Telefonica has launched a EUR300 million network of venture capital funds to finance up-and-coming technology companies. Amerigo will allow investors and industrial partners to “lay the foundations to create a global network of innovation that drives businesses and new digital services around the world,” with a particular focus on Latin America. Amerigo is part of Telefonica's Think Big initiative which also includes the Wayra Academy programme and Talentum summer job and apprenticeship scheme.