16 of the Best
The successful start-ups will begin a six month residency at the London Wayra Academy, where they will be given financing, mentoring, and access to technological expertise and tools.
At the end of the six months, the start-ups will be introduced to a network of venture capitalists for next stage funding, with Telefónica having right of first refusal on all of the products.
“In this period of transition and uncertainty there is a huge opportunity to modernise and embrace the potential of the new digital economy,” says Simon Devonshire, director of Wayra in Europe. “What makes Wayra, and this judging process, so fascinating is that it gives a tangible glimpse into what a new digital economy might look like, and the nature of businesses that will drive it forward. Through Wayra we firmly believe we can help stimulate innovation, support economic growth and ultimately help nurture the skills and the jobs of the future.”
Among the 16 named start-ups are: MakeLight Interactive, with an app which can turn crowds' mobile screens into giant displays at large scale events; PixelPin, which aims to replace passwords with pictures; real-time dating app TrueView; video messaging platform Six3; and 2ndSight, a smartphone platform which enables blind people to use mobile touch screen technology.