Boris Johnson opens Wayra Academy for Britain’s brightest & best tech entrepreneurs

Boris Johnson opens Wayra Academy for Britain's brightest & best tech entrepreneurs

The Mayor joined senior figures from O2 parent company Telefonica, in congratulating 16 of the UK’s most talented digital entrepreneurs who have secured a place at the state-of-the-art Academy.

The budding success stories met by the Mayor included, a polling application that lets people survey their friends and Epicurely, a social network for people who love food.

All the start-ups have taken ICT and translated it into an exciting range of new ideas, across a whole range of industries. At Wayra UK, they will be supported to nurture their ideas and talent through the provision of financing, technology, mentorship and support.

Speaking at the opening Johnson highlighted his ambitions for the tech sector, his support for young entrepreneurs and stressed the positive role that such accelerators can play in developing the future digital economy and driving economic growth and recovery in the UK.

Saying: “The Wayra Academy is a fantastic initiative that will harness precisely the kind of creativity and entrepreneurship we need to create jobs and drive economic growth. Home to some of the finest minds in innovation and design, London’s digital sector has huge potential to create jobs for Londoners and grow the capital’s economy. This is why we must do everything we can to help people who want to start their own businesses turn their ideas into reality. I wish all those who come through the Academy’s doors the very best of luck as they nurture their ideas into fully fledged companies with the potential to offer vital employment opportunities for Londoners and a huge boost to our economy.”

The opening of London’s Wayra Academy, the 10th global Academy has 13,000 sq ft of workspace with world-class incubation facilities, and Telefónica’s multi-million pound investment in its London-based Telefónica Digital business demonstrates a clear commitment to fuelling growth and innovation in each of its European territories.

The London Wayra Academy, which has been supported by the Mayor of London’s official promotional agency, London & Partners, will encourage growth, investment and job creation in the UK and London by anchoring UK digital innovators in the city. It encourages them to keep their talents in the capital by backing them with investment, mentoring, and technical expertise.

Uniquely for such incubator programmes, the academy provides global reach and potential to scale new businesses from concept to reality with access to a potential market of more than 300 million Telefonica customers worldwide.

At the event, O2 CEO Ronan Dunne re-asserted Telefonica/O2’s ambition to boost entrepreneurial spirit in Europe both by opening more Wayra academies over the next 12 months and by launching Campus Party in Berlin: “Growth in Europe is predicated on nurturing the skills and talent of future generations. As a digital services business, our success depends on identifying and backing great ideas and unleashing the positive potential of young people and technology.

London is the 10th Academy in Telefonica’s Wayra accelerator programme which globally has received more than 10,000 submissions and has already invested in over 100 start-ups. It follows the establishment of academies in Madrid and Barcelona with others set to open in Dublin and Munich soon.

Alumni of the global Wayra Academy network, include CogniCor, the smart complaint resolution service from the Barcelona Academy, who recently won the European Commission’s Tech All Stars competition to find the best entrepreneurs from accelerator programmes, incubators and web camps from around the EU.