Huawei Cloud, together with the Mexican Agency for International Development Cooperation (AMEXCID) and the Ministry of Foreign Affairs (SRE), invite Latin American startups to participate in the first edition of HuaweiSpark in Mexico, the acceleration and growth program for newly created companies that use resources in the Cloud.
The call is now open and will receive registration requests until June 30. Companies legally constituted in Mexico, Colombia, Chile or Peru, with an operation of less than five years, will be taken into account.
Startups that offer products and services in Artificial Intelligence/Machine Learning, SaaS; Data Analytics, Internet, Media, Gaming, Streaming, BFSI, Blockchain; and other solutions related to the technology and ICT sector. Interested parties must use public cloud technology.
win hup to $100,000 in support
There will be 139 companies that will receive the boost from Huawei Spark. It is expected that at least 60 will be Mexican.
The selected startups will receive support ranging from 2,000 to 100,000 dollars, depending on the profile of each company; plus, access to Huawei’s digital cloud.
In order for them to increase their network of contacts for future collaborations and new business, as well as to achieve greater reach in dissemination opportunities, the companies selected for the Spark acceleration program will be able to attend monthly curated networking events by Huawei.
Additionally, the startups selected for the program will enjoy the support of government entities, venture capital companies, incubators and also the academic sector.
Huawei initially launched its Spark program in the Asia-Pacific region, later moving into Latin America, Europe, Africa and the Middle East. The three-year plan is to help a universe of 10,000 startups from all over the world to develop.
Mexico, a potential market for startups
Mexico is the second country with the most startups in Latin America. However, 38% of these new companies do not end up getting off the ground properly due to a lack of financial resources; according to a study conducted by the Center for the Development of Business Competitiveness.
Consequently, 75% of new businesses in Mexico do not prosper, with an average existence that does not exceed two years. That is why Huawei decides to implement its Spark program on Mexican soil, given the great potential in this country for the creation of new technology companies.
Don’t leave it for later. Register your startup to the Huawei Spark program. Sign up here.
Editorial Team The editorial team of EMPRENDEDOR.com, which for more than 27 years has worked to promote entrepreneurship.