IHCC CEO Omar Duque to Speak at the World Incubation Summit in Toronto

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The 1871 + IHCC Hispanic Tech Incubator will be highlighted next week at the World Incubation Summit in Toronto, Canada at a fireside chat hosted by IHCC CEO Omar Duque and 1871 CEO Howard Tullman.

The World Incubation Summit (WIS) brings together an exclusive, international group of university-linked incubation programs for a two-day conference. WIS is organized by UBI Global, a Swedish-based data and advisory firm specializing in mapping and highlighting the world of business incubation and the DMZ Incubator at Ryerson University, the leading business incubator for technology start-ups in Canada.

Duque and Tullman will lead a fireside chat focusing on how other organizations can develop mutually beneficial partnerships that promote diversity and inclusion and facilitate strategic opportunities. Since 2016, IHCC and 1871 have partnered to launch a first-of its kind incubator program for Latinx-led startups. The 1871 + IHCC Technology Incubator has successfully graduated 25 Latinx founders from the program and 14 founders are currently participating in the third cohort. Cohort companies have raised more than $2 million in early stage capital, secured contracts with Fortune 100 firms and gone on to notable accelerators including Elm Spring and Techstars.

“We’re excited to share how the partnership between IHCC and 1871 has led to the creation of an action-oriented community that provides Latinx tech founders with the tools and resources they need to scale successful ventures," said IHCC CEO Omar Duque. "We hope that organizations in attendance will walk away with ideas for their own strategic collaborations to increase diversity in the international tech space."

Learn more about the World Incubation Summit by visiting the conference website.

IHCC Announces New Board of Directors

Juan Gaytan, IHCC Board Chairman

Juan Gaytan, IHCC Board Chairman

IHCC is pleased to announce Juan Gaytan Jr., President and CEO of Monterrey Security as the new chairman of the IHCC Board of Directors. Juan succeeds Maria Prado, Partner & President of Prado & Renteria CPA'S. We would like to thank Maria for her years of service and dedication to IHCC. Maria will remain on the board as vice chairman for 2018, helping guide the new board as they set a vision for the upcoming term.

We would also like to welcome the newly appointed members of the board and look forward to working with them as we continue our mission of making the world a better place through entrepreneurship.

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 | 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