EmprendeLatino and Cultivating Coders Launch Historic Tech Accelerator and Coding Bootcamp in Albuquerque

FOR IMMEDIATE RELEASE

Friday, September 6, 2019

Contact:

Rachael Maestas, EmprendeLatino

(505) 226-1438

EmprendeLatino and Cultivating Coders Launch Historic Tech Accelerator and Coding Bootcamp in Albuquerque

Eight tech companies & 20 Coders join inaugural cohort

ALBUQUERQUE, N.M.—Albuquerque is now home to a new tech startup accelerator focused on Latinx/Hispanic tech startups. EmprendeLatino kicked off its inaugural cohort, the first of six set to launch across the US, on September 6, 2019 with City leaders, community partners, and the startups accepted to participate in the 12-week program.

EmprendeLatino is a first of its kind accelerator created by Perpetua Partners, the premier global venture capital firm investing exclusively in Latinx technology startups. EmprendeLatino is the first investment fund-backed tech accelerator committed to developing the next generation of tech entrepreneurs led by the fastest-growing and most entrepreneurial demographic in the US – Latinx and Hispanics. Over the next five years, EmprendeLatino will graduate up to 200 companies, creating up to 2,000 jobs with an average salary per tech worker of $98,000. Perpetua Partners will invest $20 million dollars into EmprendeLatino graduates over the next five years.  

“This is historic – never before has a venture capital fund launched an accelerator and committed capital for Latinx and Hispanic founders,” said Steven Lucero, co-founding partner of Perpetua Partners, owner of EmprendeLatino. “Albuquerque and New Mexico continue to lead the USA in innovation and entrepreneurship as home to three research labs and Spaceport America, as well as producing the first traders, entrepreneurs and international trade route, the Camino Real, in North America.”

EmprendeLatino partners and contributors include Cultivating Coders, the City of Albuquerque, Albuquerque Hispano Chamber of Commerce, Agenda.Global, BBVA, UNM Innovation Academy, Contract Associates, and Explora.

The startups will work and learn at our downtown headquarters located at 1015 Tijeras Ave NW. The space will be shared with the Cultivating Coders’ 20thCoding Bootcamp. It will be the first time a tech accelerator is directly collaborating with a coding bootcamp.

“Being in a space where entrepreneurs and techies can hang out, collaborate and share ideas is a win/win for both cohorts. It’s these collisions that’ll benefit our community,” said Charles Ashley III, Founder/CEO Cultivating Coders

The accelerator accepted applications from 11 countries and nine US states, ultimately accepting nine teams to participate in the accelerator. Teams hail from Spain, Chile, Arizona, Pennsylvania, and Albuquerque, the largest single source.

“Years of ideation, iteration and collaboration have gone into building our program to disrupt venture capital,” said Lucrece Borrego, Executive Director of EmprendeLatino. “We’re unique because we’re connected by culture – EmprendeLatino was created for Latinx entrepreneurs by Latinx entrepreneurs. Our startups have some amazing ideas and products that solve real-world problems.” 

Every graduating company will be ready to receive a $100,000 investment from Perpetua Partners and use it to scale their business. Upon completion of the program, they will have developed their MVP (minimum viable product), discovered product-market fit, created a go-to-market strategy, and learned about company building, strategy and fundraising. The companies will learn from a comprehensive and innovative curriculum based on extensive research and collaboration that prepares startups to scale and receive venture capital funding.

In addition, teams will receive coaching from our network of local mentors, instructors, and experienced founders, all experts in their field, ready to guide, push and empower startups at every step. Co-working in tandem with Cultivating Coders’ coding bootcamp ensures that every cohort team emerges with meaningful relationships across the community.

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About the EmprendeLatino teams:

Nine Latinx-founded tech startups were accepted to participate in the 12-week accelerator. Please note: Because of the varied phases of the development of some startups, some names are tentative.

Kleverly, Albuquerque, NM, USA 

Kleverly is a beauty device startup

Soto, Albuquerque, NM, USA

Soto Products is reinventing the way people renovate their homes

Healthchain, Santiago, Chile

Healthchain is a decentralized network for seamless exchange of data in healthcare.

MiFood Robot, Madrid, Spain

MiFood is a company that provides automation and robotization services to restaurants.

Unividoc, Tucson, AZ, USA

Unividoc is a telehealth marketplace for Hispanics to see doctors all over the world that speak their culture.

Kwema, Erie, PA, USA

Kwema connects people in physical danger with immediate help using discreet safety wearables that integrate to a security protocol.

Champria, Albuquerque, NM, USA

Zeke’s startup is a web platform dedicated to connecting gamers to form casual, high school, college, and professional esports teams through data analysis. 

Schola, Phoenix, AZ, US

Schola helps families find and enroll in the ideal PreK-12 schools (public and private)

Cric/Costa Rica Insect Company, San José Province, San José, Costa Rica

Cric creates healthy and sustainable solutions for food industry using insects to create raw materials and provide the best alternate protein source. 

 

About Perpetua Partners

Perpetua Partners is the premier venture capital firm investing exclusively–Latinx and Hispanic-led tech startups. With over 80+ years of combined industry experience, Perpetua Partners have launched 16 startups, raised ~$3 million for owned companies and invested a total of $159 million in 34 companies with 19 exits to date. Perpetua Partners understands the need for instructor and mentor-led curriculum targeting the Latinx/Hispanic community, combined with the capital needed for the startups to scale. EmprendeLatino is a key component of the investment thesis of Perpetua Partners.

Leslie Shioshita