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-Telefonica Group - Prague accelerator Wayra knows its winners.

Global Banking News-May 24, 2013--Telefonica Group - Prague accelerator Wayra knows its winners(C)2013 ENPublishing - http://www.enpublishing.co.uk

ENP Newswire - 24 May 2013

Release date- 23052013 - The Wayra Academy in Wenceslas Square will welcome the winning projects during June 2013.

Twenty pre-selected teams that had applied for the accelerator Wayra presented their unfinished ideas to a committee composed of experts, businesspeople and investors. Out of 20 projects, it selected ten projects for Academy based in Prague, 2 teams successfully pitched for a London spot, each of which will get up to EUR 50,000 and support from the Wayra Academy. The photogallery of Wayra teams.

'The evaluation of the expert committee was not easy. Only such ideas for which we saw a realistic chance of success made it to the last round. We selected the projects based not only on their main idea and the possibilities of its application, but also according to the team behind the project,' said Felix Geyr, Director Strategy & Business Development at Telefonica Czech Republic which provides an umbrella to the Wayra programme in the Czech Republic. 'Iam looking forward to seeing their products come to market in the near future,' added Felix Geyr.

The main goal of the new Wayra accelerator is to support innovative technology projects. The winning teams will not only get premises and support from the Wayra Academy, but also access to 300 million customers of the Telefonica Group all over the world and up to EUR 50,000. This all is in exchange for a minority stake in the company.

The Wayra Academy will soon move into the adapted premises in the newly constructed Diamant building in the lower part of Wenceslas Square.

The Wayra project was established in South America in 2011 where it was very successful. A year later it arrived in Europe. Today it has its branches in Spain, the UK, Ireland, Germany and the Czech Republic. The conditions for people interested in participating are the same in each of the 13 Wayra Academies in Europe and South America.

An overview of the winning projects:

Big Launcher - Czech Republic

Big Launcher is an alternative interface for users of smartphones with the Android operating system optimised for individuals with deteriorated sight or some motoric disorder.

Excalibur - Slovakia

Excalibur is a mobile application changing the meaning of the words verification/authentication on the Internet by providing a device that, for the first time in history, is not only secure, but also easy to handle.

Data Molino- Slovakia

DataMolino is creating real ecosystem where our clients use the by square solution to get the benefit of electronic invoicing in paper based communication. The company has real paying clients and real use cases that validate our market approach. Furthermore, the current clients have expressed their interest in the data extraction and storage service we have started developing.

Linxy - Slovakia

Linxy simplifies the gathering of information while reading books and magazines. Just focus your iPhone on a certain text and you will get an immediate explanation of individual words and definitions. You will thus learn new words and facts in a quick and stylish way.

Mapilary - Slovakia

Just a few clicks and Mapilary can organise a meeting or a get-together. Visitors will see the place they are at now and their estimated time of arrival. The Mapilary application will offer them an optimal place for their meeting according to their current location or preferences. At the same time, they can get advantageous discounts from Mapilary partners, such as restaurants and pubs.

Mapz - Slovakia

'Remote Assistant' is a new mobile application that simplifies orientation for sight-impaired friends and acquaintances. The application sends a picture of the sight-impaired persons and displays their position on the map so that someone else can help them without having to be in immediate contact with them at all times.

Networker - Slovakia

Networker is an application which helps starting and simplifying cooperation in real time, recommends suitable types of people, provides support during a meeting as well as during other stages of an organisation's activities.

Onxpo - Slovakia

Onxpo helps organisers of commercial exhibitions and trade fairs increase the impact of their events including profit from and return on their investments in these events.

Trash out - Slovakia

TrashOut supports state administration, local governments, companies and organisations in their efforts to keep the environment clean and tidy. The company creates optimal solutions that allow mapping places of illegal waste dumping in various parts of the world.

Woppa - Slovakia

'The World of Opportunities' is a company with an increasable international presence. It promotes institutions willing to cooperate with young people by publishing job vacancies and helping them search for suitable candidates.

About Telefonica Czech Republic

Telefonica Czech Republic is a major integrated operator in the Czech Republic. It is now operating almost eight million lines, both fixed and mobile, making it one of the world's leading providers of fully converged services. The organization offers the most comprehensive portfolio of voice and data services in this country. It is paying special attention to the exploitation of the growth potential, particularly in the data and Internet sector. Telefonica Czech Republic operates the largest fixed and mobile network including a 3rd generation network, CDMA (for data), and UMTS, enabling voice, data and video transmission. Telefonica Czech Republic launched a LTE (Long Term Evolution) 4rd generation mobile communication network as the first operator in the Czech Republic. The new network offers the fastest available mobile Internet nowadays. Telefonica Czech Republic is also a notable provider of ICT services.

About Telefonica

Telefonica is one of the world's largest telecommunications operators by market capitalisation. Its activities are centred mainly on the fixed and mobile telephony businesses, while its broadband business is the key growth driver underpinning both. It operates in 25 countries and has a global customer base of 312 million. Telefonica's growth strategy is focused on the markets in which it has a strong foothold: Spain, Europe and Latin America. Telefonica is a 100% private sector company with its shares listed in Madrid and other stock exchanges and more than 1.5 million individual shareholders.

Contacts

Hany Farghali

Spokesperson

Telefonica Czech Republic, a.s.

public.relations.cz@o2.com

tel: +420 606 02 02 02

[Editorial queries for this story should be sent to newswire@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))
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Publication:Global Banking News (GBN)
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Date:May 24, 2013
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