500 Startups is trying to promote Latino firms with its ‘Somos Lucha’ program

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

Develop Your Enterprise,
Not Your Inbox

Keep knowledgeable and be a part of our day by day publication now!

4 min learn

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

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

10 startups can have the chance to reside the Somos Lucha expertise, a program that seeks so as to add worth in a personalised 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 changing into the very best companions early-stage founders can have.

Picture: Courtesy of 500 Startups.

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

Stage 1: Preparation interval from Might 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 can even begin answering them with the choice to save lots of and edit as many instances 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 probably be enabled on the identical website. If you happen to ready your software upfront it is possible for you to to use within the first time period, you’ll solely need to log in to your account and click on on the “apply” button. 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 somewhat slower relying on the amount of contributors. If you happen to apply through the second time period, you run the chance that the ten locations accessible for this system will probably be crammed.

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

This era was referred to as “late purposes” and now it can solely be accessible in case the funding fund doesn’t deliver collectively the ten firms. That’s the reason it is vital that you don’t depart your registration final.

Firms will probably be evaluated within the order wherein 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 firms. Which means when you 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 firms from totally different nations resembling Chile, Mexico, Argentina, Colombia and Peru. Among the many most profitable firms wherein it has invested are Konfío, Conekta, Justo, 99 minutos, Platzi and Ayenda.

Supply hyperlink

Leave a Reply

Your email address will not be published. Required fields are marked *