Mexico City (October 25th, 2022) — Village Capital today announced that eight startups were selected to take part in “ADAPT: Social Innovation for a More Resilient Future in Latin America” to scale their solutions around climate change, healthcare, and economic mobility in the region. ADAPT, which was launched with support from MetLife Foundation, is an accelerator program operating in the U.S. and Latin America.
The open call focused on startups creating and expanding access to solutions around community resilience, including disaster preparedness, financial preparedness, and economic opportunity; and individual resilience, including health and wellness, work and learning, and financial health. The impetus for the ADAPT accelerator program is a focus on cross-cutting or intersectional issues that directly impact an individual’s or community’s ability to achieve resiliency and adapt to ongoing environmental, social, and economic challenges.
Over 120 startups from 17 countries applied to be a part of the accelerator. The final cohort is composed of the top eight startups from four countries: Brazil, Chile, Guatemala, and Mexico. Out of the eight startups, 50% are headquartered outside of major tech hubs in the region, and 50% are led by a female founder and/or CEO.
Here are the eight startups working to build solutions around climate change, healthcare and economic mobility in the region:
From October to December 2022, the selected cohort will participate in four online workshops, as well as receive mentorship from MetLife employees, potential strategic partners, investors, customers and other founders in Latin America and in the U.S. Cohort participants will also receive a one-on-one session with an investment analyst for feedback and support.
The top two companies selected by their peers will each receive a USD $20,000 grant from MetLife Foundation to support their operations.
About Village Capital
Village Capital helps entrepreneurs bring big ideas from vision to scale. Our mission is to reinvent the system to back the entrepreneurs of the future. Our vision is a future where businesses create equity and long-term prosperity. Since 2009, we have supported more than 1,000 early-stage entrepreneurs through our investment readiness programs. Our affiliated fund, VilCap Investments, has invested in more than 100 program graduates, including nine early-stage Latin American companies like ePesos (2016), Fintual (2017), and Huli (2017).
For more information at Village Capital:
Sofía Cándano sofia.candano@vilcap.com
About MetLife Foundation
At MetLife Foundation, we are committed to expanding opportunities for low- and moderate-income people around the world. We partner with nonprofit organizations and social enterprises to create financial health solutions and build stronger communities, while engaging MetLife employee volunteers to help drive impact. MetLife Foundation was established in 1976 to continue MetLife’s long tradition of corporate contributions and community involvement. From its founding through the end of 2020, MetLife Foundation provided more than $900 million in grants and $87 million in program-related investments to make a positive impact in the communities where MetLife operates. Our financial health work has reached more than 17.2 million low- and moderate-income individuals in 42 countries. To learn more about MetLife Foundation, visit metlife.org.
For more information:
MetLife Foundation
Jorge Arturo Hernández
jorge.hernandez1@metlife.com.mx
MetLife Mexico
Alejandro Luna
aluna@cuadrante.com.mx
Phone 55 1395 8147
Cuadrante
Eduardo Ostria
eostria@cuadrante.com.mx
Phone 55 1900 2527
Cuadrante
