In addition to Barcelona and Madrid, six other academies offering places in this call for projects including Dublin and Munich in Europe; and Mexico City, Buenos Aires, Lima and Santiago in Latin America.
The priorities of this call for startups are projects related to:
- Products and services for retail, to improve the shopping experience, facilitate interaction at points of sale and monetize the buying process, like social shopping applications, big data solutions for characterization and customization of customers, among others.
- Productivity tools, to improve processes and team communication of both small and medium enterprises and corporations
- Applications and services that improve the experience of communication between people and enrich their digital environment integrating their devices.
After a thorough selection process, the best projects will be able to take part in the acceleration program that will provide financing, dedicated mentors, specialized training and advice, a work space for the team in the Wayra Academy and the opportunity to access Telefónica Group businesses.
Presently, Wayra has a portfolio of more than 317 companies divided into 20 digital industries. The fund pledged by Telefónica for early-stage companies accelerated by Wayra exceeds €13,5 million, while third parties (public and private funds, angel investors and VCs) have allocated more than €36 million in funding to Wayra-accelerated start-ups.
To get an idea of a local success story, Barcelona startup Infantium explains how they took full advantage of the Wayra Academy and Telefonica’s resources.
In addition, Telefónica has just released the “Open Future” program, which includes a free and virtual accelerator (www.openfuture.org), which will help young entrepreneurs to grow and advance their projects and network with other thousands of entrepreneurs around the world.