500 Startups modifications its acceleration mannequin for startups and continues to guess on Latin American firms

Though in earlier investments, the following step after selecting the businesses was to take them to an acceleration program, now, the method can be totally different.

Develop Your Enterprise,
Not Your Inbox

Keep knowledgeable and be part of our every day e-newsletter now!


4 min learn

This text was translated from our Spanish version utilizing AI applied sciences. Errors could exist attributable to this course of.


Since 2013, the funding agency, 500 Startups , has been betting on Latin American firms, and this yr is not going to be the exception. In its first program this yr, it would profit seven firms with development potential.

With a document participation of two,107 firms from throughout Latin America in its final name in November 2020, 7 had been chosen from varied international locations and totally different industries. The chosen firms are from Mexico, Chile, Peru and the Dominican Republic.

Though in earlier investments, the following step after selecting the businesses was to take them to an acceleration program, now, the method can be totally different.

The agency will current “ Somos Lucha ” a brand new mannequin that it’s going to use to work with the founders with which it intends to “analyze every step to turn out to be one of the best companions {that a} startup can have in its first years of life”.

Now, the 16 weeks of this system can be totally different from how they had been carried out with the acceleration program, for instance, they are going to not do group content material talks. Now the method can be as follows:

  • Private recommendation with the POC ( Level of Contact ), in an effort to perceive the particular wants of startups.
  • Worldwide mentors can be accessible on demand, working in 1-1 periods.
  • Collaboration areas between founders, the place matters and periods which might be thought of vital for your complete group are recognized.

With this new technique they need to give attention to what positively impacts firms.

“After 12 batches of the acceleration program, many issues have been realized, though with every version modifications have been made, the five hundred Startups group determined that it was time for a extra radical change,” they clarify in an announcement.

Picture: Courtesy of 500 Startups.

The chosen firms this yr

The seven firms that had been chosen will obtain an funding of $ 60,000 every and can enter the brand new Somos Lucha program, the place for 4 months they are going to have a preparation aspect by aspect with 500 Startups and worldwide mentors, in a program tailored to the wants of every firm particularly, so as to have the ability to promote every of the corporate’s values and have higher enterprise fashions.

Once more this yr, all of the interplay can be completely distant, with its leaders Santiago Zavala, René Lomelí and Didier Quiroz on the head of your complete course of.

Among the many chosen firms are:

  • AlterEstate (Dominican Republic): Cloud platform that helps actual property companies to handle and promote properties.
  • Contalink (Mexico): Accounting software program within the cloud that automates and streamlines the work of accountants in Mexico.
  • Instacash (Peru): Mortgage expertise between individuals, assured by bank card strains as collateral.
  • Mubit (Mexico): Storage service with assortment and residential supply powered by an online platform.
  • Academic Portal (Chile): On-line college platform that enhances the training of its college students.
  • Shuttle Central (Mexico): Internet platform that connects native vacationer transport companies in a single place.
  • Yana (Mexico): Utility in Spanish that accompanies individuals on the trail to emotional well-being.

These investments are simply the primary of a number of that 500 Startups intend to make within the area this yr.

Source link