HOTB Software Solutions
HOTB is a highly experienced software development company that provides in-kind angel capital to startup entrepreneurs with a viable technology based business. HOTB helps startups bridge the gap between their friends and family round and their venture capital round by subsidizing expensive technology needs. HOTB specializes in building custom software platforms to provide certainty of execution, experience, credibility, security and compliance. Additionally, HOTB Ventures has been formed for instances of passive investment when software development is not needed.

Manatt
Manatt, Phelps & Phillips, LLP is known for quality, for extraordinary commitment to clients, for integrated, relationship-based services, and for a range of capabilities typically found only in boutique firms. We are progressive and entrepreneurial compared to other major firms, and we are deeply committed to diversity, to public service, to involvement in the communities we serve and to excellence in all we do.

TriNet
Tech companies partner with TriNet Passport to compete for top talent by using our bundled HR products that cover the core services of payroll, fortune 100 benefits, risk and compliance, a scalable HR team all on a cloud platform. TriNet reduces the time businesses spend managing HR and administrative issues while providing enterprise-grade cloud capabilities. This enables entrepreneurs and management to focus on what’s important from raising funds to driving revenue. Join hundreds of executives in high tech who have experienced the TriNet Passport difference, working for companies in hardware, software, SaaS and telecommunications. Contact choy.chew@trinet.com for more information.

Eureka
The Eureka Building is a 3-acre technology campus in Irvine, California designed to help accelerate innovation. Founded in 2014 by Peter Polydor, our goal is to support local entrepreneurship by giving innovative companies and entrepreneurs in Orange County a home that is centrally located and easy to access. Through partnerships we are more than just a home, but are a support network hosting startup events while fostering mentorship relationships with our partners all within one of the most creative spaces in the region.

CrashLabs
CRASHLABS IS A VIBRANT COWORKING AND EVENTS COMMUNITY THAT ENHANCES WORK/LIFE BALANCE FOR THE NEW ECONOMY OF UNTETHERED WORKERS. CRASHLABS OFFERS CREATIVE AND FLEXIBLE SPACES SUCH AS OPEN DESKS, DEDICATED DESKS, PRIVATE OFFICES, AND EVENTS SPACE THAT SERVE EVERYONE FROM THE INDIVIDUAL TO CORPORATIONS.

Real Office Centers
At ROC you’ll find a cohesive and progressive working environment with professional support for entrepreneurs, innovators, and today’s leaders. Beyond merely providing the physical workspace, we contribute to your capital growth by facilitating innovation, inspiration, and collaboration. With professional support services, educational events, and a stimulating environment, ROC is where you and your company will grow. Our open-source work environment and friendly staff complete with private receptionists keep business running smoothly. ROC handles day-to-day operations and facility management so your company can focus on what it does best.

Colombia FI Grads Remain Top Candidates For Latin American Investors

Posted by Alan Colmenares on 2012-11-23

As I've written previously, my view is that countries such as Brazil, Argentina, Chile, and Mexico are farther along in developing their startup ecosystem as measured by a number of metrics (number of high growth startups founded, number of multimillion dollar investment rounds, etc.). This was clear a couple of years back, when Adeo Ressi agreed to open a Colombia chapter of the Founder Institute. As I stated back then, the potential impact that a pre-idea incubator from Silicon Valley could have in Colombia was that much greater. One specific result is that an increasing number of later stage incubators and government initiatives are selecting more and more Founder Institute Colombia grads to fund and/or mentor.

A couple of days ago, a government initiative called Innpulsa selected the first two digital startups to receive over USD $150k in government grants and both of these are Founder Institute Colombia grads. The companies are Androsocial, a site for automating the digital marketing campaigns with market influencers in Latin America.  Also selected was La Bonoteca from the chapter in Medellin (sponsored by Ruta N); a mobile app that sends coupons from local businesses for a fixed listing fee. The companies were selected with the help of a panel of veterans from the startup ecosystem. More in-country startups are sure to follow, but it is quite encouraging to see that two Founder Institute grads have kicked of the digital portion of this government initiative.

In the case of Androsocial, the company has already approved 455 market influencers with a reach of over 650k people in six countries throughout Latin America. La Bonoteca has launched their iPhone app with more than 1600 downloads and more than 80 local establishments testing out the service.

Within Latin America, Colombia is still behind countries such as Brazil, Argentina, and Chile in terms of developing a vibrant startup ecosystem. Indeed, the recent Startup Genome report on top startup ecosystems included Sao Paulo, Brazil (#13) and Santiago, Chile (#20) among the top 20. The latter country boasts a President with a highly visible commitment to fomenting startup growth. Two years ago, the environment for new startups was even more dire.

Although there were and are some startups in the country (some of these, such as VivaReal, Zio Studios, ProcessMaker and VoiceBunny are truly world-class), I saw a void in terms of guidance/mentoring for new entrepreneurs developing their ideas for new startups. That is why I felt so strongly that the Founder Institute, a pre-idea incubator could have a tremendous impact on the country and, fortunately, Adeo Ressi felt the same way (it would have been easy to choose to launch his Latin American expansion in Brazil, for instance).

Two years later, after some amazing support from knowledgeable, experienced, and passionate local mentors, international mentors, and strong allies such as Ruta N and CO Internet, Founder Institute grads are among the top candidates for investment from accelerators such as Wayra (also started two years ago and creating a big impact) and funding from sources such as Innpulsa. Nonetheless, the impact extends further as Founder Institute participants and grads are key players and, often leaders in helping move forward the Colombian startup ecosystem.

As I mentioned above, Colombia has a long ways to go and more and more government agencies and private initatives are popping up to help it along.  Nonetheless, I'm grateful to the Founder Institute and Adeo Ressi for investing at such an early stage in an ecosystem that counted only a handful of promoters who saw a ton of potential.  I'm confident that we are only beginning to see the true measure of the impact that a pre-idea incubator such as the Founder Institute can have in an emerging market such as Colombia.

Colombia FI Grads Remain Top Candidates For Latin American Investors

* indicates required
X

Feedback Form

We welcome your feedback to improve the Institute. Please contact us using the form below, and we will get back to you promptly.
Your Email Address:
Message to the Institute:
What is ? (enter the answer below):
Close Window