Bulgarian IoT company Allterco Robotics, a wholly-owned subsidiary of telecommunications services provider Allterco [BUL:A4L] said on Tuesday it has joined Deutsche Telekom’s Hub:raum programme for mentoring startups with innovative business ideas.
Together with Deutsche Telekom, Allterco Robotics will develop its smart LTE tracking devices MyKi and will work on its Smart Home product line Shelly, the company said in a statement. “This is a great opportunity for development and creation of new products and services, aiming to make people’s lives easier and more secure,” Dimitar Dimitrov, CEO of Allterco Robotics said in the statement.
Founded in 2012 by Deutsche Telekom, Hub:raum enables and encourages the innovation transfer from the startup world to Deutsche Telekom, creating new business opportunities for both sides.
Allterco operates on ten markets worldwide. In Southeast Europe, the Sofia-based company has offices in Romania, Serbia and Macedonia. It partners with over 20 mobile operators in seven countries on three continents and its services reach around a billion users.