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July 24, 2013 04:10 am GMT
Manos Accelerator, a program to support Latinos involved in the startup community, has announced a partnership with Google For Entrepreneurs and will launch its first session for five to six startups in September. Based in San Jose, Manos Accelerator is meant to increase the number of Latino entrepreneurs and startups.Less than one percent of venture-backed startups were founded by Latinos, according to a report byCB Insights.Through a three-month program, Latino startup teams willcollaborate with other startups, develop their business plans, andmeet with angel investors, mentors, corporate executives and venture capitalists. “I’m just trying to create a cog and insert it in this wheel that already exists. If this was something that didn’t have an existing ecosystem, it would be difficult to sustain it over time,” Co-founder and CEO Edward Avila tells me. The wheel, he elaborates, is the startup-laden Silicon Valley. Avila saysManos Accelerator’s partnership with Google will help get the accelerator off the ground through experienced advising and resources.Google For Entrepreneurs launchedin September 2012and has partnered with global startup initiatives includingiHubin Kenya,Le Campingin France andKstartupin Korea. The program has also paired with several other accelerators for increasing minority representation in the industry, such asWomen 2.0andNewMe Accelerator. While NewMe Accelerator and similar programDreamIt Accessare providing resources and collaboration for minorities, Manos Accelerator is the first program specifically created for Latinos.Avila says Manos Accelerator is part of Google’s initiative to do more in Latin American startups. With about 30 business submissions so far, Manos Accelerator is a long way from TechStars or Y-Combinator, which the program will be modeled after. However, Avila says the numbers he has seen are encouraging. About 100 people have volunteered to be mentors for the program, and a third of submissions are from international startups. Applications close on July 31, and the first session begins Sept. 9. You can apply for Manos Accelerator here.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/KFIWFmQ2rbY/
Latino Startup Accelerator Partners with Google For Entrepreneurs To Launch In Fall
Manos Accelerator, a program to support Latinos involved in the startup community, has announced a partnership with Google For Entrepreneurs and will launch its first session for five to six startups in September. Based in San Jose, Manos Accelerator is meant to increase the number of Latino entrepreneurs and startups.Less than one percent of venture-backed startups were founded by Latinos, according to a report byCB Insights.Through a three-month program, Latino startup teams willcollaborate with other startups, develop their business plans, andmeet with angel investors, mentors, corporate executives and venture capitalists. “I’m just trying to create a cog and insert it in this wheel that already exists. If this was something that didn’t have an existing ecosystem, it would be difficult to sustain it over time,” Co-founder and CEO Edward Avila tells me. The wheel, he elaborates, is the startup-laden Silicon Valley. Avila saysManos Accelerator’s partnership with Google will help get the accelerator off the ground through experienced advising and resources.Google For Entrepreneurs launchedin September 2012and has partnered with global startup initiatives includingiHubin Kenya,Le Campingin France andKstartupin Korea. The program has also paired with several other accelerators for increasing minority representation in the industry, such asWomen 2.0andNewMe Accelerator. While NewMe Accelerator and similar programDreamIt Accessare providing resources and collaboration for minorities, Manos Accelerator is the first program specifically created for Latinos.Avila says Manos Accelerator is part of Google’s initiative to do more in Latin American startups. With about 30 business submissions so far, Manos Accelerator is a long way from TechStars or Y-Combinator, which the program will be modeled after. However, Avila says the numbers he has seen are encouraging. About 100 people have volunteered to be mentors for the program, and a third of submissions are from international startups. Applications close on July 31, and the first session begins Sept. 9. You can apply for Manos Accelerator here.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/KFIWFmQ2rbY/
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