What kind of projects can be submitted?

Wayra is open to receive innovative proposals in any field of technological innovation which are mainly in early stages of development. , it is to say, which aren´t commercially active over 24 months.

Our main goal is to promote open innovation within the Telefónica Group . This is why our interest is to attract projects that develop products and solutions that can generate business with Telefonica .

However, each call has its own requirements, so we encourage you to read the Terms and Conditions which are posted at all times for more accurate information.

Once your project has been selected, you will be part of Wayra.

Wayra provides start-ups direct financing through a participating loan (or the equivalent, according to the legislation and currency exchange stipulated in the country where the project has been presented) for a maximum amount of $ 50,000. Besides, it gives you acceleration services valued at $ 70,000. In return, Wayra receive a share in the capital of your company minimum of 7% and maximum 10% as well as other rights such as the right to preferential marketing about your products and / or services.

Do not forget that your start-up must be formed in any of the countries in which Wayra is present. These are: Spain, UK, Germany, Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela. They can also participate start-ups established in the United States. Otherwise, when you present your request for access, you will have time until the formalization of your entry into Wayra if you are selected, to complete such formalities constitution.

In addition to the initial funding, what else implies being selected by Wayra?

While direct funding is important for start- ups at an early stage, another essential aspect of your participation in Wayra are the acceleration services you will be provided. These are, among others: networking with other start- up and investors, mentorship offered by reputable professionals; access, if any, to the commercial network of a large company such as Telefonica and, ultimately, the opportunity to acquire the knowledge and experience needed to take your company to the top.

What are the acceleration services provided by Wayra?

In addition to direct monitoring and practical guidance from the directors of the Wayra academies, we offer, among others, the following services:

• An open and modern workspace in the most important business districts of the cities in which we have an academy Wayra disposal.

• Access to the network of contacts in Wayra and Telefónica Group

• Consulting and training services to manage a successful technology company.

• Assigning mentors: each start-up has the advice and guidance of our mentors, internal and external, shaped by more than 300 people in the world. They will advise you on the best way to develop their project, decision-making for the day, etc.

• Networking: it provides access to Wayra contact network, which includes, among others, potential investors, entrepreneurs and professionals in the venture capital industry. It also includes the ability to engage and interact with the protagonists of technological talks and events hold in and out the academies.

• Access to the Telefónica Group: there is a chance to get up close to the top management of Telefónica Group, both in your country and in the world, assigning you tactical and strategic mentors within the company. We also get in touch with the areas of Telefónica that might be interested in your products and services, as well as internal channels of the Group companies, so you will have the opportunity to market your product or service within the database Telefonica Group.

• Access to the Telefónica Group: there is a chance to meet the top management of Telefónica Group, both in your country and in the world, assigning you tactical and strategic mentors within the company. We also get in touch with the areas of Telefónica that might be interested in your products and services, as well as internal channels of the Group companies. So you will have the opportunity to market your product or service within the database Telefonica Group.

My project is complex and probably requires more development to optimize, do I submit it to Wayra ?

Of course. In Wayra we have an investment model called early stage , so we are aware that there is still work to be done. We will help you to improve in those areas that you need, and to get additional funding, putting at your disposal our network of contacts in the world of investment funds in seed capital, among others.

After my stay at Wayra Academy , will I still be linked to the initiative ?, how?

After a period of between 6 and 12 months, it shall terminate the process of acceleration in Wayra academies, without prejudice to the relations that freely you want to continue to maintain with mentors , partners and Wayra . However , we like to say that "once you're Wayra, you always will remain " and in fact, once the period of acceleration is finished, Wayra will continue to accompany you, as long as it will become a partner of your company.