Applications for start-up funding have been opened by Telefónica at its London Academy, allowing users to submit projects to the start-up initiative.

The start-up funding program named the Wayra start-up initiative provides funding to successful applicants throughout the world.

Along with funding successful entries also receive mentoring, technical support, and access to a network of similar start-up businesses.

Academy director of Wayra UK, Ashley Stockwell said: “The support we can provide is significant, not only in terms of mentoring and a place to work, but most importantly through the opportunity to work alongside other like-minded entrepreneurs.”