Nov 26, 2012

Start-ups Movement in Mexico

Mexico is currently showing a strong interest in start-ups. So far this year, there have been 17 start-up weekend events in the country, with 13 more planned for November and December.
There were only seven start-up weekends in 2011 and just one the year before, when the phenomenon first reached the country.
At the same time, a number of venture capital funds have been making their presence felt in Mexico, including Mexican VC, Alta Ventures and Angel Ventures Mexico.
Cesar Salazar, a serial entrepreneur, founded Mexican VC in April 2011 as a way of funding and mentoring Mexican start-ups, after experiencing frustration in finding seed funding for his own ventures.
It offers fledgling businesses $25,000 (£15,600) in cash and $30,000 in services. It has invested in 16 companies over the past 18 months after receiving 300 applications, and was recently acquired by the Californian seed fund 500 Start-ups.
Read more here.
HT: Fernando Franco. 

No comments:

Post a Comment