Village Capital

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

  1. ABOUT THE PROGRAM
  2. ELIGIBILITY
  3. PROGRAM TIMELINE
  4. FREQUENTLY ASKED QUESTIONS
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About the Program

Lee en español

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.  

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Eligibility

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:

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Disaster Preparedness

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.

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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

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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.

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Financial Resilience

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.

Benefits

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Mentorship

Opportunities to network and receive mentorship from potential investors, strategic partners, founders, and business leaders.

Connections

Connections

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.

Pen and pencil

Training

Join interactive sessions tailored to help their startup identify early milestones and prepare for their next round of capital (if relevant).

Talking

Advice

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.

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Exposure

Exposure on Village Capital’s program website and other communications collateral.

Best in class

Peer-Selection Grant

The top two (2) startups selected by peers will receive grant capital of USD $10,000 to support their operations. 

Advisory Board

Nalleli García
Nalleli García
Sustainability and CSR Director, MetLife México
Carlos Domínguez
Carlos Domínguez
CEO & Co-Founder, Carbono3
Eddie Ajalcriña
Eddie Ajalcriña
CEO & Founder, Redesign Lab
Konrad Fernández
Konrad Fernández
Head of Scouting, Chile Ventures
María Inés Miranda
María Inés Miranda
Co-Founder, WISE
Sébastien Masson
Sébastien Masson
General Manager, Schwabe Pharma
Varinka Farren
Varinka Farren
Executive Director. Hub APTA
Agostina Martino
Agostina Martino
Project Scouting, Antom.la

Learn more about mentoring with Village Capital.

Program Timeline

Applications Open

January, 2023

Applications Close

February 9, 2024

Cohort Selection

February - March, 2024

Virtual Workshops & In-Person Program Summit

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

Frequently Asked Questions

1. What is the main goal of the program?

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2. Do you take equity for participating in the program?

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3. How many companies will be accepted to the program?

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