Apps.co Selects Socialatom Ventures to Lead Acceleration Initiative

At the close of PulsoConf in September, Apps.co leader Claudia Obando announced that the next stage of Colombia’s Vive Digital would soon be set in motion with Socialatom Ventures. The organization will drive forward Colombia’s digital entrepreneurship ecosystem through a new acceleration program for startups, which is now set to launch.

Socialatom Ventures will implement a two-stage process that will last between 14 and 16 weeks. The organization will accelerate five to 10 startups per cycle and provide teams with support through training, mentorship, workspace and other tools. Optional seed funding of up to US$25,000 will also be made available to enterprises through an alliance with Buenos Aires accelerator NXTP Labs.

The Socialatom Ventures program has been modeled after processes implemented by international accelerators like TechStars and Y Combinator. It will focus on five main areas: product and engineering, marketing and PR, business development, law and finance, and achieving investments (angel and VC). Participants will also have access to a wide range of related services in legal matters, administration, technology, human resources and PR. And through the Socialatom Ventures – NXTP Labs alliance, select startups will be given the opportunity to travel to the United States to meet with entrepreneurs and investors there.

Alan Colmenares, who has been pegged to head Socialatom Ventures, remarked:

The Socialatom Ventures team has been working for years with national and international players to develop the digital entrepreneurship ecosystem in Colombia. To achieve our vision of developing high-impact entrepreneurs, today we’ve partnered with NXTP Labs, one of the most important accelerators in Latin America.

The program is open to startups with a product or service that is scalable on a global or regional level. Teams must boast at least one tech-based member and have at least one partner who is able to speak English and can travel to the United States. The first cycle of acceleration will take place in the city of Bogotá.

Inscriptions for Socialatom Ventures will open soon. For more information, visit http://socialatomgroup.com/.