2016 Latin America Startup Ecosystem

We launched 3 pilot accelerators this year and will offer 4 more accelerators across Europe, Asia, Africa, and America in 2017. This is the summary report for the Latin America Startup Ecosystem.


In an effort to increase exposure of Middle East startups to global investors and resources, Middle East Startups announced the launch of the first digital accelerator for the region. The accelerator program begins with a full startup development boot camp covering ideation, product development, marketing, customer acquisition and funding. The boot camp is followed by workshop keynotes from Lean Launchpad, Forbes list entrepreneurs, and key investors. The program concludes with a demo day where the top ten companies pitch in front of judges from across the region for top prizes.“The future is digital, so startup ecosystems in emerging markets need to take advantage of that with programs like this one” says Christine Souffrant Ntim, “we launched digital accelerators for entrepreneurs of the Middle East and the diaspora to close the resource gap and diversify global startup success stories”.The pilot accelerator program on December 17-18, 2016 accepted 100 startups.Here is a review of the program.
  • Check out the 100+ companies selected for the 2016 Batch.
  • Check out the top 10 companies selected for 2016 Demo Night.
  • Check out the top 3 companies selected as winners of the 2016 Accelerator.
  • Slide show presentation of the program is available here.
  • Check out the 2016 Review Report 
  • Apply to the 2017 Digital Accelerator.
  • Join the global network here.
The Applicant Pool: 
Over 61% of the companies were founded within the past two years. Industries represented included,  e-commerce, education, social apps, transportation, communications and travel. Founders came from over 11+ different countries with the top 3 represented were Chile, Peru and Mexico. 
In seeing the great resources provided within the region, Latin America Startups surveyed the applicant pool to determine the top needs and interests pertaining to startup development. As expected funding and customer acquisition was the most requested topic for mentorship. Since we customize programming based on applicant needs, we provided a multiplicity of speakers, content, and resources around those two topics.
Program Review: Day one of the accelerator was 3+ hours of jam packed content.Christine Souffrant Ntim kicked it off with a 2-hour business boot camp covering all stages of startup development. Day two was filled with rapid fire keynote sessions on entrepreneurship and business development. Here is the agenda: 
December 5, 2016, Monday

  • 7pm-7:15: Orientation
  • 7:15-7:30: How to Launch a Company in 24 hours
  • 7:30-7:45: How to Ideate, Beta Test, & Pitch
  • 7:45-8:00: How to Build an MVP in 30 Days
  • 8:00-8:15: How to Market Your Product in 30 Days (Custome Acquisition-Growth Hacking)
  • 8:15-8:30: How to Raise $250k in free prizes, grants, and partnerships
  • 8:30-9:00: Entrepreneurship Keynote Series
  • Keynote: Artur: Founder and CEO of Adopets and Mentor Manager at MassChallenge
  • Keynote: Carla Muttoni Pino: Co-founder and Business Strategy Director of Slant
  • 9:00-9:30 Q/A

December 6, 2016, Tuesday

  • 7pm-7:15 Review and remarks
  • 7:15-8:00 Ecosystem Leaders Keynote Series 
  • Keynote: Angie Carrillo (Building startup ecosystems in Latin America)
  • Keynote: Kerstin Karu (Forbes30Under30+ Lean LaunchPad)
  • Keynote: Maite (Girls in Tech Chile)
  • Keynote: Juliane Butty (SeedStars)
  • Keynote: Thiane Loureiro (Corporate Communications and CSR Director for Latin America at CA Technologies- Brazil)
  • 8:00-9:00 Online Pitch Demo Day w/ Startup Judges
  • 9:00-9:30 Q/A with the judges
  • 9:30-10:00 Final closings, offers, and announcements

The intense nature of the business boot camp is to provide tactics, strategies and top learnings around building a company while leveraging free resources. From Y-Combinator’s free 10 week online program to raising millions with database searches to coding an MVP – the program covered many areas.On both days we had exeptional keynote presentations.

The keynote series was then followed up with a 1-hour pitch demo of the top 10 companies selected from the program. Each company had 1 minute to pitch their company with slide show presentations and receive q/a from our guest judges (representing SeedStars, Singularity, and ASEP). It was a tough competition but the top three winners are CommunidadFeliz, Ifurniture and Lecto Geeks. The popular vote was won by enjoy market.

About: Latin America Startups is the home of the Latin American startup ecosystem hosting digital events, boot camps, accelerators and startup expos for the region. It is a subsidiary of Global Startup Ecosystem, which provides digital programs for startup ecosystems in Africa, Asia, Caribbean, Middle East, Europe, and Latin America. LatinAmericaStartups is the first ever digital accelerator of the region, selecting 100 companies every year. Please apply to the 2017 cohort now. 

 

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