Solutions that involve the Internet of Things, security, cloud, projects for network infrastructures and big data are particularly sought after
Wayra, the start-up accelerator network of Telefónica Open Future, has called on entrepreneurs for proposals focused on the digital environment.
It says solutions involving the Internet of Things (IoT), security, cloud, projects for network infrastructures and big data are "specially appreciated" and another "desirable", but not essential factor is for the solutions to have begun their commercial validation process. The closing date for submissions is 23 October.
It is the second call of the year and 27 places are available to develop ideas at Wayra’s academies in Caracas, London, Mexico DF, Munich, Santiago and São Paolo.
Selected companies will receive financial investment in the form of seed capital and acceleration services including a stay in an innovative co-working space by the project team, guidance and direct support from the Wayra team, mentoring on key issues for business growth, training in entrepreneurship tools and business management, access to Wayra, Open Future and Telefónica’s network of contacts and experience. This is not only in the city where their stay is based but also from the rest of the countries where the initiative is present, and exposure in the media and to potential investors.
Besides having a product or service that is based on new technologies and the internet which is validated by the market (having active users), requirements for participation include: having a scalable business model with global projection; boasting a multidisciplinary task force, with experience in the company’s sector; and being committed to the acceleration process. To access the call for proposals, go to wayra.openfuture.org
Wayra’s main objective it to promote innovation and detect new products and services in Latin America and Europe in the field of information and communications technology. Through its global project acceleration model, Wayra supports entrepreneurs in their development by providing them with technological tools, qualified mentors, an avant-guard working space and funding to accelerate its growth.
Telefónica Open Future is a global programme designed to connect entrepreneurs, start-ups, investors and public and private partners around the world to capture innovation and business opportunities. Its goal is to support talent at all stages of growth through a comprehensive model for acceleration that is designed to connect talent with organisations, investors and companies.
The programme incorporates all the Telefónica Group’s open innovation, entrepreneurship and investment initiatives (Think Big, Talentum, Crowdworking, Wayra, Amérigo and Telefónica Ventures) through a global network that is open to participation by external partners that wish to develop their own entrepreneurial and investment strategies.
To date, more than 49,000 proposals have been analysed, with a portfolio of over 1,300 start-ups; it is present in 17 countries and a total of 384 million euros has been committed to investment by Telefónica and its partners.
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