Wayra UnLtd, the joint venture between Telefónica’s technology incubator unit Wayra UK and the UK charitable organization UnLtd (provider of support to social entrepreneurs in the UK), announced on 9 May 2013 that it was open to submissions from UK early stage digital social ventures.
Applications are being taken until mid-June; shortlisted candidates will be invited to take part in a Wayra UnLtd Week. Up to 10 of the applicants will receive £40,000 of funding, in exchange for an approximate 5-10% stake in their business, and office space for eight months in a new Wayra UnLtd Academy located in London. The Academy plans to support 30 digitally-focussed start-ups over two years.
The partnership between Wayra and UnLtd was first announced in February 2013, and has been backed by the UK Government’s £10m Social Incubator Fund.