Wayra UK, a subsidiary of telecommunications firm Telefónica, has joined University of Edinburgh to form a UK-based artificial intelligence (AI) and blockchain accelerator.

The Edinburgh initiative will be Wayra’s first in Scotland and will receive assistance from state-owned economic development agency Scottish Enterprise. It will be open to spinouts and startups, and will accept 20 local businesses a year from September 2018.

Founded in 2012, Wayra UK currently consists of five accelerators training approximately 50 portfolio companies per year. Participants…

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