New Wayra accelerator will turn Manchester into “Shoreditch of the North”
Telefónica group and Oldham council have teamed up to open hub which will “strengthen the start-up ecosystem" in the Greater Manchester area
A new start-up accelerator is to launch in Manchester as announced by Wayra UK, part of the Telefónica network, today.
Wayra is partnering with Oldham council to open a ‘Digital Enterprise Hub' in Oldham which it hopes will “decentralise digital innovation” and attract aspiring start-ups to the Greater Manchester area to create a “Shoreditch of the North”.
The enterprise hub will house up to 10 tech businesses and offer affordable, flexible workspace and equipment.
The chosen start-ups will also be able to access Wayra's acceleration services alongside advice from its network of investors, mentors and experts. Wayra will also provide seed funding to selected start-ups “that show promise.”
Councillor Jean Stretton, Oldham Council’s deputy leader, commented:
“These are exciting plans that could create a fantastic focal point in Oldham where small and medium enterprises, micro-businesses and people with great concepts can all innovate, grow and collaborate together.”
“Alongside packages of flexible workspace, mentoring and business support, Wayra UK also invests seed funding into start-up businesses that can show they have the vision and people needed to turn bright ideas into something that can become a big success.”
Gary Stewart, director at Wayra UK, added:
“The Greater Manchester area has the scale, influence and talent required to incubate a large start-up eco-system.”