Mexico City, March 11th, 2021: MassChallenge Mexico has launched its Application Season for their 2021 Acceleration Program. During a virtual Launch Event, attendees and those interested in applying had the opportunity to hear experiences, anecdotes and information about the program from Alumni, Partners and the team of MassChallenge Mexico. This will be the 6th batch of startups that will be accelerated by MassChallenge Mexico. The applications will be open from March 11th 2021, to April 28th, 2021.
Those interested can learn more about the program, and how to apply here.
Our accelerator program offers:
- Constant support for 4 months to the selected Startups.
- Identify specific problems and receive advice in key areas such as product development, sales, legal advice, or fundraising.
- This year the program plans to be a hybrid, starting virtual, and progressing through the year, hoping to return to the office and in person at some point in 2021.
Throughout the program, the selected startups will be able to work in different collaboration spaces, as well as receive mentoring by specialists from different industries who present business solutions to the problems that are identified after a diagnosis.
In words of Camila Lecaros, Managing Director from MassChallenge México: “Last year we never imagined that we were going to have to convert our program to a completely virtual one, but this has helped us to achieve sectors and goals that we had not imagined before, so this year we’re more than excited to work and offer the 1000% to help the entrepreneurs win”.
Amy Strack, Director of New Digital Busines and Innovation, from Universal Music Group (one of our newest partners), share that at UMG, everyone is really excited to be part of MassChallenge starting this year. They’re eager to meet the participating Startups and be able to collaborate with them to reach their full potential.
Interested Startups, must fill out the online form available on the official website: www.masschallenge.org The call will remain open from now until April 28, 2021.
Reedem the code MCMX21STAFFMCMX100 so you have 100% off on the cost of your application.
Get to know more of the program here!
What does MassChallenge look for in a startup?
MassChallenge looks for high- impact startups, with a viable path to impact and some traction or progress in their plans.
Do you finance companies that are competitive with each other?
MassChallenge is an industry agnostic accelerator supporting early stage startups across all industries. We rely on our community of expert judges to select the solutions with the highest potential, regardless of whether startups compete directly or indirectly with each other.
Do I have to be at the MassChallenge location for the entire 4-month period?
MassChallenge does not require startups to work full time outside of their offices. Whether in person or virtual, it is highly recommended given the rigorous scheduling, active mentoring, and encounters that often occur in space. (Note: In 2021, we will remain virtual until we can ensure the safety of the entire community, at which point we will consider hybrid opportunities.)
Will the 2021 accelerator be virtual?
MassChallenge plans to have an acceleration and competition program this year in a virtual experience, until world events set it up. If we can and feel comfortable meeting in groups later in the year, we are prepared to explore a hybrid option and will keep the virtual option for those who cannot or do not feel comfortable being in person.
How do companies are accepted in the program?
Acceptance is determined by our diverse community of expert judges who have been recruited and trained to identify the highest-impact startups across industries.
Do I need to submit a business plan?
While a formal business plan is not required to implement, many elements will be incorporated into the application, including the problem, the solution, and the impact to your business. If the startup advances to more rounds of evaluation, its slide deck will be required to present its 20-minute pitch.
- The application and evaluation process will be conducted in ENGLISH, so our experts in the global community will be able to provide feedback on your application.
- For Round 1 (it is important to attach a video that could have English subtitles) and for Round 2 the 10-minute pitch will be presented in English.
- The discount code must be used BEFORE starting the application process. We cannot refund paid applications.
- The Round 2 evaluation will be a remote activity coordinated by MassChallenge Mexico. Dates are June 3rd – 5th.
- Our program only works with 30 – 40 startups to ensure the personalized acceleration process. Consider that only 5% of applicants enter the program. Plus, throughout the process, you’ll get feedback from our community of experts to help you better understand how to keep improving your business.
MassChallenge is the global network for innovators. Headquartered in the United States with seven locations worldwide, MassChallenge equips bold entrepreneurs to disrupt the status quo and to create meaningful change. Since launching in 2009, more than 2,400 MassChallenge alumni have raised more than $6.2B in funding, generated more than $3B in revenue, and created more than 157,000 total jobs.
Learn more about at masschallenge.org.
About MassChallenge México
Since 2016, MassChallenge Mexico has accelerated more than 160 high-impact startups. This would not have been possible without a solid network of professionals who trust in the potential of those who make up the entrepreneurial ecosystem of our country. Just last year we had more than 600 applications from around the globe and 37 startups selected for the acceleration process. This effort was joined by the support of our experts and partners from different industries. Last year our investment by funds reach over 100k USD by the end of the program.
Meet our Partners
Check out or 2020 Impact Report here!