Wayra Fair By Design

Wayra Fair By Design is a new acceleration programme that will tackle the poverty premium: where people in poverty pay more for many everyday goods and services – such as energy, insurance, borrowing, transport and food – than those who can more easily afford them.

The programme, which will be based in Wayra’s Open Future_ North facility in Oldham, will support up to seven start-ups a year.

Start-ups accepted to the programme will receive the equivalent of £70,000 in cash and business services, including working space at Open Future_ North and access to investors, mentors and coaches – and also potentially to a global audience through business development opportunities with Telefónica.

Through the new programme and accelerator, Wayra UK will support grassroots entrepreneurship and attract start-up talent, investment and business mentors.

Wayra Fair by Design will be funded and supported by the Fair By Design Fund, a partnership between Big Society Capital, the Joseph Rowntree FoundationFinance Birmingham and Ascension Ventures.

The fund has £8 million ready to deploy and is seeking to raise up to £20 million to invest into companies tackling the poverty premium, both within the accelerator and in separate investments across the UK.

[photo credit: the memo]

APPLY NOW

Oldham economy gets £220k boost!

X

By continuing to use the site, you agree to the use of cookies. To view full site contents, you must accept cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close