|Telefonica, China Unicom and THTI have been cooperating since 2014 as part of their open innovation initiatives to find and share new, relevant solutions for the telecommunications industry, as well as to support entrepreneurs through acceleration and internationalisation programmes. One of the main focus areas of the alliance is the Internet of Things (IoT). At the current time, the alliance has spaces in Asia, Europe and Latin America available for startups which are looking for somewhere to begin their operations abroad. The members of this alliance regularly launch calls to find startups working on their areas of interest in order to provide the startups with an acceleration programme located in one of the spaces the members have in Europe, Latin America and Europe. This is a great opportunity for startups that hope to grow in foreign markets aided by telecom companies which together give access to more than 700 million customers worldwide.