Hackers/Founders Launches New Startup Acceleration Program In JV With Government of Mexico
- July 31, 2015Sudarshana Banerjee
The H/F startup accelerator program, launched in Silicon Valley in 2011, is launching in Guadalajara as part of a joint venture with the government of Mexico.
GUADALAJARA, JALISCO. July 30th, 2015 – Hackers/Founders, the largest entrepreneurs’ network in the world, and the parent organization behind the H/F Co-op acceleration program based in Mountain View, California, has expanded its acceleration program to entrepreneurs in Mexico. The Co-op Mexico program is a joint venture between H/F and the Government of Mexico, and aims to support at least ten local entrepreneurs every financial year.
Jonathan Nelson, founder and chief executive officer of Hackers/Founders explains: “The H/F Co-op accelerator program in Silicon Valley has seen a growing number of applications from really smart Latin-American entrepreneurs. Our presence in Mexico is a starting point in our mission to seek, find, and support talented Latin American entrepreneurs. I strongly believe we will see disruptive technologies coming from Latin America in the coming months, and we want to be a part of that process.”
Co-op Mexico is a joint initiative between Hackers/Founders and the Mexican Ministry of Innovation, Science and Technology, based in Guadalajara, the capital city of Jalisco. H/F is grateful to the ministry for its commitment to support H/F’s arrival in Guadalajara, Jalisco, and looks forward to working closely with the government in promoting entrepreneurial values.
Speaking on the launch, Jaime Reyes Robles, Secretary of Innovation, Science and Technology of Jalisco, said, “Hackers/Founders is an impressive network of entrepreneurs, whose arrival to Jalisco is relevant, as it positions the region as an innovation hub in LatAm. We will be working together in order to grow the entrepreneurial community, by adding value and promoting B2B businesses were the founders from Jalisco can partner with Silicon Valley companies.”
Hackers/Founders started out as a meetup of five people, and over the last seven years have grown to be one of the largest network of entrepreneurs in the world, with over 106 chapters, and 200,000 people. The Silicon Valley arm of H/F has over 12,000 members, and the numbers keep growing.
About H/F Co-op
H/F Co-op companies have a net worth of over $400 million and have raised over $55 million. While the average survival rate for startups that participate in a traditional incubator is only 50 per cent, 80 per cent of H/F Co-op companies are alive and flourishing.
About Co-op Mexico
Co-op Mexico is an expansion of the H/F Co-op acceleration program, based in Guadalajara, the capital and the largest city of the State of Jalisco in Mexico. Francisco Ruiz, founder at Ranktab is the first Mexican entrepreneur to join the Mexico Co-op.
Entrepreneurs may apply to Co-op Mexico until August 21st, via AngelList.