On March 27th, the Illinois Hispanic Chamber of Commerce (IHCC) and 1871 welcomed the twelve startups that make up Cohort 5 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 twelve startups range in industry from biotech to food tech. The program will culminate with the founders taking the stage for a capstone pitch demo day in June. 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.
Liana Bran, program director at IHCC and cohort 5 incubator lead shared, “IHCC is excited to welcome another group of diverse and talented founders. We continue to be amazed by the fascinating array of companies the incubator attracts and the creative vision entrepreneurs bring in using tech to solve important problems and improve the lives of the customers they serve.”
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.
About the Companies:
3/AXIS - CEO & Founder Patrick Martinez|The 3/AXIS platform combines innovative personal finance tools with a dynamic learning environment that helps students build positive financial habits, reduce their student loans, increase their savings, and improve their financial IQ.
Acosta - Co-Founder Antonio Garcia| Acosta is a mother-son duo selling handmade business casual clothing with a Latinx flair online. Their goal is to help early-mid-career professional women with diverse body shapes feel and look confident as they take on the world.
CIND - CEO John Stringfellow & CMO Alejandra Alvira| CIND (Chivalry Is Not Dead) is a dating app that ensures quality over quantity through the traditional practice of gift-giving: you must give a gift in order to make a match. The recipient takes the full cash value of the gift and donates it to a charity of her choice.
Citispoon - Co-Founder & CEO Dapo Kolawole|Citispoon is a hospitality technology company that gets restaurant guests closer to a decision pronto and helps restaurants interact with these guests and influence their dining decisions in real-time.
Descifra - Co-Founder & CDO Rodrigo Sarmiento| Descifra delivers platforms that help customers predict a variety of outcomes such as revenue, number of clients or product/tenant mix. Descifra’s nature is to develop technology solutions that leverage the potential of “where”. Descifra has developed a SaaS (Software as a Service) platform that automates the location intelligence business problem using machine learning.
HappiLyfe - Founder & Chief HappiLyfe Officer Juan Carlos Avila|HappiLyfe is an app that empowers individuals to lead happier, more balanced and purposeful lives through self-reflection, self-awareness, motivation, and community. J
Mycocycle - Founder & CEO Joanne Rodriguez| Mycocylce facilitates the remediation of toxic constituents out of materials through the utilization of an engineered ecosystem. Our goal is to contribute to a closed loop supply chain, converting waste into non-toxic materials for reuse.
Narrative - Co-Founders Santiago Kuribreña, Joseph Schiltz, & John Trainor| Narrative offers a closed loop AI platform that uses cluster modeling to deliver hyper-segmented audiences, deep dive data for contextual customer insights, highly informed content development and continuously optimized distribution. Custom integrated dashboards bring all the complexity together giving clients clarity and ease of control over their customer and campaign journeys.
Ordena, LLC - Presidents Javier Nava & Edgar Vazquez| Ordena is an automated ordering system that helps restaurants, grocery stores and wholesalers who want to autonomously order their inventory without having to physically create or deliver their order to their vendors. Our technology will know their traffic patterns and volumes to generate orders that will then be automatically sent to their vendors for fulfillment/delivery.
Truckies - Co-Founder & Software Engineer Kristina Covarrubias| Truckies is a community designed to ease the stress of day to day trucking. For businesses, owner operators and employees.
Uniting Soles - CEO Bernardo Salazar| Uniting Soles is more than just a shoe company. It's a movement. Leading with our conscience first, we aim to share a portion from the sale of each of our shoes with organizations fighting to reunite families and change immigration policy.
ZestMama - Business Development Manager Alex Amparo & Lead Software Developer Gabriel Vega| ZestMama is an AI-powered food order management platform that enables order ahead to restaurants via text message or voice conversation and empowers restaurants to extend their client base through referrals, targeted marketing and loyalty programs.
“The environment hosted in the incubator allows development at exponential levels that will in turn, nurture opportunities not only for our company, but for all companies involved. The access to an award winning network of partners will give us exposure that we would never expect this early on. The space allows us to feed off the community’s minds, provide/ receive critical feedback and generate the momentum necessary to launch a successful tech startup. “ - Edgar Vazquez, Co-founder Ordena, LLC
Launched in November 2016, the Latinx Incubator has graduated 50 startups from the program who have raised more than $4M in funding, generated more than 120 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