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Wayra Academy Madrid

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Published on Dec 20, 2011

Telefónica has inaugurated the first space to facilitate the creation of ICT-related companies in Spain, the Wayra Academy Madrid. The company has equipped an area measuring 1,100 m2 on the eighth floor of its historic building at Gran Via 28 so that entrepreneurs in ICT can have access to the latest technology and to the help and advice of both Telefónica and an extensive network of mentors.
The Secretary of State for Telecommunications and for the Information Society, Juan Junquera, accompanied the chairman of Telefónica, César Alierta, in inaugurating the Wayra Academy Madrid, which has been created with the intention and desire of becoming a unique space where emerging ideas can be developed in optimum conditions.
At the new Academy, ten technological innovation business projects selected by Wayra will take shape and be fast-tracked. These projects were chosen by Wayra last July in Wayra Week, during the latest edition of Campus Party in Valencia. They were chosen out of a total of 581 proposals from all the Autonomous Communities in Spain. (See appendix).
Spain has thus become the fourth country to house one of the Wayra Academies, which are already present in Colombia, Mexico and Argentina. Telefónica hopes to end the year with eight centres in operation, as it is already preparing centres in Brazil, Venezuela and Chile, which are soon to be inaugurated.
The Academies are meeting and work spaces, with access to the best technology and mentoring, where participants can interact with other projects and use connectivity facilities for connecting with the other countries where Wayra is present. The goal is to capture talent and support its growth, providing entrepreneurs with a comprehensive model for fast-tracking technological projects.
Telefónica's commitment to the creators of start-ups is not limited to financing. Instead, it accompanies the entrepreneurs from the very beginning, identifying their needs and helping them to cover them through administrative support, legal advice, training in the different areas of a business and top-level technological support, which one of the world's best telecommunications companies can provide through its R&D team. It does all this with the goal of making these start-up projects commercially viable.

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