Saturday, April 1, 2023

Startups are the big winners of MWC

The Mobile World Congress, which was held these days in Barcelona, ​​once again brought together thousands of companies and professionals working in the field of communication and mobile technology.

For a few years now, startups have had a prominent place in this event, and in the 2023 edition they have had a special role, because they have obtained the support of large companies such as Telefónica and Huawei.

Telefónica announces a new call for Open Gateway

The telecommunications giant used its MWC presence to announce a call for its Open Gateway program, designed to encourage and promote the development of startups in Spain. This program is a global initiative of Telefónica, called Wayra, which aims to promote innovation and digital transformation in the region.

The Open Gateway program offers elite startups a series of benefits, including access to a network of Telefónica experts, personalized training and registration, access to factory facilities at Telefónica, and the ability to establish strategic partnerships with the company.

Our main goal is to encourage the growth of startups and help them develop new solutions that improve people’s lives and businesses around the world. To achieve this, Telefónica is looking for disruptive startups in areas such as artificial intelligence, the Internet of Things (IoT), cybersecurity, blockchain technology, and virtual and augmented reality.

Selected companies have access to a potential investment of between 100,000 and 5 million euros, through Wayra and through Telefónica Ventures. In addition, participants will have access to the company’s B2B and B2C client network, which will allow them to develop pilot programs, develop solutions and participate in Telefónica events.

The open call will be open from March 1 to April 30, 2023. Startups who are interested in participating can present their work through Wayra’s online platform.

Chema Alonso, Chief Digital Officer of Telefónica, stated: “Open Port is an initiative to be promoted by the telco sector, with the participation of the entire ecosystem”, including the start. With this call we offer them the opportunity to work closer than ever to Telefónica and to create technology according to our resources and industry in the telco category, access to EAP that we are launching in cooperation with large companies in the digital ecosystem”.

Huawei launches its Huawei Cloud Start-up program

MWC intervened with the signing of a cooperation agreement between Huawei and FundingBox to accelerate Spanish startup opportunities for global business. Through the program, which is intended for companies that develop solutions in the fields of Machine Learning, artificial intelligence, Blockchain, Web3 and/or SaaS, and data analysis.

Both entities will collaborate to provide support in areas such as technical expertise, technical support, market scalability and financing opportunities.

The program will be officially launched this month through an Open Call that will begin with initial participation. A team of experts will evaluate the submitted proposals and select ten winners who will have access to a four-week acceleration program.

The program will end with the Pitching Day in Madrid, in which the chosen ones will present their project to an audience that will include senior Huawei officials.

Eric Li, CEO of Huawei Spain: “After more than 20 years of supporting digitization in Spain, supporting its position among the most innovative countries in Europe, Huawei takes another step in its duty to help the country, in this case promoting the startup ecosystem, key to technological and economic development due to its dynamism, agility and capacity for innovation. This cooperation with FundingBox is a great opportunity to help these emerging companies and achieve their goals through a high-impact acceleration program. The collaboration will be very useful for all parties who will learn from each other, benefiting from the vision of initiatives from different sectors, with which synergies we can ask.”

Xabi Chao, CEO of FundingBox commented: “FundingBox has been fighting for digital innovation, led by entrepreneurs, for the last 10 years, managing public projects and managing private projects in Europe. You get results when we apply a joining methodology to dissemination, search entities and talent assessment; development accelerator, and connections with technical communities of experts in an extraordinarily inspired and productive technical ecosystem over the years. And this project with Huawei is the best opportunity for Spanish companies to demonstrate their potential scalability, establishing connections with people who are experts in technologies related to their respective industries, while giving them space to achieve trade agreements beyond the limits of the

A great victory for 4Y4N

4Y4N is the space that the Mobile World Congress is devoted exclusively to technology-based projects. A total of 15 emerging companies were present during the four days of MWC at Banco Sabadell.

This year eight Ukrainian startups were present, who used pitching sessions to present their project and try to get financing. The coordinator of the Ukrainian delegation at the MWC pointed out that “starting to help Ukraine is the best way to help us.”

Among the companies that presented projects this year are Wegaw, which uses artificial intelligence to monitor the possibilities of generating renewable energy, and Dcycle, which has developed software that helps companies understand their environmental impact.

Banco Sabadell’s BStartup stand also serves as a platform for discussion and knowledge, and a total of 18 sessions were held that were focused on entrepreneurship.

The increase in activity around startups, and the growing interest of large companies in supporting developments and investing in them, shows that this sector will have a good future over time.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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