The Wayra acceleration programme will give you all that you need to take your start-up to the top. Funding up to $50,000, it’s a place to work surrounded by people like you, mentors, business partners, providing access to a global network of talent and the opportunity to talk to millions of Telefonica customers around the world.
Wayra connects entrepreneurial ecosystems between Latin America and Europe in a way that has not been seen before. We are ambitious for the future and we believe there is a new way to bring start-ups to large corporations, investors and venture capital funds.
Companies participating in our programme receive up to $50,000 in the form of a convertible loan note, Wayra then converts this into around 7 to 10% equity after the next round of investment. For 6 to 8 months start-ups accelerate their businesses in Wayra academies where they receive mentoring, technical support, access to business partners and Telefonica executives, and the chance to participate in a “demo day” at the end of the acceleration cycle. Undoubtedly, the backing from Telefonica is Wayra’s greatest asset, something you can’t find in any other accelerator. The chance to take advantage of synergies and find business opportunities with one of the largest telcos in the world, is a unique factor to attract any entrepreneur. In addition, being part of our Group opens the door to the main venture capital funds. Investors like Nauta, BBVA, Wayin, Elaia, Globant Bertlesman Group, Dad Neos, Mangrove, Greycroft, Caixa Capital and 500 Startups have invested in companies accelerated by Wayra.
http://wayra.co/