Business

Google teams up with IDB to accelerate women-led startups in Latin America and the Caribbean

LAC Women Founders Accelerator looks for startups with a strong scientific/technological component and a highly scalable business model

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  • Google partners IDB Lab to unleash the growth opportunities of women entrepreneurs in STEM (science, technology, engineering and mathematics);
  • 20 startups will be selected for mentoring sessions, workshops and sessions focused on product design, customer acquisition, and leadership skills for women founders;
  • Applications will be accepted until September 12th.

Google and Inter-American Development Bank’s innovation laboratory, IDB Lab, are teaming up to launch an acceleration program for STEM startups led by women in Latin America and the Caribbean. LAC Women Founders Accelerator is an acceleration program – 100% online – focused on technology or science-based startups.

The program will select 20 women-led startups from Latin America and the Caribbean. The initiative is also run by mexican entrepreneurship hub Centraal.

READ ALSO: After five years in Brazil, Google for Startups has 265 high-growth companies in its local network

“We are excited to extend the reach of Google for Startups Accelerator through this collaboration with IDB Lab and Centraal. Strengthening diversity in entrepreneurship is part of our mission and carrying out this program in Latin America will allow us to support women who are creating companies addressing the great challenges of our region”, said Francisco Solsona, Lead of Google Developers LATAM, in a press release.

How to apply

Applications wil be accepted through IDB Lab’s platform WeXchange until September 12th, 2021. Selected startups must have a woman on the founding team or in a leadership position in the company (C-Suite).

LAC Women Founders Accelerator aims for scalable business models at a regional/global level, so applicants must have raised capital from any source (or actively working on raising capital) and also prove business traction in the form of investment received, revenue, customer growth, etc.

READ ALSO: Latin America’s new unicorn: Ualá raises $350 million from SoftBank and Tencent

“IDB Lab’s strong commitment to gender diversity and inclusion in the entrepreneurial ecosystem is one of the cornerstones of the IDB Group’s Vision 2025, with which we seek to drive recovery and inclusive growth in Latin America and the Caribbean. This unprecedented alliance between WeXchange, Google, and Centraal will allow us to provide relevant tools to women entrepreneurs in STEM who are developing innovative solutions to solve great challenges, thus contributing to the probability of success of their startups and the development of the region,” said Irene Arias, CEO of IDB Lab, in a statement distributed to the press.

The program lasts ten weeks and will be 100% digital with a high degree of customization and includes workshops on technology, digital marketing, leadership, entrepreneurial culture, and capital raising. The entrepreneurs will also have one-on-one mentoring sessions with investors and experts from Google, WeXchange/IDB Lab, and Centraal’s networks.

For more information: https://wexchange.co/en/2021-2/

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