Wayra UK is part of Telefónica Open Future_, the open programme that integrates the different initiatives of the whole Telefónica Group related to entrepreneurship and innovation. Wayra UK gives direct funding, acceleration and pre-acceleration services (such as co-working space, connectivity services, mentoring, access to Wayra UK’s network and knowhow, training in entrepreneurship and business skills) to selected start-ups. Wayra UK has partnered with some of the world’s leading organisations to offer a number of verticals that help generate growth, create positive societal impact and fuel innovation across a number of industries. These include Velocity Health with Merck Sharp & Dohme Limited (MSD), a global healthcare company transforming healthcare, and ASOS – one of the world’s leading fashion destinations for 20-somethings – which is developing technology that can make the ASOS experience even better for its 11 million customers around the world. Wayra UK are also working alongside local and regional partners to reinvigorate entrepreneurial ecosystems, energise local economies and democratise entrepreneurship. Start-ups in the Greater Manchester area have the opportunity of joining Wayra North, a new digital enterprise hub and pre-acceleration programme supported by Hack Oldham and the Oldham Council. In Birmingham, start-ups have access to a 2,500 square foot space within Wayra Midlands at the Serendip® Smart City Incubator.
ObjectivesWayra UK’s traditional call is a cross-industry call for start-ups developing innovative digital products, services and technologies that help shape the digital society in which we live. Our full programme gives direct funding and acceleration services (such as co-working space, connectivity services, mentoring, access to Wayra UK’s network and knowhow, training in entrepreneurship and business skills) to selected start-ups. Wayra UK contributes circa £34,000 as financial investment and another £34,000 in acceleration services in exchange for an equity stake in the companies.
HistorySince its launch in 2012, Wayra UK has supported over 160 start-ups, which have gone on to raise close to $150M in third-party investment.
To date, more than $7M has been generated through contracts between our cohort and Telefonica, with our start-ups also winning over 95 contracts and trials with the global telco.
6 businesses have successfully exited and our social innovations topped the UK Cabinet Office’s Social Incubator Fund. In early 2017, Charlotte Street Capital ranked Wayra UK as the No1 accelerator in the UK.
Apply now to become part of the Wayra family. Since launching in 2012, Wayra has invested in over 160 start-ups and managed programmes to help these companies grow, scale and raise third-party funding.