Wayra is the fast track into Telefónica. As their open innovation initiative, we are supporting and investing in startups, developing products useful for one of the leading telco operators in the world. We ignite your business providing you with the opportunity to win Telefónica as a client and to unlock the access to more than350 million customers.
We do not offer a typical acceleration program. We analyse startups individually based on the company stage, maturity level as well as needs. We are a global business hub that helps startups with potential to do business with Telefónica Group and to grow fast. We have our micro CVC (Corporate Venture Capital), that allows us to invest in selected business’ and offer specific benefits for their needs.
Your business success is our success and we develop a flexible path that adds value to both of us.
The Venture Development Program offers:
Telefónica will have the option of investing in your next funding round with a discount of up to 20% on your valuation.
The program is four months, including one month of pre-acceleration and three months of venturedevelopment.
We believe within that time frame you can win Telefónica as your client and launch your joint project.
During the four months you will work directly with a business unit at Telefónica. In the first month, the milestones and deliverables will be set. Also, we will create a coaching plan together with you. As soon as this phase is over, the three months acceleration starts. You will conduct a pilot project with Telefónica, following the overall goal to win Telefónica as a client.
We are looking for startups ready to implement their solutions within Telefónica. If your company’s offer goes beyond a minimum viable product, we are thrilled to explore use cases with our parent group. Nevertheless, if you have a valid use case for Telefónica, we will be happy to dig into it.
We accept applications on a rolling basis.
If you received a personal invitation from our venture development team, then YES. Moreover, if you operate in an area that can contribute to Wayra and Telefónica, please do submit an application.
We look for growing startups, with a focus on either B2B or B2C which provide solutions for Cybersecurity, IoT, Big Data, Artificial Intelligence, Machine Learning, 5G, Insuretech, Fintech... or that brings operational efficiency to Telefónica Group or o2.
It depends mainly on the business unit. From our side, you can do pretty much everything remote. The only thing we ask for is to meet you at least ones face to face because we are convinced that this pays into our future collaboration and makes it more personally.
Having other responsibilities and places to be outside of Wayra is a very common occurrence and can be balanced with the program.
If you can’t find an answer to your questions either on our website or in the FAQs, please ask them first in an email. As you could imagine, calls with potential startups require more time than it is available. That is why we kindly ask you to send us an email and we are happy to answer them. If you still have open questions, let us know and we can have a call for answering those questions.
We are only able to facilitate communication with our partners directly through the application and participation in our program. We do not act as a liaison to connect our partners to opportunities outside of the scope of the program.
Wonderful, now you are one step closer to working with Telefónica. At this stage, we don’t need anything further from your side. In case, any information is missing or we need more, we will get back to you.
We have a scouting team that searches for potential startups that fit best to our challenges. They screen various platforms and use different tools.
We want to help you win Telefónica over as your client. If you are interested in entering other markets such as UK or Spain, we are more than happy to help you conquer those areas.
After a successful pre-acceleration, you will receive 5K, and after a successful acceleration 20K
Wayra is the fast track into Telefónica.
As one of their open innovation initiatives, wayra Germany supports and invests in startups, developing products that will be useful to Telefónica, one of the leading telco operators in the world.
We ignite your business by helping you win Telefónica as a client and thus gain access to its more than 350 million customers.
We do not offer a typical acceleration program.
We analyze startups individually, based on the stage the company is at, its maturity level and its needs.
We are a global business hub that helps startups with potential to do business with Telefónica's global group and grow fast. Our micro CVC (Corporate Venture Capital) allows us to invest in select businesses and offer specific benefits that suit their individual needs.
Your business success is our success, and we develop a flexible path that adds value for both of us.
The Venture Development Program offers:
Telefónica will have the option of investing in your next funding round with a slight discount on your valuation.
We buy samples of your technology to cut costs, drive our revenue, or to pursue new business opportunities.
The program lasts four months, made up of one month of pre-acceleration and three months of venture development.
We believe that, within that time frame, you can win Telefónica as your client and launch your joint project.
During the four months of our program, you will work directly with a business unit at Telefónica.
In the first month, the milestones and deliverables will be set. Together, we will also create a customized coaching plan. As soon as this phase is over, the three-months acceleration phase starts. You will conduct a pilot project with Telefónica, with the overall goal of winning Telefónica as a client.
At wayra Germany, we look for startups that are ready to implement their solutions within Telefónica. If your company’s offer goes beyond a minimum viable product, we would be thrilled to explore use cases with our parent group.
Nevertheless, if you have a valid use case for Telefónica, we will be happy to hear about it.
We accept applications on a rolling basis.
If you have received a personal invitation from our venture development team, then YES, you are.
If you operate in an area that could contribute to wayra and Telefónica, please do submit an application.
We look for growing startups, with a focus on either B2B or B2C, which provide solutions for Cybersecurity, IoT, Big Data, Artificial Intelligence, Machine Learning, 5G... or which could brings operational efficiency to Telefónica's global group.
It depends largely on the business unit. As far as we are concerned, we can do almost everything remotely. The only thing we ask for is to meet you at least once face to face because we are convinced that this is constructive for our future collaboration and makes the program more personal.
We know that you will have other responsibilities and places to be outside of wayra, so the program can be planned flexibly around any external commitments.
If you can’t find an answer to your questions either on our website or here in the FAQs, please first send us your question(s) in an email (de@wayra.org).
Although we are more than happy to answer any questions you may have, unfortunately we do not have enough time to deal with everyone’s enquiries on the phone, which is why we ask you to first contact us via email.
If you still have open questions after emailing us, simply let us know so that we set up a call and answer your remaining questions.
We are only able to facilitate direct communication with our partners for startups that participate in our program.
Great-now you are one step closer to working with Telefónica. At this stage, we don’t need anything further from your side.
Should any information be missing or should we need anything more from you, we will get in touch.
We have a scouting team that searches for potential startups that fit best our needs. They screen various platforms and use various tools in the process.
We want to help you win Telefónica as a client.
If you are interested in entering other markets, such as the UK, Spain, or Latin America, we are also more than happy to help you conquer those areas. We have seven hubs across ten countries.
You will receive €5K after a successful pre-acceleration phase and a further 20K after a successful acceleration phase.