Wayra Fair By Design is a new acceleration programme that will tackle the poverty premium: where people in poverty pay more for many everyday goods and services – such as energy, insurance, borrowing, transport and food – than those who can more easily afford them.
The programme, which will be based in Wayra’s Open Future_ North facility in Oldham, will support up to seven start-ups a year.
Start-ups accepted to the programme will receive the equivalent of £70,000 in cash and business services, including working space at Open Future_ North and access to investors, mentors and coaches – and also potentially to a global audience through business development opportunities with Telefónica.
Through the new programme and accelerator, Wayra UK will support grassroots entrepreneurship and attract start-up talent, investment and business mentors.
The fund has £8 million ready to deploy and is seeking to raise up to £20 million to invest into companies tackling the poverty premium, both within the accelerator and in separate investments across the UK.
Accelerator manager: Wayra UK
Programme Duration: 1 year
- Financial Investment: yes
- Mentoring: yes
- Access to Investor Networking: yes
- Legal Services: no
- Accounting Services: no
- Office Space: yes
- Product Development: no
LinkedIn page: https://www.linkedin.com/company/17952355
Twitter page: https://www.twitter.com/WayraUK
Instagram page: https://www.instagram.com/wayrauk
Facebook page: https://www.facebook.com/wayrauk