Next week, StartupBootcamp will organize two Fintech Fast track events in Mexico DF and Sao Paulo.
StartupBootcamp is a global network of industry focused startup accelerators. It started in Europe, Denmark and today it is present all around the world with 13 accelerators in 10 locations (Amsterdam, Barcelona, Berlin, Copenhagen, Eindhoven, Istanbul, London, Singapore, Miami and New York). Their three month programs give direct access to an international network of the most relevant partners, investors and mentors in their sectors. It won the admiration of Forbes and The Economist, praising their training system for entrepreneurs and an incredible high net worth network.
The StartupBootcamp (SBC) Fintech is the world’s largest accelerator for Fintech Startups. The three month acceleration is opened to worldwide startups with programs in London, Singapore and New York. The accelerator is the first one to receive support from leaders in the financial technology. These include 15 corporate partners, as Mastercard, Banco Santander, DBS Banks, PWC, Rabbobank among others. Yesterday, it was announced Deutsche bank decided to join the partner club too.
I would like to talk about the SBC New York program, whose applications are now open.
The startups selected will receive mentorship from entrepreneurs, investors and partners worldwide and will have access to international markets. In each batch, 10 teams are selected for a three month program to work in the New York facilities and each one will receive USD 20 thousand in cash. The program is led by Jesse Podell, a passionate about Fintech, who travels around the world to “taste” the Fintech ecosystem in other cities.
“Entrepreneurs need to think global from day one”, is a common advice from mentors. Building startups that is global-ready from the beginning will put entrepreneurs in the best position to deploy world changing solutions ahead of the competition. Countries with a small market as Colombia (47 million people) or Chile (17 million people) for example are already practicing this quote when they conceive the product because they want to reach more users. Big countries, as Brazil (200 million) or Mexico (120 million) have the reflex to focus on their local market, ignoring the global potential. International investors feel more confident when they deal with a startup that can be easily adapted to any country. A startup can start small, locally, but it has to have in mind that it needs to grow internationally: “Shoot for the moon. Even if you miss, you’ll land among the stars”.
To be close to the moon, a startup should take every opportunity to be in touch with international accelerators, investors, partners or team members. The result of the melting-pot will bring concepts and approaches that can pivot the initial product or service. International actors definitively add constructive input because they see the problem differently and hence the solution. After all, deconstruction is what makes us to think outside the box.
Therefore, when international accelerators launch programs in the US, Germany, Singapore or Chile, for example, Latin American startups need to apply. Doing the path to be selected and joining other international participants, enrich the life of the startups and train them for new benchmarks. A first advice…Go to the StartBootcamp Fintech New York and apply.
StartBootcamp will select 10 teams to perform a pitch during one day and receive feedback and mentorship from StartBootcamp NY team and known personalities from the startup local ecosystem.
This is another opportunity to gather the Fintech community in Mexico and Brazil to share experiences, woes and threats. It is also an opportunity to have a chat with the international experts to learn more about the accelerator program or to look for similar references of your product abroad. Don’t ignore the foreigner, he will definitively bring something new.
To end, shoot to the moon now! Latin American Fintech startups can also become global references. That’s our mission.