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IDB Lab Selects Techstars To Implement Program Directed to Enhance Innovation and Women Entrepreneurship in Central America and Ecuador

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IDB Lab, the entrepreneurial innovation arm of the Inter-American Development Bank Group, selected Techstars to implement a comprehensive program to support women-led startup growth and encourage female entrepreneurship in Central America and Ecuador. 

This program, powered by WeXchange, IDB Lab’s platform to support the growth of women entrepreneurs in STEM in Latin America and the Caribbean, will launch a series of entrepreneurial-focused events aimed at creating a pathway for female founders to progress through their entrepreneurial journey. Programming will span 2024 and 2025, and will include:

  • Six editions of Startup Weekend in Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, and Nicaragua. During these three-day in-person events, women will have the chance to access local community mentors, investors, co-founders, and partners to help them get started on their entrepreneurial journey. 
  • Two editions of Founder Catalyst, a 10-week pre-accelerator program that will provide early-stage STEM-based female founders access to valuable startup education, mentorship, community building, and Techstars’ network of entrepreneurs, mentors, and corporate partners. Both Founder Catalyst programs will be held virtually.
  • An edition of Ecosystem Development Lab, which will convene local community leaders and stakeholders for two days in Tegucigalpa, Honduras, to learn key methodologies and foster the region’s unique startup ecosystem, with a focus on empowering female entrepreneurship.

This program is financially supported by the Women Entrepreneurs Finance Initiative (WeFi), a global initiative established in 2017 with funding from 14 donor governments that supports women entrepreneurs in developing countries by scaling up access to finance, building capacity, expanding networks, and providing market opportunities. 

Those interested in learning more about the partnership and its programming can find more information here. 

VCWire

02/04/2024