Telefónica Project Nurtures Start-Ups

The Project: By the end of this year, Wayra will take place in: Colombia, Spain, Mexico, Argentina, Brazil, Peru, Venezuela and Chile. Telefónica’s target is to select 10 projects in each country to back. Each will receive around $30,000 and $70,000 and will be under their wing for six months. In return, Telefonica will take an equity stake in each company they support.

 

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