"We had some new class companies in Mexico participating in the MassChallenge program in Boston and we know the enormous potential that exists there," said founder and CEO John Harthorne MassChallenge. "MassChallenge recognizes the talent, innovation and creativity in Mexico and Latin America, which is great for a new program to accelerate. We are excited to move forward with plans to establish a comprehensive program in the region."
The MassChallenge accelerator program in Mexico would MassChallenge model supporting high quality without the risk of capital contribution. The next step will be to determine the exact location and format of the program. The choice of Mexico as the next planned location was suggested in part by the strong association with Reto Zapopan started in 2012. Since 2014, eight new Mexican companies have participated as finalists in MassChallenge Boston.
The annual acceleration programs in Boston and London MassChallenge support large cohorts of new firms (128 in Boston, 90 in London) from anywhere in the world, in any industry. Employers receive tutoring, office space, education, access to an extensive network and other resources for four months of acceleration. At the conclusion of the programs, MassChallenge awards over $ 2 million without any risk of capital for new companies that demonstrate high impact and high potential.
Among the major sponsors who fund the planning stages of MassChallenge of Mexico are: INADEM, Gentera, Aeromexico, Social Promoter, and the government of Mexico City.
"The launch of MassChallenge in Mexico is an opportunity to feed the enthusiasm for entrepreneurship. The model without risk of capital MassChallenge it offers entrepreneurs access to critical resources without having to give up the property in the early stages of development of a business, "Harthorne said.
Mexico was selected based on the strength and enthusiasm of the innovation ecosystem, their potential to contribute further to the existing global network of entrepreneurs MassChallenge, the sphere of influence and potential to support the next stages of the expansion of MassChallenge. To receive updates on the activities of MassChallenge in Mexico, you can subscribe here .
Additional quotes from partners MassChallenge:
"MassChallenge of Mexico will have a strong impact on the ecosystem of Mexican entrepreneurs, injecting a global perspective and building international connections for our entrepreneurs. We are proud to support MassChallenge since launching their first Latin American center in Mexico. "
- Enrique Jacob Rocha, President, National Institute of Entrepreneurship (INADEM), Federal Government of Mexico
"The City of Mexico is about to become the first and best world center for entrepreneurship in Latin America. By partnering with MassChallenge, we are taking a big step forward in this endeavor and creating great opportunities for our entrepreneurs and our community ".
- Solomon Chertorivski, Secretary of Economic Development, Government of Mexico City
"Gentera is dedicated to the inclusion and financial innovation since its inception. We are proud to partner with MassChallenge in Mexico to expand financial inclusion, enhance high-impact entrepreneurs in this space and bring innovative solutions to the base of the pyramid" .
- Javier Fernandez Cueto, CEO of new businesses and innovation, Gentera
"In AeroMexico, the global airline of Mexico, we are very pleased to partner with innovators and entrepreneurs looking to revolutionize the industry and change the world. We are confident that MassChallenge, along with the recent start of operations of Aeromexico between Boston and City Mexico, infuse entrepreneurship greatly to the community of Mexico and Latin America with new energy and momentum. "
- Andres Conesa, CEO, Aeromexico
"The possibility of disruptive innovative social entrepreneurs advance the social and economic development in Mexico is huge. Together with MassChallenge, we are very excited to offer these businesses the resources they need to succeed improving the quality of life of people most vulnerable and disadvantaged. "
- Juan Carlos Domenzain, CEO, Promotora Social Mexico
MassChallenge directs accelerators designed to catalyze a global revival connecting startups great impact with the resources they need to start and succeed. Anyone can apply MassChallenge with any new company in its initial stage, in any industry, anywhere in the world. It MassChallenge not require capital or imposes restrictions on new businesses it supports.
With programs in Boston, Israel and the UK, MassChallenge provides entrepreneurs mentoring, office space, training, access to an extensive network and other resources for four months of acceleration. MassChallenge awards over $ 2 million in non-dilutive grants to new businesses that demonstrate high impact and potential. A nonprofit organization, MassChallenge is funded by business partners, and public foundations. To date, 617 alumni MassChallenge has raised over 947 million dollars in funding, has generated $ 485 million in revenue and created 5105 jobs. For more information visit: http://www.masschallenge.org
Among the best partners MassChallenge Boston are: Fidelity Investments, Verizon, Microsoft, Bose, IBM, the Richard and Susan Smith Family Foundation, CASIS, the Commonwealth of Massachusetts, The Deshpande Foundation, Jamestown, The Boston Foundation, Combined Jewish Philanthropies of Greater Boston, Bler, American Airlines, Boehringer Ingelheim, EMC, Henkel, iNNpulsa Colombia, Zapopan, Pfizer, Smith & Nephew, Turnstone, WGBH Boston, John Hancock, and Honda.
Sponsors of MADE @ MassChallenge are: Jabil, Lightspeed MFG, MassDevelopment, Analog Devices, Arrow, and Autodesk.
Among the best MassChallenge UK partners are: NatWest, Unilever, Visa Europe Collab, Satellite Application Catapult, Digital Catapult, Hult International Business School, Tech City UK, EMC, The Manchester Growth Company, GCHQ, ViiV, UK Business Angels Association, IBM , Mailjet, Angels Den, Media City UK, The Landing, Fried Frank Technology, Taylor Wessing, The BIG Partnership, Red Lorry Yellow Lorry, The Collective, Crowdcube and Tobacco Dock.
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