Startups can now apply to Wayra Apply in Germany. Telefónica's Startup Hub is looking for founders who have already developed their first products or services.
The startups benefit from individual coaching, access to investors and the opportunity to launch a pilot project with Telefónica and thus gain a global corporation as their first major customer.
"Wayra and Telefónica Deutschland are working closely together to find innovative solutions that meet the specific needs of their business units. This strong exchange benefits both sides – the startups and Telefónica's business units,"
says Katrin Bacic, Head of Venture Development at Wayra.
Munich branch is an international role model for Wayra
In addition, Telefónica has launched the "IoT Activation" program to help startups test new Internet of Things solutions and thus shorten their time to market. The lab allows for early-stage functional testing, while providing access to high-quality tools and services that guarantee optimal network infrastructure and connectivity.
The original concept behind the Telefónica subsidiary was to invest in startups that would later be sold at a profit. The German Wayra branch changed At the end of last year the course: Instead of distributing venture capital, the startup division has since then seen itself as an intermediary between Telefónica and innovative young companies. In September Wayra then announcedthat the other locations in ten countries worldwide will also follow the Munich model.
