Mexico
07 December 2020

MassChallenge Mexico Announces 2020 Prize Winners 

Mexico City, Mexico - MassChallenge Mexico, part of MassChallenge’s global network of innovators, today announced the four prize winning startups from its 2020 accelerator program during its year-end event, which was held virtually and featured Marc Randolph, co-founder of Netflix, as the keynote speaker.

The prize winners of the accelerator are Mesa (Chile), Verqor (Mexico), Jelp (Mexico), and Signamy (Mexico). Unlike previous years where equity-free cash prizes were awarded, this year three in-kind prizes were awarded by Hubspot and two investment proposal prizes were awarded by Angel Ventures and DUX Capital.

“This year, we had to adapt to a virtual environment in order to continue to deliver the same tools, networks, and resources to our startups.” Said Camila Lecaros, Managing Director of MassChallenge Mexico. “While COVID-19 took us out of our comfort zone, we had the opportunity to expand our program and bring it to truly transformational businesses across LATAM - helping them create meaningful change throughout the region.” 

The prize winners were announced during the MassChallenge Mexico Virtual Awards. Marc Randolph, Netflix co-founder and global entrepreneur, spoke to the 240 of participants about the importance of disrupting the status quo, and of actively pursuing new ideas without fear. 

“You have to take the risk and do something, not waste time. You'll learn more about it in one day than thinking about it for six months. It is trying hundreds of bad ideas until a really good one arrives ," said Marc Randolph. 

Additionally Ricardo Renteria from Amazon Web Services share his vision for how startups can scale quickly and safely by using the company's solutions.

The virtual event ended with a look to 2021: MassChallenge Mexico announced that the application for its 2021 program will open on March 11. Learn more: masschallenge.org/apply. 

2020 MassChallenge Mexico Prize Winners

Investment winner of $300,000 if the due diligence process is fulfilled

Mesa (Chile) - Helping restaurants attract customers outside of peak hours with dynamic time-based discounts to generate new revenue.

Investment winner of $ 100,000 if  the due diligence is fulfilled 

Verqor (Mexico) - A cashless line of credit platform for supply chain farmers, which aims to empower, connect, and financially empower farmers around the world.

In-kind award winners from HubSpot

Jelp (Mexico) - A B2B work platform focused on the end-user experience in the home improvement industry.

Signamy (Mexico) - An assistive technology for the Deaf Community with which companies can translate their websites into Sign Language just by installing a plugin.

Verqor (Mexico) - A cashless line of credit platform for supply chain farmers, which aims to empower, connect, and financially empower farmers around the world.

MassChallenge México Partners

Baker McKenzie, Bancolombia, CEMEX, Facebook, Greenberg Traurig, IDB Lab, Nestlé, Simon-Kucher & Partners, The Crafters, Universal Music Group.

About MassChallenge

MassChallenge is the global network for innovators. Headquartered in the United States with seven locations worldwide, MassChallenge equips bold entrepreneurs to disrupt the status quo and to create meaningful change. Since launching in 2009, more than 2,400 MassChallenge alumni have raised more than $6.2B in funding, generated more than $3B in revenue, and created more than 157,000 total jobs. Learn more about MassChallenge at masschallenge.org.

Mission

Our mission is to equip bold entrepreneurs to disrupt the status quo and to create meaningful change.