CELERATES TECH START-UPS
six months in the Wayra Academy, receiving help to
accelerate their
business and technical support to further develop their ideas. At the end of the six months, projects are either introduced to a growing network of venture capitalists for next stage funding, or they may stay another six months in the Academy. In exchange for initial financing Telefonica receives the right of first refusal on products but it does not require the entrepreneurs to give it exclusivity.
“Launching in Europe is a natural move for Wayra. We have proven that the model works and we now want to create a global Entrepreneurship Network, with Europe being a fundamental part of this network,” said Gonzalo Martín- Villa, Global Director for Wayra. “If you are selected to be in the London Academy you are entering much more than that; you are becoming part of the Wayra global network, which can open doors and markets in Latin America for your start-up”.
*Entrepreneurs must be aged 18 or over
The Wayra Selection Process
• Start ups can submit their projects to Wayra today at
www.wayra.org/en/ wayra-uk-call-2012. The deadline for submissions is 22nd April.
• In particular, Wayra is looking for ideas and projects in the fields of Cloud services, financial services, future communications, user modelling, M2M, security, e-health, mobile applications & games, network/ systems, consumer internet services, e-commerce, location-based services, social innovation…or in any other digital field associated with the web environment or mobile software.
• The projects will be filtered and evaluated to ensure they meet Wayra’s criteria (see website for full details) and a shortlist will be selected
• An internal group of experts across Telefonica will meet and narrow down the shortlist (to between 30-40) who will then be invited to attend the Wayra Week. They will be notified in early May.
• The London Wayra Week is scheduled to take place in late-May where the projects will pitch their ideas with up to 20 of the best being invited to join the Academy.
For further information on Wayra, please contact:
http://wayra.org/en @Wayra @WayraUK
press@wayra.org 47 entrepreneurcountry
About Telefónica Digital Telefónica Digital is a global business division of Telefónica. Its mission is to seize the opportunities within the digital world and deliver new growth for Telefónica through research & development, venture capital, global partnerships and digital services such as cloud computing, mobile advertising, M2M and eHealth. Telefónica Digital will deliver these innovative products and services to Telefónica’s 300 million customers as well as leveraging the power of the internet to enter new markets. It is headquartered in London with regional centres in Silicon Valley, Sao Paolo, Spain and Tel Aviv. Jajah, Terra, Tuenti, giffgaff and 48 are all part of the Telefónica Digital group of companies.
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