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The selected companies not only will receive
Historically, the companies that have gone through our program, in just these 16 weeks manage to growRené Lomelí, Operations Director Latam
theirsales 3 or 4 times.
The founders will have to fly to Mexico City and stay there for 4-months, in order to receive this training, which includes subjects such as legal framework, product development, marketing and sales, corporate culture and fundraising.
Weekly meetings and 500 Strong – an entire founder community – is what awaits these hardworking entrepreneurs.
Straight forward. The fund invest USD $60k for 10% of the business through a convertible vehicle, called KISS. No, it is not a joke.
Although founders are free to use the funds as they please, the program has a cost of US $12.5k, therefore in net terms, they have USD $47.5k free to deploy.
There are only three requisites:
1. Being constituted as a Mexican SAPI or US Delaware C corp.
2. Having a vesting scheme in place.
3. Founders must give in all intellectual property rights to the company.
If you’re not constituted yet, you can still apply and get that process done later on.
Important Dates To Be Aware Of
The application window opened Monday the 7th and closes the 3th of February.
Interviews with potential candidates start the 4th of
The batch officially starts on April and concludes as a Demo Day on July.
You can learn more and apply to the program here.
Good luck to all candidates out there!