Wayra Global Alliance expands into China

We’re proud to welcome Chinese start-up accelerator Virtue Inno Valley (“VIV”) as the latest member to join the Wayra family.

Backed by the renowned Tsinghua University and based in Zhong Guan Cun – often referred to as the Chinese Silicon Valley – VIV is one of the most active technology, media and telecoms incubators in China.

Wayra, Telefónica’s start-up accelerator programme, already has a presence in twelve countries across Europe and Latin America, and currently houses over 170 digital new businesses globally. With our first presence in Asia, we hope to support even more great new talent and build on our global network of great tech entrepreneurs.  

Gonzalo Martin-Villa, CEO of Wayra: “The Wayra Global Alliance is born with the vision to create a great international network of innovation detection and reduce the gap of investment and commercial opportunities between geographical regions through technology. Thus, we are very happy to extend our global footprint to China through our alliance with Virtue Inno Valley, which provides us with immediate access to early stage innovations emerging from the largest TMT market in the world with 1.4 billion population and already more than 800 million mobile internet users.”

Read more about this story on the Wayra website, or on the TechCrunch blog.