Telefonica’s tech accelerator Wayra has become one of the first to be awarded money from the government’s £10m Social Incubator Fund. In a partnetship with UnLtd, the Warya UnLtd Academy will provide investment and technical expertise to social entrepreneurs who use digital technologies to solve real-world problems. The organisation will look after 30 businesses over two years.
Bethnal Green Ventures, an accelerator for tech-based social enterprises, will also launch their Social Innovation Camp to support businesses tackling environmental and social problems. They will help 72 start-ups over four years.
"We are massively proud to celebrate this new partnership to find, support and grow digital social enterprises in the UK," said Simon Devonshire, director of Wayra Europe. "We are also thrilled the government is giving this special partnership its full support and backing. Together we aim to address significant social issues through the use of digital technology combined with entrepreneurial talent."