Today the Illinois Hispanic Chamber of Commerce (IHCC) and 1871 welcomed the eleven startups that make up Cohort 4 of the Latinx Incubator. For the next twelve weeks, the founders will become fully immersed in Chicago’s tech ecosystem as they focus on propelling their companies to the next level.
The Latinx Incubator, operated in partnership with 1871, will provide the startups with tailored educational programming, strategic connections and technical support to help them succeed. Currently, less than 1% of Latinx entrepreneurs receive venture funding or angel investment. The Latinx Incubator is leveling the playing field by building an inclusive entrepreneurial tech ecosystem that actively supports diverse founders and sets them up for growth in the startup ecosystem.
“We are thrilled to welcome this group of fantastic entrepreneurs to our community”. said Latinx Incubator Director Veronica Aguilar. “By focusing on the next wave of innovation, the Latinx Incubator is building a pathway to upward economic mobility for communities that are currently underrepresented in the tech space.”
The eleven startups range in industry from artificial intelligence to food tech. The program will culminate with the founders taking the stage for a capstone pitch demo day in December. The showcase is open to the public and draws a large crowd of hundreds to 1871 for networking and an opportunity to connect with the cohort.
“Chicago has a thriving hispanic tech community. Being both a part of that community, while also having access to some of the most influential and knowledgeable partners in that space is going to set us on path for success in a way we could not have anticipated.” - Joseph Talamantez, CabDash Co-Founder
Launched in November 2016, the Latinx Incubator has graduated 36 startups from the program who have raised more than $2M in funding, generated more than 80 jobs and have gone on to participate in notable accelerators such as Techstars and Elmspring. Learn more about the Latinx Incubator at www.ihccbusiness.net/hispanictech.
About the Companies:
CabDash | Joseph Talamantez & Jeff Talamantez | An app for taxi and ride-share drivers that leverages real-time data and logistics to take the guesswork out of locating their next fare.
Comienzo Financial | Jorge Caraballo | Comienzo Financial is helping consumers eliminate the stress, complexity and work of borrowing money in emergency situations by building a platform where they can access affordable, credit-building funding.
Dish Roulette | Brian Soto & Jackson Flores | Currently a popular Instagram food blog with more than 30,000 followers, Dish Roulette is working on a platform that curates the best menu items by neighborhood to help users discover their next delicious meal faster.
In2Dance | Erica Maya, Chad LeVrouw & Andrew MacGaffey | A mobile app and online tv show that connects the public to dance venues, studios and partners.
Innovare - Social Innovation Partners | AJ DeLeon, Fernando DeLeon & Nick Freeman | Innovare's EDnovation™ platform empowers K-12 education leaders to accelerate and sustain educational improvement through the power of data and strategy tools.
M-Tech | Hananeh Esmailbiegi & Ernesto Berrum | Creators of wearable technology. Their first product is a wireless, subject-specific IoT mouth retainer equipped with various interchangeable sensors that can be used as a tool for rehabilitation, silent communication and health monitoring.
Modern Brown Girl | Gabriela Garcia | Modern Brown Girl is a lifestyle site that covers beauty, style, topics, trends, and interviews with inspiring Latinas. With a rotating editorial team of 15 contributors, Modern Brown Girl delivers content that speaks to their reader’s unique lifestyle, culture, and prevalent issues.
SubletInn | Yazan Kittaneh & Edgar Enriquez | Subletinn provides flexible housing options for young professionals with the intention of creating a close knit community experience.
Tackle AI | Joe Stecher | Tackle AI utilizes proprietary algorithms, machine learning and artificial intelligence to read, comprehend, extract and validate various data points from any unstructured document.
Universala Esports | Esteban Perez | A curriculum for young gamers across the city to develop interpersonal, leadership, and creative skill sets through esport games in mentored team environments.
XentStudios | Davinder Kohli | XentStudios creates immersive and interactive virtual reality displays for kitchen and bath retailers. Their display-as-a-service platform helps retailers increase their customer base by allowing their customers to visualize a combination of different countertop, flooring and cabinet materials.
Launched in November 2016, the Latinx Incubator has graduated 36 startups from the program who have raised more than $2M in funding, generated more than 80 jobs and have gone on to participate in notable accelerators such as Techstars and Elmspring. Learn more about the Latinx Incubator at www.ihccbusiness.net/hispanictech
IHCC empowers entrepreneurs to start and grow their businesses through the cultivation of knowledge, connections, and collaboration. Each year, IHCC supports more than 3,000 entrepreneurs with mentoring, specialized one-on-one training and networking opportunities through its 8 centers and programs, including the Center for Hispanic Entrepreneurship. IHCC was established in 1990 and is a 501(c)(6)2 not-for-profit organization. Visit www.ihccbusiness.net for more information.
1871 is the home of ~500 high-growth technology startups and ~1,500 members supported by an entire ecosystem focused on accelerating their growth and creating jobs in the Chicagoland area. Located in a 140,000 square-foot space in The Merchandise Mart, 1871 has 500 current mentors available to its members, as well as more than 100 partner corporations, universities, education programs, accelerators, venture funds and other organizations that make its extensive matrix of resources possible. Visit www.1871.com for more information.