Mexico’s Yaxi, Colombian software vendor SIIGO and Brazil’s Impacto Protensao are among the 26 new startups selected by the business incubator Endeavor in the latest round of its enterprise mentoring program.
New York-based Endeavor, which now supports 844 entrepreneurs worldwide, links up small and midsize businesses with seasoned entrepreneurs so that they can get the advice and contacts they need to grow their companies into bigger businesses. These entrepreneurs created more than 200,000 jobs in 2011.
Ten of the 26 startups selected this year are from LATAM. Among them are Vanesa Duran Joyas, which sells jewelry to middle and lower income consumers in Argentina, and Brazil’s online retailer, Bebê Store. Another Brazilian firm that joined Endeavor is Impacto, which develops reusable, sustainable construction products using an innovative technique called “post-tensioning.”
The list also includes Chile’s International Quality Systems and Prodalysa, which employs special technology to extract a 100% natural sugar alternative from stevia plants. Meanwhile, the Mexican start-ups joining Endeavor include Clínicas del Azúcar, Parquimóvil, Barared, Grupo Archipielago and iPhone app maker Yaxi.
According to an Endeavor press release, the entrepreneurs were chosen at a panel held from October 7 – 9 at the Stanford Graduate School of Business in Palo Alto. “It’s gratifying to bring some of the entrepreneurial magic we have discovered in those regions back to the Silicon Valley for a special sort of mash up,” said Endeavor co-founder and CEO Linda Rottenberg.