Telefónica's Start-up accelerator:Wayra call for Germany has opened

MUNICH. Wayra has opened its call for projects in Germany. Telefónica's worldwide start-up accelerator presents comprehensive information at the website where it also receives applications until July 8, 2012. The ten best start-ups will move in September into the Wayra academy in Munich.
They not only get access to a state-of-the-art workspace and up to 50,000 Euros in funding there, but also extensive support and coaching. Telefónica does not require exclusivity in return. The young founders get coached by experienced mentors from Telefónica and the Wayra partner network. They can also work with entrepreneurs from the other Wayra countries. "Wayra is a truly global programme to accelerate start-ups in their development," says Markus Haas, Managing Director Corporate Affairs & Strategy at Telefónica Germany. "We give them the necessary momentum and so we find and nurture the best technology ideas and talent." Wayra is part of Telefónica's new Digital unit and set to become the world's largest startup accelerator programme. In just one year, more than 10,000 startup-up companies from eleven countries turned their business ideas in. Through its support for the successful businesses of the future, Wayra is also a key part of Telefonica's Think Big programme, a series of 2015 commitments to promote an entrepreneurial spirit in Europe.
"We have shown that the model which worked so well in Latin America could successfully meet the needs of European entrepreneurs," says Gonzalo Martín-Villa, CEO of Wayra Global. "We're moving at a fantastic pace with the Wayra expansion and Munich will become our third Academy to launch in Europe since January," continued Simon Devonshire, Director of Wayra Europe. In the Wayra academy, the start-ups benefit from the technological expertise of Telefónica and O2. They will also have access to the entire Wayra network in Europe and Latin America and get the opportunity to sell their products to the more than 300 million Telefónica customers worldwide. After the acceleration period, they will present their projects to a network of venture capitalists for follow-up funding. Telefónica receives an up to ten-percent share in each start-up as well the right of first negotiation on products and services.
Please find the application website for Wayra in Germany here: Further information about Wayra can be found online at:
About Wayra Wayra is a Telefónica Digital initiative whose main aim is to promote innovation and identify talent in Latin America and Europe in the fields of Internet and new information and communication technologies (ICT). It is headed by Telefónica's Gonzalo Martin-Villa, Global Director for Wayra, and Simon Devonshire, Director of Wayra Europe. Wayra's global project acceleration model helps entrepreneurs develop, providing them with technological tools, qualified mentors, a cutting edge working space of the financing required to accelerate their growth. Currently present in eleven countries (Argentina, Brazil, Chile, Colombia, Spain, Mexico, Peru, Venezuela, UK, Ireland and Germany), Wayra's calls for projects have received more than 10,000 new digital business proposals, making it one of the world's leading platforms for identifying technological talent in the ICT world. The Wayra academies in Bogotá, Mexico City, Buenos Aires, Lima, Madrid, Barcelona, Caracas, and soon to be opened in Sao Paulo and Santiago de Chile and other cities of the world, currently host 100 acceleration start-ups. Telefónica Germany GmbH & Co. OHG and its brand O2 belong to Telefónica Europe and are part of the Spanish telecommunication group Telefónica S.A. The Company offers its German private and business customers postpaid and prepaid mobile telecom products as well as innovative mobile data services based on the GPRS and UMTS technologies. In addition, the integrated communications provider also offers DSL fixed network telephony and high-speed internet. Telefónica Europe has more than 105 million mobile and fixed network customers in Spain, Great Britain, Ireland, the Czech Republic, Slovakia and Germany.