Press Release - Legal Utopia Joins Wayra AI & Blockchain Accelerator 2020 Cohort
Updated: Apr 14
The programme provides the means for us to fully participate and the opportunity to turbo-charge our business with access to capital, expertise, networks, offices, and a potentially huge customer-base to scale our subscription service supported by Scottish Enterprise and sponsored by Cisco.
Wayra is the largest corporate accelerator run by entrepreneurs, founded in 2011 as part of Telefonica's Open Innovation Programme. Wayra has a presence in 10 counties, completed 137 trials and contracts with 193 portfolio companies with a combined $18.5m in generated revenue.
Legal Utopia was 1 of 10 start-ups selected to join the accelerator programme after Founder - Fraser Matcham - presented the ventures recently launched AI-enabled mobile app, facilitating access to law for small businesses and consumers at the Bayes Centre, the University of Edinburgh in early February 2020.
Legal Utopia will receive a £7,500 grant to facilitate weekly travel to Edinburgh for the 4-month programme duration, with the potential to receive further investment from Telefonica and the University of Edinburgh, as well as access to Telefonica's 346m global customers and investment network.
The programme also provides:
Access to world leading expertise in AI and Blockchain technologies;
1-to-1 business support and mentorship;
Training, bootcamps, workshops and programmes by coaches and mentors;
Use of a dedicated facility at the Bayes Centre, University of Edinburgh;
Telefonica staff support for start-up business opportunities;
Access to Scotland's entrepreneurial ecosystem for networking, events, funding, collaboration and more;
Tailored support from Scottish Enterprise;
Access to 346m Telefonica customers in 14 counties and 7 technology-specified hubs in the UK.
CEO & Founder, Fraser Matcham said:
“I am so pleased to have joined such a well-regarded accelerator programme in Edinburgh after successfully launching our MVP in late-2019.
The programme provides the means for us to fully participate and the opportunity to turbo-charge our business with access to capital, expertise, networks, offices, and a potentially huge customer-base to scale our subscription service.
Additionally, our presence in Edinburgh will streamline our expansion plans by helping us develop links in Scotland to deliver access to Scots law for the people of Scotland."
Notes to editors:
You can find more information about Wayra here.