Applicants are invited to apply for the "Somos Lucha" program which is focused on providing you with personalized advice that will allow you to focus on operating your company and growing your main metric faster.
Sponsoring Agency: 500 Startups
Type of Fund: Events, Workshops and Conferences
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 06/06/2021
Size of the Fund: USD $50,000 to $500,000
Applicants are invited to apply for the "Somos Lucha" program which is focused on providing you with personalized advice that will allow you to focus on operating your company and growing your main metric faster.
You will also have access to 1-1 mentoring on demand with their network of international mentors to attend to the issues that are most relevant to your company.
4 months of remote work and $ 60,000 investment dollars to help you add value to your business.
Lucha’s 4 months of work and investment
• Personalized advice.
o They will assign a person from our team to meet twice a week with you. The purpose is to inject the experience of a decade and learnings from more than 200 investments in the region into your company. Help identify priorities, make decisions and move faster to the right place.
• Content spaces.
o They will have content sessions taught by mentors according to the needs of the batch, in addition to having spaces to talk with founders of the most relevant startups in the region.
• International mentors.
o You will have access to 1: 1 sessions with mentors from our international network, this they will tailor and depending on the unique needs of your company
Criteria
• In addition, the opportunity to share experiences with a community of founders from different Latin American countries, as incredible as you and with similar challenges.
• If you are not yet registered as a company, that does not prevent you from applying. Once you have made the offer, they will send you options for offices that can help you do the entire legal process at your cost.
• Once selected in the call, their process to make the investment is simple and they have only 3 prerequisites to disburse the investment:
o Be incorporated: Ideally as a Delaware Ccorp or LLC. If you have a different entity, do not worry, once with the offer in hand, the firms can help you find options to make a matrix and explore options that work for both.
o Have vesting: This is signed by all the founding partners. This is to protect you as partners and us as investors from the departure of one of you.
o Intellectual property and some best practices. Contract for the transfer of intellectual property rights to the entity. This is signed by all those who have developed technology and it is for all of to make sure that it belongs to the company and not to a specific person.
More information at: https://aplica.500latam.co/
Eligible Countries:
Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Uruguay, Venezuela
