500 Startups experience in Uruguay
500 Startups is a venture capital firm targeted to find entrepreneurs from all over the world empowering their companies and their own capabilities in order to achieve successful and game-changing solutions. They helped thousands of founders from more than 60 countries, investing hundreds of millions dollars, developing acceleration programs while mentoring and supporting founders everywhere.
In 2017, with the support of several public institutes such as ANII, ANDE, LATU and Uruguay XXI, 500 Startups developed the Montevideo Accelerator Program, a six week intensive program for 20 hand selected startups. Startups had access to 1:1 meetings with mentors from the 500 Startups global team and partners, lectures from the members of the 500 team and had the chance to become members of the community of more than xx entrepreneurs over the world. This experience** concluded with a distinguished “Demo Day” in which the 20 founders pitched for a full auditorium crowed with VCs, local authorities and businessmen from the region.
A wide range of startups were part of the experience. From eHealth solutions such as Armor Bionics, with its customized solutions for the medical industry, to Agritech companies including Rural or Chip Safer presenting their innovative tools and Poipes’ streaming services. For more information about the participants see the list below.
The experience resulted on a complete success, with both participants and mentors fulfilling their expectations. Particularly, 500 team members were taken aback with the capabilities they found in the founders and their potential.
Quoting Max Fram-Schwartz, Program Manager, “.. Each week when we had mentors come from different parts of the world, the response I heard over and over again, which is not something you always hear, is how impressed they were with the quality of the companies, the ideas, and the progress the company’s made. I think this is a great example of a small country that maybe not everyone in the worlds knows, but when you come and spend time with the entrepreneurs here, you are blown away...”.
Startups involved in the Program:
Sur 3D – 1000 Razones – ABYA – Armor Bionics – Chipsafer – Collokia – EME – Hacknoid – LARCTEST – Loog Guitars – Meitre – MobiDoc – Nettra – PayForm - Poipes – Quiena – Rural – Sagal – Unicorn Games – UXDivers - Vexels