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Wayra seeks new start-ups
The new call for projects will be open until 5 October, with places available in academies in 6 countries
Wayra, Telefónica’s international start-up accelerator, announced today that it is opening a new global call for disruptive digital start-ups. Interested start-ups will have until 5 October to apply, at www.wayra.co/apply, for a place in one of the 6 countries offering places in this call for projects: Spain, the United Kingdom (UK), Argentina, Peru, Chile and Venezuela.
In the case of the UK, Wayra has two academies:
- Wayra UnLtd, which is a joint venture with the Cabinet Office that accelerates 10 social ventures per year, and
- Wayra UK, which accelerates up to 20 high-growth digital start-ups without regard to their social impact.
Both academies are accepting applications in this call. Examples of start-ups currently within the Wayra UK and Wayra UnLtd portfolio include Yoyo, Doutissima, Iwunta, Daatch, Insane Logic and Third Space Learning.
After a thorough selection process vetted by international investors, the selected projects will take part in an acceleration programme that will include financing, mentors including top venture capitalists and Telefonica executives, specialized coaches, 8 months of rent-free work space in Central London, and dedicated help in seeking a commercial relationship with Telefonica both locally and globally.
“Although we are extremely proud of our start-ups, which have raised more than $10 million in the last 6 months alone, we are sure that the best is still yet to come,” says Gary Stewart, director of Wayra UK and Wayra UnLtd. “There is no doubt that there are a lot of talented start-ups in the UK ecosystem, and we are eager to bring as many of them as possible into our Wayra family.”
Wayra currently has a portfolio of more than 340 companies divided into 20 digital industries. Telefónica has already invested more than €14.3 million in early-stage companies accelerated by Wayra, while third parties (public and private funds and angel investors) have invested more than €43 million in Wayra’s portfolio companies.
Wayra is part of Telefónica Open Future, an open innovation platform that integrates all Telefónica Group’s investment vehicles and initiatives to foster entrepreneurship and innovation globally and that also includes alliances with external partners to increase the impact and reach of these initiatives worldwide.