17 tech start ups chosen for support by Telefonica's accelerator academy Wayra

17 tech start-ups have been chosen by Telefonica’s accelerator academy Wayra which will see them each receive to €40,000 in funding to aid their development.

The companies chosen were Narrato, TicketingHub, TankTop TV, Songdrop, GoCarShare, Peekster, Sponsor Craft, Eventstagram, JollyDeck, Dattch, iHELP, Removalstars.com, Ensygnia, Munch, Gordon Games, SaaSAssurance and El Technologies.

The successful applicants were chosen from 3,444 companies across 32 countries, which led to 30 start-ups taking part in a three-day pitch process to whittle down the final winners.

The funding may lead to a Telefonica taking a minority shareholding in each business of between five and ten per cent. They will also receive access to a central London work space rent free, and be given mentoring advice from executives, legal and financial advisors and angel investors.

Meanwhile, Charmaine Eggberry has been named as the new academy director, taking over from Ashley Stockwell.

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