambition of becoming a world class
technology company.
We dene innovation as new ideas, new
products or new services that overcome
a problem or do something in a better,
simpler way for our customers. There are
four parts to our innovation approach –
incubation, collaboration, new methods
and, most importantly, people.
We are working on innovations that
create opportunities and new possibilities
for the things that matter, such as keeping
people healthy, safe and creating a more
liveable world.
Telstra Software Group
Software remains a key focus area as we
drive growth through new businesses and
digital ecosystems. Telstra Software Group
aims to create long-term global growth in
markets adjacent to Telstra’s core business.
Software Businesses
The Ooyala family of Over The Top (OTT)
premium video platform capabilities has
grown, as the acquisitions of Videoplaza
and Nativ have been successfully
integrated into the company. The Ooyala
impairment we recognised in the year
reects the changing dynamics in the
intelligent video market and the business
performance.
Ooyala remains a young and exciting
company with leading offerings in
intelligent video which continue to
evolve and scale.
This growing portfolio of products services
Ooyala’s 500 worldwide customers,
including broadcasters, media companies
and high prole enterprises. Ooyala
collectively serves 220 million unique
viewers with 3.5 billion events every day,
and was recently announced as the Media
Solutions Partner for Facebook Live+++.
muru-D startup accelerator
Telstra’s startup accelerator muru-D
operates out of Sydney and Singapore
with a partner program also successfully
trialed in Brisbane this year. Since October
2013, muru-D has funded 44 startups
and established a network of more than
390 active mentors, supporting 110
entrepreneurs who have collectively
generated $4.2 million in revenue and
raised $8.9 million in capital. This year we
announced partnerships with leading
accelerators, 500 Startups in Silicon
Valley, The Junction in Tel Aviv, and
HAX and Chin accelerator in Shanghai,
signicantly expanding muru-D’s global
reach and network.
We opened a dedicated Innovation
Lab – Gurrowa
In August 2015, we opened our Gurrowa
Innovation Lab in Melbourne, an open
innovation environment where Telstra,
our enterprise customers, partners,
incubators, vendors, and research
institutes can connect and collaborate
on cutting-edge technology.
We captured new ideas through
our hackathons
Telstra hosted two hackathons at Gurrowa
during the year, on the subjects of IT and
Data Science, bringing together inventors,
innovators and entrepreneurs from Australia
and around the world. Participants
created technology innovations in the
health, bio-science and t-technology
space, and developed innovative and
creative insights, visualisations and
predictions based on a given dataset.
In November 2015, we hosted our own
Internet of Things Challenge hackathon
in partnership with City of Melbourne,
where participants spent a week creating a
connected “thing” to improve life in the city.
Proquo – our quid pro quo service for business
Telstra partnered with NAB to create a new digital
marketplace for the more than two million Australian
small businesses. ‘Proquo*’ will help grow small
businesses, offering an online platform to network,
share skills and trade with each other.
Proquo – helping small business owners connect.
Strategy and performance | Telstra Annual Report 2016