Startup accelerator Wayra invests in Conntac
(f.l.t.r. Prof. Dr. Rolf Winter, Benjamin Wöhrl, Dr. Michael Faath, Christoph Keller)
- The accelerator Wayra, a subsidiary company of Telefónica, is investing a six-digit sum in the German startup Conntac
- Conntac is conducting a pilot project for a self service app with a large German Internet provider
After receiving a prize in the Digital Innovations Start-up Competition at the CeBIT in Hannover, Germany, Conntac can celebrate their next success: the startup accelerator Wayra, a subsidiary company of Telefónica, has vetted Conntac during an intense four-week pre-acceleration period and assessed them positively. The team from Augsburg, Germany, has been accepted into the nine-month acceleration program, which comes with a six-digit investment sum, professional support from experienced coaches, and office space in the Wayra Academy in Munich. They have already been working there since July to improve their solution and prepare their business for further growth. Christian Lindener, CEO of Wayra Germany, comments: “They are a strong team with a strong product. We want to help make Conntac a successful company which changes the global service landscape permanently.”
As their first customer, a large German Internet provider has started a pilot project with Conntac. The app helps customers with problems concerning their Internet connection by analysing the situation and providing easy-to-understand solutions. This saves the customer from having to call the hotline of the Internet provider and increases satisfaction. It is planned to release the app to the public by the end of this year.
But Conntac does not want to limit this self service solution to Internet providers. “It is our vision to enable all people to solve complex processes by themselves”, says Benjamin Wöhrl, CMO of Conntac. “Even a Space Shuttle can be fixed by laymen if the instructions are only clear and easy enough.” For this reason, Conntac is looking for other Investors in the next months to expand their solution to other markets. “We want to free the world from cost-intensive and cumbersome processes.”
Conntac Team (Copyright Conntac GmbH, f.l.t.r Prof. Dr. Rolf Winter, Benjamin Wöhrl, Dr. Michael Faath, Christoph Keller)
Conntac Logo (Copyright Conntac GmbH)
Conntac Logo EPS (Copyright Conntac GmbH)
Wayra Logo (Copyright Wayra)
Contact information for the press
Dr. Michael Faath
Telefon 0049 821 90780963
The German IT-Startup will revolutionize the support process at telecommunication companies. Their app-based software measures data in combination with an intelligent dialog to provide guidance for customers in case of trouble with their Internet access. Conntac was supported by the EXIST business start-up grant of the Federal Ministry for Economic Affairs and Energy and the European Social Fund and was awarded in the Digital Innovations Start-up Competition at CeBIT 2017.
About Wayra Deutschland
Wayra, the start-up track from Telefónica, promotes growing, innovative start-up teams and technology companies, particularly from the fields of Internet of Things, data analytics, cyber security and artificial intelligence (AI).
Wayra Deutschland, located in the center of Munich, is offering funding and training, working space and events as well as direct access to Telefónica as a potential customer or partner.
The Munich hub has an impressive track record in advancing 38 start-ups to date. In 2017 alone, the AI solutions start-up Neokami was sold to relayr; Munich-based AI start-up ebot-7 was able to implement its solution for one of Europe’s biggest telecommunications companies; and Automotive supplier Continental took over the Wayra start-up Parkpocket.
Wayra is a global initiative with presence in ten countries including locations in Madrid, Barcelona, London and Santiago de Chile.