500 Startups is seeking to promote Latino corporations with its ‘Somos Lucha’ program

Expertise-based startups could have the chance to speed up their development and obtain an funding of 60 thousand {dollars}. Right here we inform you how one can apply.

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This text was translated from our Spanish version utilizing AI applied sciences. Errors could exist as a result of this course of.

Do you might have a tech startup? The funding fund 500 Startups is searching for corporations in Latin America with the purpose of accelerating their development and investing in them by means of its “Somos Lucha” program.

10 startups could have the chance to stay the Somos Lucha expertise, a program that seeks so as to add worth in a customized strategy to take them to the subsequent stage and put together them to acquire their subsequent funding spherical. For 4 months the founders will obtain recommendation and mentoring remotely.

The fund will make investments $ 60,000 in every of the businesses chosen in its name to assist them develop. 500 Startups are dedicated to constructing long-term relationships and turning into the most effective companions early-stage founders can have.

Picture: Courtesy of 500 Startups.

The administrators of this fund on the Latam headquarters make clear that it isn’t an acceleration program, however somewhat an accompaniment that bears the title of Somos Lucha, with a brand new idea and format targeted on assembly the particular wants of every startup. Within the name for this version there are additionally adjustments within the registration and choice course of. Right here we inform you essentially the most related issues to contemplate:

Stage 1: Preparation interval from Could 17 to June 6

It is possible for you to to enter the official web site , log in and know all of the questions of the decision. You may as well begin answering them with the choice to avoid wasting and edit as many occasions as you need throughout this era.

Stage 2: First deadline to register from June 7 to 13

From this date the button to use will likely be enabled on the identical web site. When you ready your software upfront it is possible for you to to use within the first time period, you’ll solely should log in to your account and click on on the “apply” button. If in case you have not began your registration but or haven’t completed getting ready it, you are able to do it and apply.

Stage 3: Second deadline to use from June 14 to twenty

That is much like the earlier one however with two variants. Entrepreneurs will obtain a response after making use of to the decision, and a bit of slower relying on the amount of contributors. When you apply throughout the second time period, you run the chance that the ten locations accessible for this system will likely be crammed.

Stage 4: Potential third time period to use from June 21 to 27

This era was referred to as “late functions” and now it would solely be accessible in case the funding fund doesn’t carry collectively the ten corporations. That’s the reason it is crucial that you don’t depart your registration final.

Firms will likely be evaluated within the order by which they apply. As well as, 500 Startups will make funding provides as quickly because it identifies a model that’s of curiosity to it, even when it has not completed evaluating the opposite corporations. Which means that if you happen to delay in making use of even with the deadline open, you run the chance of not reaching one of many 10 locations to take part in this system.

With this assist, the headquarters of 500 Startups in Latam has invested in additional than 200 early-stage corporations from completely different nations similar to Chile, Mexico, Argentina, Colombia and Peru. Among the many most profitable corporations by which it has invested are Konfío, Conekta, Justo, 99 minutos, Platzi and Ayenda.

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