According to figures from the Chinese technology company, in Mexico 75% of businesses or ventures fail in their path and that is why Spark aims to be a way to promote economic growth through the sustainable development of businesses.
“We believe that with many startups they can ignite an entire market,” Liu said. For his part, Eduardo García Lima, director of Amexcid, pointed out that this is an opportunity to generate an entrepreneurship ecosystem using exponential technologies, such as the cloud, which he described as the great connector for companies that use cutting-edge technologies. .
Omar Arab, chief business development officer Huawei Cloud, highlighted that there are many opportunities to develop startups in different sectors, such as hospitals, e-commerce, fintech, biometrics, all of them enhanced by the use of AI or big data, technologies that range to add value to businesses, as they allow you to improve the experience through personalization.
In this edition, the winners were 60 Mexican ventures. The selected startups were eligible for annual financial support of between $2,000 and $100,000, as well as mentoring from experts in the entrepreneurial landscape and training from Huawei.
Bárbara González, CEO of Bitso México and one of the program’s mentors, highlighted her excitement at seeing the initiatives of Mexican entrepreneurs and overturning the idea that there is no representation of women, although she also highlighted that because they are women they also have more obstacles.
In this regard, she pointed out that within the entrepreneurial landscape, less than 2% of private or risk capital is oriented towards initiatives led by women, which demonstrates the difficulty of raising capital.
For his part, Marcus Dantus, CEO of Startup México and another of the mentors, said that the challenges for the entrepreneurial ecosystem in Mexico are cultural and systemic. The first have to do with companies’ intolerance of failure, lack of collaboration and lack of inclusion.
While systemic obstacles are related to few acquisitions or mergers, in addition to corruption problems, which affect trust in institutions, which generates a loss of speed in ventures.
Despite this, he concluded that in Mexico “we have an advanced entrepreneurship ecosystem and there are companies that have taken the lead, which has caused a change in mentality, something of utmost importance because more and more people want to be entrepreneurs.”