Vodafone and Technoport completed the formation of Tomorrow Street JV.

Vodafone, a multinational telecommunications conglomerate, and Technoport, the national incubator in Luxembourg for innovative and technology-oriented businesses, formed a Tomorrow Street joint venture. The formed company will be owned on a 50/50 basis by Vodafone and Technoport. Financial terms were not disclosed. The goal of this new innovation center is indeed to host more mature startups and help them scale internationally by leveraging Vodafone’s strategic worldwide network of partners and resellers. “The innovation center creates a unique platform to help small companies go global. The environment in Luxembourg is ideally suited to supporting such activities in the ICT space,” Ninian Wilson, Vodafone CEO.