Spain-based telecommunications company MásMóvil is seeking startups for newly formed accelerator Másventures, and is targeting high-potential businesses in the telecoms industry, El Español has reported.
Másventures will help startups access expertise, mentoring and financing with the aim of promoting telecoms entrepreneurship and innovation. It was expected to begin its search before the end of this month having already stocked its facilities with appropriate equipment.
The initiative will include realistic environments for product testing and the opportunity to meet investors who can drive further business growth. MásMóvil views it as an opportunity to feedback the experiences of innovation it has gained as a new entrant in Spain’s telecoms industry in 2006.
The company had begun life as a mobile virtual network operator before developing into Spain’s fourth largest telecommunications operator on the back of a merger with peer Ibercom in 2014.
MásMóvil now hopes to join Ibex 35, a benchmark containing the 35 most liquid stocks traded on the Madrid Stock Exchange General Index.