{"id":42010,"date":"2018-02-08T19:49:57","date_gmt":"2018-02-08T17:49:57","guid":{"rendered":"https:\/\/newserver.fyb.de\/otto-group-85-million-euros-for-company-owned-startups\/"},"modified":"2018-02-08T19:49:57","modified_gmt":"2018-02-08T17:49:57","slug":"otto-group-85-million-euros-for-company-owned-startups","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/otto-group-85-million-euros-for-company-owned-startups\/","title":{"rendered":"Otto Group: 85 million euros for company-owned startups"},"content":{"rendered":"<p>Hamburg \u2014 New busi\u00adness models that contri\u00adbute to corpo\u00adrate know\u00adledge and its deve\u00adlo\u00adp\u00adment are worth a whop\u00adping 85 million to the <strong>Otto Group<\/strong>. They are now to be made available for self-foun\u00adda\u00adti\u00adons in the startup sector. This is inten\u00added to streng\u00adthen corpo\u00adrate company buil\u00adding through Otto Group Digi\u00adtal Solu\u00adti\u00adons (OGDS), one of the company\u2019s stra\u00adte\u00adgic pillars<\/p>\n<p><strong>OGDS will focus on the crea\u00adtion of retail-rela\u00adted start\u00adups<\/strong> in order to actively shape the digi\u00adtal future of the Otto Group. Two to three new busi\u00adness models with a focus on logi\u00adstics, e\u2011commerce and fintech are to be crea\u00adted each year in the inter\u00adnal company forge.<\/p>\n<p>Since 2012, this model has been an inte\u00adgral part of the digi\u00adtal stra\u00adtegy and successfully imple\u00admen\u00adted by the company buil\u00adder Liquid Labs; more than ten compa\u00adnies have alre\u00adady been foun\u00added since then. This makes the Otto Group a pioneer in the area of company-owned incubators.<\/p>\n<p>\u201cWe solve the chal\u00adlenges of digi\u00adtal trans\u00adfor\u00adma\u00adtion with the advan\u00adta\u00adges of a startup and the connec\u00adtion to the stra\u00adte\u00adgic assets of the Otto Group. This model gives us a clear compe\u00adti\u00adtive advan\u00adtage. Unlike exter\u00adnal start\u00adups, we can take advan\u00adtage of the Group struc\u00adture, still test our ideas quickly and immensely acce\u00adle\u00adrate the growth of our start\u00adups,\u201d explains  <strong>Paul Joze\u00adfak (pictu\u00adred), mana\u00adging direc\u00adtor of Otto Group Digi\u00adtal Solu\u00adti\u00adons and Liquid Labs<\/strong>, in a press release issued by the company yester\u00adday (Tues\u00adday).<\/p>\n<p>\u201cBy focu\u00adsing on our own start\u00adups, we are clearly focu\u00adsing on inno\u00adva\u00adtions for our core busi\u00adness rather than on quick returns. With our start\u00adups, we are not only driving our own digi\u00adtiza\u00adtion, but also provi\u00adding the market with digi\u00adtal solu\u00adti\u00adons for the future,\u201d confirms Dr. Rainer Hille\u00adbrand, Member of the Group Manage\u00adment Board respon\u00adsi\u00adble for Group Stra\u00adtegy, E\u2011Commerce, Busi\u00adness Intel\u00adli\u00adgence and Deputy Chair\u00adman of the Manage\u00adment&nbsp;Board.<\/p>\n<p>Previous OGDS start\u00adups include coll\u00adec\u00adtAI, an end-to-end digi\u00adtal receiv\u00ada\u00adbles manage\u00adment provi\u00adder; RISK IDENT, a service that detects frau\u00addu\u00adlent acti\u00advity during online orde\u00adring and payment proces\u00adses in real time; and Border\u00adGuru, a full-service solu\u00adtion for cross-border e\u2011commerce that is now part of Hermes Group. They have all been able to deve\u00adlop into estab\u00adlished play\u00aders in the free market, offe\u00adring added value along their value chain to trading and finan\u00adcial compa\u00adnies in particular.<\/p>\n<p>Other start\u00adups include Shopping24 Inter\u00adnet Group, a provi\u00adder of shop\u00adping portals and product search engi\u00adnes, Otto Group Media for data-driven adver\u00adti\u00adsing, and the two idea labs Liquid Labs and Into\u2011e.<\/p>\n<p>One advan\u00adtage for OGDS is that it can use inter\u00adnal Otto Group assets, such as know\u00adledge of custo\u00admer groups, website reach or logi\u00adstics infra\u00adstruc\u00adture as stra\u00adte\u00adgic leverage to acce\u00adle\u00adrate growth and ther\u00adeby build market-rele\u00advant businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hamburg \u2014 New busi\u00adness models that contri\u00adbute to corpo\u00adrate know\u00adledge and its deve\u00adlo\u00adp\u00adment are worth a whop\u00adping 85 million to the Otto Group. They are now to be made available for self-foun\u00ad\u00adda\u00ad\u00adti\u00adons in the startup sector. This is inten\u00added to streng\u00adthen corpo\u00adrate company buil\u00adding through Otto Group Digi\u00adtal Solu\u00adti\u00adons (OGDS), one of the company\u2019s strategic&nbsp;[\u2026]<\/p>\n","protected":false},"author":2,"featured_media":42019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366],"tags":[],"class_list":["post-42010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","news-category-venture-capital-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Otto Group: 85 million euros for company-owned startups - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/otto-group-85-million-euros-for-company-owned-startups\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Otto Group: 85 million euros for company-owned startups - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Hamburg \u2014 New busi\u00adness models that contri\u00adbute to corpo\u00adrate know\u00adledge and its deve\u00adlo\u00adp\u00adment are worth a whop\u00adping 85 million to the Otto Group. They are now to be made available for self-foun\u00adda\u00adti\u00adons in the startup sector. This is inten\u00added to streng\u00adthen corpo\u00adrate company buil\u00adding through Otto Group Digi\u00adtal Solu\u00adti\u00adons (OGDS), one of the company\u2019s stra\u00adte\u00adgic [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fyb.de\/en\/otto-group-85-million-euros-for-company-owned-startups\/\" \/>\n<meta property=\"og:site_name\" content=\"FYB Financial Yearbook\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-08T17:49:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fyb.de\/wp-content\/uploads\/2018\/02\/a-paul-Otto-Group-70801-detail-e1518112556198.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"365\" \/>\n\t<meta property=\"og:image:height\" content=\"259\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tatjana Anderer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tatjana Anderer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.fyb.de\/en\/otto-group-85-million-euros-for-company-owned-startups\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.fyb.de\/en\/otto-group-85-million-euros-for-company-owned-startups\/\"},\"author\":{\"name\":\"Tatjana Anderer\",\"@id\":\"https:\/\/www.fyb.de\/en\/#\/schema\/person\/4308b3086925bc8567ceba3ebd69b4ce\"},\"headline\":\"Otto Group: 85 million euros for company-owned startups\",\"datePublished\":\"2018-02-08T17:49:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.fyb.de\/en\/otto-group-85-million-euros-for-company-owned-startups\/\"},\"wordCount\":436,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.fyb.de\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.fyb.de\/en\/otto-group-85-million-euros-for-company-owned-startups\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2018\/02\/a-paul-Otto-Group-70801-detail-e1518112556198.jpeg\",\"articleSection\":[\"General\",\"Featured\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.fyb.de\/en\/otto-group-85-million-euros-for-company-owned-startups\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fyb.de\/en\/otto-group-85-million-euros-for-company-owned-startups\/\",\"url\":\"https:\/\/www.fyb.de\/en\/otto-group-85-million-euros-for-company-owned-startups\/\",\"name\":\"Otto Group: 85 million euros for company-owned startups - 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