---
title: Colombian ESOs AMPLO, Vertical-i, and Crowd Innovation Lab Were Peer-Selected to Receive Equity-Free Funding
description: AMPLO, Vertical-i, and Crowd Innovation Lab were the top three ranked Entrepreneur Support Organizations by their peers as part of the Colombian Ecosystem Builders Accelerator.
image: https://newsandviews.vilcap.com/hubfs/Argidius%20LatAm%20Workshop_Peer%20Selected%20and%20VilCap%20Team.png
---

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# Colombian ESOs AMPLO, Vertical-i, and Crowd Innovation Lab Were Peer-Selected to Receive Equity-Free Funding

 Each Entrepreneur Support Organization (ESOs) will receive USD 25K to support its operations after being selected by their peers on the final day of the Colombian Ecosystem Builders accelerator program

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Village Capital, with support from Argidius Foundation, announced that ten Colombian Entrepreneur Support Organizations (ESOs) have been selected to take part in the Colombian Ecosystem Builders Accelerator.

[**![button_lee en español](https://newsandviews.vilcap.com/hs-fs/hubfs/button_lee%20en%20espa%C3%B1ol.png?width=150&height=43&name=button_lee%20en%20espa%C3%B1ol.png)**](https://newsandviews.vilcap.com/press-releases/las-esos-colombianas-amplo-vertical-i-y-crowd-innovation-lab-fueron-seleccionadas-por-sus-pares)

**Barranquilla (November 21, 2023)** — [Village Capital](https://vilcap.com/), with support from [Argidius](https://www.argidius.com/) Foundation, announced that AMPLO, Vertical-i, and Crowd Innovation Lab were the top three ranked Entrepreneur Support Organizations by their peers as part of the Colombian Ecosystem Builders Accelerator.

The accelerator program supported nine ESOs – such as accelerators, incubators, funds, universities, and service providers – that support entrepreneurs working across Colombia. 77% of the cohort headquartered in Colombia’s coast and 100% led by a female founder or C-suite member.

On the final day of the Colombian Ecosystem Builders Accelerator program, AMPLO, Vertical-i, and Crowd Innovation Lab were top-ranked by their group of peer organizations. The participant ESOs evaluated each other through a funder lens, using Village Capital’s [ESO diagnostic tool](https://newsandviews.vilcap.com/posts/diagnostic-for-incubators-and-accelerators) and [peer-selected](https://vilcap.com/entrepreneurs/peer-selected-investment)methodology. Through the accelerator program, the ESOs participated in four hybrid capacity-development workshops and received mentorship from industry experts, investors, and ecosystem partners.

All participant ESO have received a USD 2K grant after completing the acceleration phase of the program. The peer-selected ESOs will receive additional USD 25K each to support their operations. With the training and equity-free funding received, they will be able to implement efficient and effective tools to better support entrepreneurs’ needs and build the infrastructure needed to ensure that Colombia can benefit from a thriving startup community. 

The peer-selected startups focus on the following:

- [**AMPLO**](https://amplo.com.co/site/) (Bogota) promotes inclusive economic development in Latin America by helping small businesses have the conditions for a successful capital flow.
- [**Vertical-i**](https://vertical-i.com/)(Barranquilla) is an incubator for technology-based entrepreneurship, leveraging a track record and experience in innovation and technology consultancy.
- [**Crowd Innovation Lab**](https://el-lab.co/el-lab-innovacion/) (Cali) focuses on agricultural chains and circular economy, promoting value creation through entrepreneurship, innovation, and investment models.

For more information, reach out to Sofía Cándano at Village Capital ([sofia.candano@vilcap.com](mailto:sofia.candano@vilcap.com)).

**About Village Capital**

*Village Capital is reinventing the system to back the entrepreneurs of the future. Known for its groundbreaking approaches to supporting founders who are building solutions to emergent social, economic, and environmental challenges, VilCap unlocks critical social and financial capital for early-stage companies to maximize business and impact growth.*

*Village Capital has operated in Latin America since 2015 by running over 16 accelerator programs involving more than 19 countries in the region including Bolivia, Guatemala, and Paraguay. VilCap has supported more than 170 locally-based startups working in sectors such as economic mobility, financial health, and sustainable agriculture. Learn more at*[*www.vilcap.com*](http://www.vilcap.con/) *and follow @vilcap\_latam. *

**About Argidius Foundation**

*Argidius Foundation was founded in 1956 to tackle poverty through enterprise development in emerging economies. Our goal is to help entrepreneurs build profitable businesses and contribute to the sustainable development of their communities. We do this by improving the effectiveness and reach of enterprise support organizations in low- and middle-income countries, especially in our focus countries in Latin America and East Africa.*

 

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