Join us at TNW Conference 2022 for insights into the future of tech →

The heart of tech

This article was published on May 29, 2012

    Telefónica’s startup accelerator Wayra lands on rival Deutsche Telekom’s home turf

    Telefónica’s startup accelerator Wayra lands on rival Deutsche Telekom’s home turf
    Robin Wauters
    Story by

    Robin Wauters

    Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family a Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family and Belgian beer. If you'd like to know more about Robin, head on over to robinwauters.com or follow him on Twitter.

    Wayra, the hot new startup incubator founded by telecom giant Telefónica, recently opened a call for projects in Germany, where chief competitor Deutsche Telekom has just opened its own startup accelerator hub:raum in Berlin.

    Interested German startups can sign up now, until 8 July 2012, and the best 10 startups will then move into the Wayra academy in Munich next September.

    There, they’ll get access to workspace, Telefónica’s, O2’s and the Wayra partner network, coaching opportunities and up to 50,000 euros in funding.

    After the acceleration period, startups will present their projects to a network of VCs for potential follow-up funding. Telefónica gets an up to 10% share in each startup as well the right of first negotiation on products and services.

    Munich is the third Wayra Academy to launch in Europe since January this year, after the UK and Ireland. It has long been live across Latin America.