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UPDATED: As Telefonica accelerator Wayra officially opens its doors in Prague, an incumbent player – StartupYard announces its results over 15 months, and calls for new applicants. Startup Yard funded 17 startups and by their own count, 15 are still active, 8 received funding, 2 ended up failing, and 1 from this year’s class was acquired.
In details: Startup Yard’s Pizzatime was acquired by the Slevomat Ventures Group, and is now called Damejidlo.cz. Proactify, Simpletest.IO, Yeago, Tabfoundry, Spectu and a few others who do not disclose the transactions have received funding.
The team at StartupYard is now accepting applications for their next class and will be doing so until the deadline of January 7, 2013. Currently, there are two program options available to prospective startups. Those in need of funding may opt for the package which includes $10,000 (~7,700 euros) and 10% equity in the startup. Applicants not pursuing funding can enroll in the other program, which requires only 5% equity in the startup. In both cases, the program lasts 6 months and applicants receive guidance from more than 90 mentors. The program for 2013 will begin in March. At the moment, the team at StartupYard say that they plan to run programs once or twice per year for groups of 5-10 teams.
The accelerator was launched in November 2011, Michal Illich, Credo Ventures, and Petr Ocasek became its initial backers. Managing the accelerator are Nikola Rafaj, Michal Illich, and Ondrej Bartos, who is also Partner and Chairman of the Board at Credo Ventures.
Now, let’s look at how Wayra offer differs: the mobile operator Telefonica-backed accelerator will offer working space, support and funding for the selected projects, which can raise up to EUR 50,000 and get access to 300 mln of Telefonica’s customers (the amount of equity Wayra will demand for this offer has not been made clear). The new accelerator receives applications until the 21st of January.
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