Narayan AmmachchiSilicon Valley-based capital venture fund and business accelerator 500 Startups has chosen 11 Latin American entrepreneurs for the 10th round of its mentorship program currently underway in Mexico City.
Six of the 11 startups are Mexico-based, and there are two enterprises each from Chile and Colombia, with one Argentine company also earning a seat in the acceleration program.
Among them are Apphive, a Mexican enterprise that offers a platform that even people without the knowledge of coding can use to develop mobile apps, and Argentina’s Slik, which helps business owners measure workplace climate and the commitment of employees.
Founders of Mexico’s Baubap, which offers to help for loans without the need for documents or undue paperwork, and e-commerce platform AddShop are also undergoing training.
The 16-week intensive program will help young entrepreneurs master the common but essential features of their business, such as legal issues, product development, sales, culture, fundraising, and more.
The chosen startups will receive assistance from the 500 Startups team, investors, and more than 15 international mentors that will be visiting throughout the four-month program.
Each startup selected for mentorship will receive an investment of US$60,000.
The program began on April 22 in Mexico City, where 500 Startups built an office in 2016 specifically for the mentorship program.
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