ADAPT: Social Innovation for a More Resilient Future, LatAm 2024
An initiative to support impact-creating and underrepresented founders around economic resilience in Latin America
About the Program
Approximately 192 million Latin Americans do not have access to healthcare services due to financial limitations. In addition to the region’s latent lack of access to financial and health services, it has been historically affected by climate change, natural disasters, health inequity, and food, energy, and economic insecurity. These factors contribute to a workforce lacking access to education and sufficient income, perpetuating the poverty cycle.
The second iteration of ADAPT: Social Innovation for a More Resilient Future in Latin America will support impact-driven startups developing bold solutions that enable equity, democratize access, and strengthen communities and individuals in the face of climate change, inequality, and other challenges to individual and community wellbeing.
This year’s initiative will focus on supporting 8 to 10 initiatives that are working towards social resilience, prioritizing startups led by or serving women, as well as any founder who has lacked the opportunity to pursue higher education in the past. Village Capital and MetLife Foundation’s goal is to support those who have been marginalized or have had less access to resources to scale.
Eligible startups must:
Have legal incorporation and operations as a for-profit entity in at least one Latin American country, with a particular focus on recruiting on countries identified as priorities for MetLife (Brazil, Chile, Colombia, and Mexico).
Have a market-based solution that tackles the challenges for financial resilience, disaster preparedness, and health and wellness in Latin America.
Have one full-time founder and an executive team based in Latin America.
Be in compliance with local fiscal and business law.
Have a minimum viable product (MVP) and raised less than $1M in equity.
Have meaningful customer or business validation (not limited to revenue; it can also be successful pilot studies, number of users, and/or strategic partnerships).
Types of startups we are recruiting:
Focused, but not limited to, natural disaster recovery solutions that can help community leaders prepare for and recover from climate-related and other natural disasters.
Health and Wellness
We’re interested in startups that offer new and innovative ways to deliver services equitably, democratize access and reduce biases in health services, and build a more efficient and affordable healthcare system
Access to Education
We are interested in startups working on increasing access to educational services, offering resources to upskill the working population, or working on solutions to digitize resources.
We look for solutions that seize opportunities for improved financial security by equipping communities with the right tools to have a savings plan and to access financing when needed.
Opportunities to network and receive mentorship from potential investors, strategic partners, founders, and business leaders.
Build deep connections with other founders in their cohort and the larger Village Capital investor and alumni network. Participate in mock board meetings with representatives from relevant institutions, corporations, and investors.
Join interactive sessions tailored to help their startup identify early milestones and prepare for their next round of capital (if relevant).
One-on-one coaching with an investment analyst focused on building a financial model, identifying unit economics, and using financial metrics to drive both their business and investor diligence.
Exposure on Village Capital’s program website and other communications collateral.
The top two (2) startups selected by peers will receive grant capital of USD $10,000 to support their operations.
Learn more about mentoring with Village Capital.
Village Capital and MetLife Foundation Put Out Call for Latin American Startups Focused on Economic Inclusion, Financial Health, and Community Resilience
Mexico City (January 8, 2023) – Village Capital, in partnership with MetLife Foundation, launched a call for applications for “ADAPT: Social Innovation for a More Resilient Future,” an accelerator program for impact-driven startups developing solutions that enable equity, democratize access to basic services, and strengthen communities and individuals in the face of climate change, economic inequality, and other challenges to their wellbeing.
Village Capital y MetLife Foundation lanzan una convocatoria para startups latinoamericanas enfocadas en la inclusión económica, salud financiera y comunidades resilientes
Ciudad de México, 8 de enero de 2023; Village Capital, con el apoyo de MetLife Foundation, abre la convocatoria para “ADAPT: Innovación Social para un Futuro más Resiliente”, un programa de aceleración para startups que desarrollan soluciones para promover la equidad, democratizar el acceso a servicios básicos y fortalecer comunidades e individuos frente al cambio climático, la desigualdad económica y otros desafíos para su bienestar.
February 9, 2024
February - March, 2024
March - May, 2024
Virtual Workshop Week 1: April
Virtual Workshop Week 2: April
Virtual Workshop Week 3: May
In-Person Venture Forum (two days): June in Mexico City