The Latinx Incubator is a first-of-its kind partnership between IHCC and 1871. The mission of the incubator is to grow the pipeline of Latinx entrepreneurs participating in and contributing to the Chicago tech and innovation economy.
Startups selected for the incubator join 10-12 of their peers in a 3-month cohort. During the program, founders go through a rigorous curriculum to help them test their ideas and understand what it takes to develop a real product and attract customers for it. Sessions also focus on educating founders on their finances and the different forms of capital available to them. Incubator companies benefit from constant peer-to-peer feedback, one-on-one coaching, and access to mentorship opportunities.
The program culminates in two exclusive events. The first is a private pitch with key stakeholders from 1871, IHCC and the investment community. The second is a capstone Demo Day with the Chicago tech ecosystem.
Participants in the Latinx Incubator are fully immersed in the IHCC and 1871 tech ecosystem. During the course of the 12-week program, startup founders have access to:
Co-working space within 1871 and its member benefits
Tailored educational sessions and workshops to help their business gain traction
IHCC & 1871 network of mentors
Exclusive networking events and extensive public exposure
At least one co-founder must commit to attending the full 12-week program in Chicago
Startup must be a for-profit business
The product or service must have a focus on technology. Technology must be a critical component of the business model.
Preferred (not required):
A scalable product or service
An MVP or pilot (beyond idea stage)
Startup interested in becoming investment ready
IDEA: Innovative solution
TEAM: Motivated and skilled team
MARKET SIZE: Clear market opportunity and revenue potential
TRACTION: Demonstrated commitment to building a company and measurable progress
ATTITUDE: Openness to growth and interest in collaborating with peers
The Selection Process:
Applications for Cohort 6 are now open/accepted
Finalists will interview in person with 1871 and IHCC leadership
Selected startups will be notified in early September
The next cohort is scheduled to launch in mid-September
To learn more about the program, contact Liana Bran at 312.425.9500
MEET THE COHORTS
About Our Partner 1871
1871 is the home of over 500 high-growth technology startups and more than 1,500 members supported by an entire ecosystem focused on accelerating their growth and creating jobs in the Chicagoland area. Located in a 150,000 square-foot space over three floors in The Merchandise Mart, 1871 has hundreds of expert mentors available to its members, as well as more than 100 partner corporations, universities, education programs, accelerators, venture funds and other organizations that all work towards our collective mission of making Chicago the best city in the world to start a business. Visit www.1871.com for more information.