Telefonica asks start-ups and budding entrepreneurs from around the world to submit their projects, with winning ideas receiving support to grow their business
Wayra, Telefonica’s incubator designed to support startup companies developing new technologies and products for mobile, has opened a new global call for applications for its London Academy.
From today until January 21, budding technology entrepreneurs from all over the world can submit their projects via the Wayra website with the best ideas receiving investment and access to Wayra’s workspace and global network.
Successful projects will receive technical and commercial support to further develop their ideas, as well as other entrepreneurs across the network of Wayra Academies. In exchange for initial financing, Telefonica takes a minority stake in their companies.
It’s the first time Wayra has held a global call for applications with each Academy that has places available participating, meaning people can apply to their local Academy or another participating Academy in Europe or Latin America.
The Academy in London, as well as those in Barcelona, Bogota, Buenos Aires, Dublin, Madrid, Munich, Prague, Santiago and Sao Paulo are now open for applications. The Prague Academy is acting as a hub to attract digital talent from Eastern Europe.
Telefonica said holding a global call for applications marks a new approach from Wayra to reflect the speed with which start-ups and entrepreneurs emerge by giving greater flexibility and agility to the Academies. It added Wayra will now adopt this global approach for all future calls.
Wayra UK acting academy director Ashley Stockwell said: “The support we can provide is significant, not only in terms of mentoring and a place to work, but most importantly the opportunity to work alongside other like minded entrepreneurs.”