Acceleration in Mexico

Initial Data from Mexican Startups

May 2017

With the support of Citibanamex, through Fomento Social Banamex, GALI is working to increase understanding of acceleration and early stage ventures in Mexico. This data summary includes information from 461 ventures operating in Mexico, contributed by 21 accelerator programs.

Data at a Glance:

  • Mexican ventures that applied to accelerator programs were primarily early stage, for-profit ventures. Most ventures had not earned revenue in the previous year, and had not raised investment capital.
  • Ventures that were selected by the accelerator programs to participate tended to demonstrate a track record. In particular they were more likely to have reported equity.
  • Two-thirds of applicants had previously founded an organization. These experienced founders were more likely to have raised equity.
  • Ventures led by women were four times less likely to have raised equity than ventures with all-male teams.
  • Ventures that reported intellectual property were more likely to have raised equity, earned revenue, and hired employees.
  • Mexican ventures most often ranked the development of their network and access to mentors as the most important benefit accelerators provide.
  • Most ventures were hoping to raise debt or equity in the coming year and aimed for a median target of $30,000.

This data summary is available in Spanish and English:

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