4. âș Quiet Grassroots Revolution fueled byâŠ
âș Availability of internet and technology
âș Education
âș Federal Support and Opportunity
âș A new entrepreneurial spirit
âș An strong, easily available work force
âș Strong growth across LatAm countries
âș âNearshoreâ benefits
âș Access to global economies
âș Growing dependencies in economies
LatAm Potential
5. âș Start-up Chile
âș Encourages entrepreneurs from outside the country to bring their great new startup
ideas to Chile and base their operations there.
âș TechCrunch Disrupt San Francisco
âș 32 Buenos Aires tech startups participated in the world-renowned tech conference
âș Government Initiatives
âș President Juan Manuel Santos of Colombia announced plans to spend more than
$2 billion on communications and information technologies, $30 million of which is
earmarked for investing in technology companies.
âș Governments working with existing tech giants for support, and invested in
accelerator programs for their own tech startups.
âș US investors now backing 21212.com of Brazil and NXTP Labs of Argentina
âș So many other initiatives spurting all over LatAm
LatAm intitiativesâŠ
6. âș Miami setting itself up to support LatAm iniatives
âș Attracted 700+ multinational companies to support/work with LatAm
âș VCs and incubators quickly moving to Mexico
âș Alta Ventures, Wyra, 500 StartupsâŠ
âș Private equity and VC firms commit $7.9B to invest in LatAm across 237 deals, an
increase of 37% from previous year
âș Mexico closed 21 deals for $684 million in 2012, and increase of 50%
âș Brazil accounted for 147 deals representing $5.7 billion in investments
âș There is HUGE potential for all these markets to grow
The World Recognizes Untapped
Potential
7. âș MCSI Index â Mexico is the fastest growing nation in 2012
âș Mexicoâs growth depends on startups
âș 35 percent of Mexicoâs Gross Domestic Product (GDP) and 73 percent of the countryâs jobs are
created by small and medium sized companies (SMEs)
âș Put together Fund of Funds
âș Finnova and other funds dedicated to innovation and entrepreneurship
âș Government backed development fund dedicated to promoting the private equity and venture
capital industry in Mexico.
âș Also able to co-invest with national and international venture capital funds to fund SMEs in
Mexico.
âș Mexican government promotion of venture capital industry was the launch of a $22 million
seed capital fund by the Ministry of Economy along with Nacional Financiera.
âș Startup boom
âș Mexican startups raised $469 million dollars in 25 projects in 2011 through venture capital
âș For 2012, LAVCA estimated that VC firms invested around $1 billion in more than 30 deals.
Mexico Potential
8. âș To build a new âSilicon Valleyâ
âș To build a ecosystem with large companies, individuals, and governments
âș To build software for local communities
âș To build software with global reach
âș To become innovation centers of the world
âș To become a hub for technology growth
âș To build value across the nations
Right Place, Right TimeâŠ
9. âș Local Governments Promote GrowthâŠ
The government of Zapopan, the biggest municipality of the Guadalajara
metropolitan area, is allocating 50 million pesos ($4 million US) to a program
promoting entrepreneurship among young people.
Zapopan, which attracted $1.3 billion US in private investment in 2011, is the
most prominent municipality in Guadalajara in terms of commercial activity.
The Time is NOWâŠ
10. âș Corporate Innovation and Corporation Funded Capital Flowing to Mexico
"The timing is right and we now have the right ecosystem,"âšsaid Jose
Galvez, 37, who recently won a $70,000 grant fromâšTelefonica's in-house
incubator Wayra to fund hisâšstartup, Venddo.com, which links buyers and
sellers on socialâšmedia.
The Time is NOWâŠ
11. âș The US and Global Funds Believe in the Mexican Potential
"Within ten years, the industry could be worth 50 to 70âšbillion dollars," said
Cesar Salazar, a managing partner atâšMexican startup venture capital firm
Mexican.VC, which wasâšrecently bought by 500 Startups, a U.S. accelerator
fund.
The Time is NOWâŠ
12. âș Latest Tweets on Mexican Startup Ecosystem
1 - People tend to forget Mexico is 11th largest country w/112M population.
2 - Mexico city is big, scary big. #opportunities.âš3 - @PaulSingh: question is not if
Mexico startups will catch on, it's when.âš4 - For good or for bad, Mexico is
intimately tied to US culture and moneyâš5 - Mexico now accounts for 20% of all
@StartupWeekend activities outside of US.âš6 - Mexico needs more hacking
culture, computers labs can't be empty on Fri afternoon. âš7 - Mexico startup
ecosystem needs more competition, internally & externally.âš8 - @PaulSingh:
Mexico will benefit tremendously from a little bit of perceived safety.âš9 - Mexico is in
desperate need of a local startup hero. Âżdonde esta mi Marco Zuckerberg?âš10 -
Brilliant move by @500Startups to acquire @MexicanVC. Kudos to @DaveMcClure
âș We are here to help fill the gapsâŠ
The Time is NOWâŠ