Prague, 6 Feb 2015 – Wayra, Telefonica’s global startup accelerator, has today confirmed that it will close its academy in Prague this March, once the current cohort of eight startups has completed the programme. Wayra grows businesses by leveraging the local Telefónica operating business in each Country. Following the sale of Telefónica Cz, Ltd, the Company has agreed to finish the Wayra programme in Central and Eastern Europe to focus on the strategic regions in which Telefónica operates.
Wayra is part of the Telefónica Open Future initiative, which gathers together all the external innovation and Venture Capital investment vehicles of Telefónica Group. Open Future has analysed more than 30,000 digital projects and manages a portfolio of more than 500 startups. Open Future investment funds add up to more than € 300 million for supporting and investing in digital projects throughout the world.