São Paulo, Brazil, February 26, 2018
—The World Economic Forum and the International Finance Corporation selected
50 outstanding start-ups from Latin America to be part of a special program
during the World Economic Forum’s (WEF) annual regional meeting in Brazil.
There they will have the opportunity to tap into a vast network of global
investors, corporate leaders, and the region’s leading policymakers.
Their participation during the Forum will help explore how to strengthen
technology-driven start-ups in Latin America and what steps can be taken
to overcome some common obstacles faced by entrepreneurs in the region,
such as securing funding and expanding across borders to scale up their
businesses.
The companies were selected by IFC, WEF, and a committee of leading experts
on the start-up ecosystem in Latin America based on factors that included
revenue generation, funding sources, scalability and the strength of technology-driven
entrepreneurship in their home countries. The selected start-ups will have
a tailored program at the World Economic Forum (WEF) on Latin America that
will take place in São Paulo on March 13-15, 2018.
"Start-ups in Latin America and the Caribbean are using creative solutions
to address not just local, but regional and global problems. Innovators
selected in our first list are entrepreneurs with scalable problem-solving
vision who require an adequate ecosystem to thrive. We have identified
more than 50 individuals who are ready to reshape Latin America’s narrative
through innovation and technology and look forward to welcoming them at
this year’s Forum on Latin America.” said Marisol Argueta de Barillas,
the World Economic Forum’s head Head of Regional Strategies - Latin America.
Start-ups are slated to play a critical role in helping Latin America’s
private sector be more innovative. A recent study by the World Bank showed
that companies in the region were 20 percent less likely to introduce a
new product than in countries with similar incomes in Europe and Central
Asia.
The purpose is to help accelerate the development of the region’s digital
economy, promoting inclusiveness, access to better services, from retail
to financial services, education, healthcare, and employment.
“Start-ups can play a critical role in promoting innovative solutions
to some of Latin America and the Caribbean’s most pressing development
challenges,” said Georgina Baker, IFC Vice President for Latin America
and the Caribbean, Eastern Europe and Central Asia. “In the last
five years, IFC has invested more than $170 million to support the region
and this initiative with the World Economic Forum is part of our efforts
to step up our work with startups in Latin America and the Caribbean,”
she said.
The entrepreneurs behind these start-ups will be able to meet the World
Economic Forum’s members that could potentially partner with them in ventures
in Latin America and will also spur a discussion about how policymakers
and investors can help these companies thrive and deploy innovative, tech-driven
solutions. This new initiative for Latin America from the World Economic
Forum and IFC follows a similar effort launched in the Middle East and
North Africa in 2017.
The selected firms will also join the Forum’s UpLink initiative, which
consists of a dedicated network and digital platform where startups can
interact with investors, global peers, multinationals, governments and
universities.
Start-ups from Argentina, Brazil, Chile, Colombia, Ecuador, Guatemala,
Mexico, Peru and Uruguay were selected.
Name
| Country
|
Afluenta
| Argentina
|
Agrosmart
| Brazil
|
ASAAS GESTAO FINANCEIRA S.A.
| Brazil
|
Athon Energia
| Brazil
|
AVANTE.COM.VC
| Brazil
|
CargoX
| Brazil
|
CERC CENTRAL DE RECEBIVEIS
| Brazil
|
Chipsafer
| Uruguay
|
Clinicas del Azucar
| Mexico
|
Contabilizei
| Brazil
|
Creditas
| Brazil
|
Digital House
| Argentina
|
EBES Sistemas de Energia Solar
| Brazil
|
EduK
| Brazil
|
Entrega Creativa (Chazki)
| Peru
|
Geru
| Brazil
|
GuiaBolso
| Brazil
|
Gympass
| Brazil
|
Hola Edtech
| Mexico
|
Intelipost
| Brazil
|
Já Entendi Tecnologia
| Brazil
|
Kingo Energy
| Guatemala
|
Konfio
| Mexico
|
Lab4U
| Chile
|
Laboratoria
| Peru
|
Liv Up
| Brazil
|
Loggi
| Brazil
|
Mandae Technologies Inc.
| Brazil
|
MedLogic
| Brazil
|
MoviiRed
| Colombia
|
Myleus Análises Genéticas
| Brazil
|
Nagro Credito Agro
| Brazil
|
NotCo
| Chile
|
Nubank
| Brazil
|
Pago Rural
| Uruguay
|
Payjoy
| Mexico
|
Pecuaria Sustentavel da Amazonia
| Brazil
|
Platzi
| Colombia
|
Quero Educação
| Brazil
|
Quero Quitar
| Brazil
|
S4 Holdings
| Argentina
|
Shippify
| Ecuador
|
Stattus4 Cidades Inteligentes e Sustentabilidade
| Brazil
|
TBIT
| Brazil
|
Technisys
| Argentina
|
TecZelt - FazGame
| Brazil
|
Tera
| Brazil
|
The Biz Nation
| Colombia
|
Tienda Nube
| Argentina
|
Tienda Pago
| Mexico
|
Triciclos
| Brazil
|
Zolvers Inc
| Argentina
|
Zumpy
| Brazil |
* WEF, IFC, and the Selection Committee decided to select a few additional
startups in order to ensure a more diverse representation of countries
and industries in Latin America, enrich the discussion during the program
at WEF and foster a productive conversation about the startup ecosystem
in the region. Of the selected startups, half of them were selected
from countries throughout Latin America and the Caribbean and the other
half were specifically from Brazil.
About IFC
IFC—a sister organization of the World Bank and member of the World Bank
Group—is the largest global development institution focused on the private
sector in emerging markets. We work with more than 2,000 businesses worldwide,
using our capital, expertise, and influence to create markets and opportunities
in the toughest areas of the world. In FY17, we delivered a record $19.3
billion in long-term financing for developing countries, leveraging the
power of the private sector to help end poverty and boost shared prosperity.
For more information, visit www.ifc.org.
IFC’s Venture Capital (VC) group invests in sustainable technology-driven
ventures that make an impact in emerging markets, while also realizing
strong returns.: www.ifc.org/vc
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