1871 And The Illinois Hispanic Chamber Of Commerce Announce Third Cohort Of Joint Hispanic Technology Incubator

The third cohort of the 1871 + IHCC Hispanic Tech Incubator. 

The third cohort of the 1871 + IHCC Hispanic Tech Incubator. 

By 1871/Yun Tai

1871 and the Illinois Hispanic Chamber of Commerce (IHCC) announced today the 14 businesses that will make up the third cohort of the 1871/IHCC Hispanic Technology Incubator, a joint program focused on fostering opportunities for Hispanic-owned technology companies. 

The 12-week program will help members navigate common startup challenges by providing technological support, educational programming, fundraising advice and introductions, networking opportunities, and other business resources. Cohort participants receive direct access to mentors from a variety of backgrounds and tailored content designed specifically for each company.

“We’re thrilled to continue working with 1871 as we help our growing community of Latinx entrepreneurs thrive and prosper,” said Omar Duque, President and CEO of IHCC. “This tried-and-tested program has yielded phenomenal results, and we’re excited to provide the new cohort with the tools they need to grow their businesses.” —Omar Duque, President and CEO, IHCC

The program was launched in November 2016 with an inaugural cohort of 12 Latinx-owned technology companies. Two cohorts have already graduated from the program, with each receiving 230 hours of instruction. Additionally, applications for the program doubled between the first cohort and the second. The 25 companies that have participated in the program have created 39 new jobs and raised nearly $2 million in capital.

“It’s a privilege to partner again with the IHCC and further 1871’s core values of diversity and inclusion. These efforts are key for our overall ecosystem because diverse and inclusive environments are paramount for innovation and business success.” —Howard A. Tullman, CEO, 1871

 Member companies in the third cohort include:

  • adBidtise | Katherine Ramirez | adBidtise helps businesses with little to no advertising budget so that they can stand out, survive, succeed, and grow with affordable, advertising options.
  • Ari Rose | Jessica Mann | Ari Rose is an e-commerce platform that provides customers with hand-crafted body care products focused on holistic wellness and self-care.
  • Azul Living | Sean Duran and Ariel Aguilar | Azul Living is a hospitality management company offering hotel quality amenities in spaces beyond regular tourist spots.
  • Commit | Mia Velasquez, Josh Kim, and Dan Kolb | Commit is a convenient payment aggregation platform for social organizations and communities.
  • F&W Insights | Eduardo Garcia, Nimesh Gadoya, and Orlando Ferrer | F&W Insights is an IOT tech company reducing costs, increasing revenues, and improving client experiences in the hospitality industry.
  • Interpreter Tap | Victor Abundis, Cecilia Rubio-Hernandez, and Victor Arellano | Interpreter Tap is a mobile application that connects you to a live interpreter via video or voice call.
  • Max-Grad | Arturo Caines | Max-Grad enables post-secondary institutions to identify, communicate, re-engage, recruit, and re-enroll near-completers or stop-outs with a highly personalized and automated approach.
  • NOMU | Victor Flores and Joseph Cardin | NOMU is a platform that enables patrons to purchase drinks at local bars, nightclubs, and other venues.
  • Odeon Media | Daniel Rendon | Odeon is a curated news app that delivers a customizable balance of facts, opinions, and user feedback.
  • Option It | Richard Gilsdorf and Chris Pappas | Option It allows users to buy a face value ticket to events before tickets go on sale.
  • Photo Innovation Lab | Juan Carlos Hernandez | Photo Innovation Lab offers users a wide range of fine-art photographic print products through their web and mobile platforms.
  • Reality Bytes | Lorne A. Rodriguez and Alex Paull | Reality Bytes offers on-demand virtual reality that elevates entertainment, enhances education, and boosts business.
  • SCRL | Alex Flores and Anthony Hoang | SCRL allows users to create a continuous canvas for Instagram’s multi-photo feature.
  • SelfMade | Carlo Oviedo | SelfMade is a monthly subscription box of curated, custom branded apparel for busy entrepreneurs.

“I’m eager to participate in the third cohort and collaborate with other Latinx entrepreneurs,” said Katherine Ramirez, Founder and CEO of adBidtise. “Through this proven program, adBidtise will be able to create even richer experiences for our clients and extend the value of their brand.” —Katherine Ramirez, Founder and CEO, adBidtise

1871 has previously partnered with Chicago Urban League, CODE2040, ImBlackinTech, Ms. Tech, Code Latino, and many other organizations in an effort to increase opportunities for underserved entrepreneurs. The Hispanic Technology Incubator has been supported by sponsors including PNC Bank, JPMorgan Chase, and Wintrust Financial.

For more information on the program, visit 1871.com/HispanicTech

CEO Roundtable Recap

For the second installment of our CEO roundtable series on leading great teams, nine business owners came together on Wednesday, November 8th at Univision Chicago's studio to discuss the importance of giving power to their employees. Building on the first roundtable discussion, leaders reflected on the difficulty of letting go and delegating key tasks to employees as the business grows.

The CEOs in the group agreed that if you want to grow something  bigger than yourself (like a successful business)  you have to learn to trust your employees. While mistakes can happen, sometimes done is better than perfect and, more often, mistakes can mean employees are taking risks and trying something new and are an important source of learning and growth for the business owner and the team. In the end, employees bring unique talents to the business that fuel its growth.

Want to hear more? Watch out for the full recording of the session and dig into other lessons learned in our upcoming whitepaper!

IHCC to honor Illinois Business Leaders at 2017 IHCC Awards Gala

Tomorrow the Illinois Hispanic Chamber of Commerce (IHCC)  will honor six extraordinary business and nonprofit leaders from the Illinois business community  at the 2017 IHCC Awards Gala. Award winners were chosen for their proven commitment to diversity and inclusion, as well as their advocacy efforts  for Hispanic and minority entrepreneurs.

Award winners include:

  • IHCC Chairman’s Award - Alejandra Garza, Former Interim CEO of Instituto del Progreso Latino and Founder/President of AGG Consulting
  • IHCC Corporate Leadership Award - Wintrust Community Banks
  • IHCC Government Leadership Award - The Illinois Tollway
  • IHCC Member of the Year Award - Arthur Zayas Miller, President & CEO of MZI Group, Inc.
  • IHCC Partner of the Year Award - 1871 Chicago
  • IHCC Philanthropic Leadership Award- JPMorgan Chase Foundation

“IHCC is proud to recognize this year’s honorees for their dedication to making the business ecosystem a more inclusive space for all business owners. Every award winner has taken important  steps to provide Hispanic and minority business owners access to mentorship, resources and capital,” said IHCC CEO Omar Duque.

The gala is a black-tie event and will take place on Wednesday, October 25, 2017 at the Hyatt Regency McCormick Place from 5:30-10:00 pm.

For more information, please contact Lizet Alba, IHCC Communications Coordinator at (312) 425-9500.