Innovation, the desire to start a business and to have a profitable idea do not stop despite the pandemic. That is why the Technological Institute of Buenos Aires (ITBA), with the support of MIT (Massachusetts Institute of Technology) Sloan Latin America Office, will announce this afternoon the three winners of the fourth edition of the contest 100K LATAM that seeks to promote the development of startups with the capacity to generate impact in the region and promote economic, social and / or environmental development in its community.
The contest received in the 2021 edition projects from fifteen countries in the region (Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Honduras, Mexico, Panama, Paraguay, Peru, Uruguay and Venezuela), which were divided into three categories according to the degree of maturity of the idea: Pitch , Accelerate and Launch.
Each of the projects was supervised throughout the 3 months of competition by 400 jurors, among which entrepreneurs, academics and businessmen stand out. Divided into three categories, it will award more than $ 100,000 in prizes to the winners. The grand final will be held online today at 7:00 p.m. in Argentina from the official website: www.100klatam.org.
The engineer Sebastián Mur, Dean of the ITBA School of Innovation and President of the Evaluation Committee of 100K LATAMHe highlighted: “We are very proud of the social and environmental commitment of the 15 finalist projects. We believe that all of them have great potential to generate a real impact in Latin America and the Caribbean ”.
Finalists by categories:
Launch: This category seeks to support ventures with a higher degree of development. The first prize will receive US $ 55,000 and the finalists: US $ 5,000 (each). Among the finalists are:
-Photio (Chile), It consists of an additive for paints, asphalt, plastics and concrete, which provides decontaminating properties from a technology that uses solar radiation as an energy source to replicate the photosynthesis process.
-Quelp (Chile), is a foodtech of innovation and biotechnology based on algae. They work directly with collector communities through fair prices, achieving responsible management of the natural grasslands of these organisms.
-Ecomm-App (Argentina), an online platform that helps small and medium-sized merchants in Latin America to increase their sales over the Internet, manage their inventory in real time and invoice all their orders in a massive way in seconds.
-Innova Space (Argentina), a startup from Mar del Plata that proposes to launch the first Constellation of Low Cost Pico Satellites in Latin America to give access to communications around the world for Internet of Things devices.
-WAS Company (Mexico), Its objective is to generate and integrate solutions with high social and environmental impact, with a technological base, focused on the construction industry.
Accelerate: This category seeks to support ideas or ventures in the development or first sales phase. The first prize will receive US $ 20,000 and the finalists: US $ 2,000 (each). Among the finalists are:
-Bottleyes (Ecuador) seeks to reduce the environmental impact of the production of plastic bottles by creating affordable glasses with excellent characteristics made from said materials, thus democratizing visual health.
-ArejaBus (Brazil), a project that consists of a hybrid ventilation system that uses the movement of the buses themselves to improve the thermal sensation and air quality for users of urban public transport.
-Microcycle Biotechnology (Brazil), presents a sustainable solution to oily industrial waste, from mixtures free of genetic modifications obtained from natural environments, allowing the reuse of decontaminated water in internal processes of the company.
-Wheels Med (Colombia), an initiative that designs and manufactures electric mobility devices for people with disabilities to improve their mobility and quality of life.
-CKAPUR (Argentina), a product that allows to increase the yield of crops in a sustainable way and enables sowing in degraded soils, from microorganisms that promote plant growth in more extreme conditions. In this way, the use of agrochemicals is reduced, thus contributing positively to the environment and promoting sustainable agriculture.
Pitch: The purpose of this category is to support ideas or ventures in the initial phase of development. Give US $ 5,000 to the first prize and US $ 1,000 to each of the finalists:
-Smoothie Bowl (Peru), consists of the development of a biotechnological process applied to plants, which allows fats and carbohydrates to be transformed into high-quality proteins for the production of highly nutritious and accessible foods.
-Neuroflav (Argentina), It consists of a synthetic compound derived from natural products capable of improving different aspects of neurodegenerative diseases of the drugs that are currently available on the market.
-Present Chemistry (Argentina), proposes a simple process to produce an increase in the added value to the soybean husk, obtaining components of various qualities that can be used both in the paper industry, construction, food, cosmetics and even in the pharmaceutical industry.
-Munay (Bolivia), a venture designed to provide support to entrepreneurs who do not have access to financing. It seeks to connect, through a digital platform, a community of entrepreneurs, kumpitas (donors) and ñañays (female volunteer specialists) –
-Fungipor (Argentina), producer of alternative containers and packaging to polystyrene, made under a biotechnological process with mycelium of fungi and discards from agribusiness, 100% compostable.