Mexico has made significant achievements in entrepreneurship in recent years, owing to its strategic location, the size of its market, and its advantageous trade deals. Nestled between the United States and Central America, the country has become a Latin American entrepreneurship hotspot, drawing in talent and foreign investors. Aiming to strengthen the city's startup ecosystem, many programs have been established to catalyze the development of startups in the country.
In this article, we have compiled a comprehensive list of startup incubators and accelerators in Mexico. They have been subdivided into applicability for startups in their 'ideation', 'launch', or 'growth' stages, so whichever stage you're in, you would be able to find a program that suits you!
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FULL LIST OF STARTUP INCUBATORS AND ACCELERATORS IN MEXICO
Ideation Stage Startup Incubators in Mexico
The complete list of ideation phase incubators in Mexico:
Who is it for: Aspiring entrepreneurs with an idea and seeking cofounder
Need to have an idea: Yes
Focus: Multiple Sectors
Startup México is Mexico's foremost organization in the promotion of innovation, entrepreneurial culture, and economic growth on a local and global scale. Bridging the innovation and economy engine between Latin America and other developed markets, they assist entrepreneurial projects in the region to access various support programs and financial opportunities. They offer pre-incubation, incubation, and acceleration activities on various topics and sectors.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
IncubaMás is an INADEM-certified incubator that fosters the growth of ideas by providing them with the resources they require to become extraordinary businesses. They conduct an incubator with various training and mentoring opportunities with the main goal of promoting the founders' entrepreneurial attitude and enhancing their business skills in various business functions. They offer a mentoring service to assist with the progress of consolidating the firm and advise founders on areas such as technical and financial feasibility studies, designing a business proposal, and implementing the business plan.
Who is it for: Aspiring entrepreneurs with an idea and seeking cofounder / Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
With operations around the globe, Impact Hub is a brand that is renowned among entrepreneurs and startup founders. As an innovation platform, they provide various services and infrastructure for founders to grow their ideas and businesses. At Impact Hub Mexico City, they initiate various projects, including an incubator program that will help startup to take a structured approach in building their businesses. This includes advising in areas of business model development, value propositions, client and market needs, prototyping and concept validation, fundraising, and more.
Who is it for: Aspiring entrepreneurs with an idea and seeking cofounder
Need to have an idea: Yes
Focus: Sector Agnostic
UVM Incubator is an initiative of Universidad del Valle de México to assist the whole UVM community and support the entrepreneurial spirit to create and accelerate innovative businesses. They provide business acceleration services to entrepreneurs who want to build their firms with individualized planning meetings, during which each entrepreneur defines their strategic objectives and areas of opportunity in order to establish an action plan. They also offer assistance in areas such as business consulting, legal consulting, design and marketing, business training, financial consulting, company image, and fund management, in addition to acceleration.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
To promote creativity, entrepreneurial culture, and the growth of new firms, StartupLab MX offer various programs that assist entrepreneurs in the creation and development of innovative products and firms. Their d0A1 Incubation Program (from zero to one) is the starting point for new firms, where they will equip you with the essential framework to convert your business idea into a firm, obtain financing, and validate your business strategy.
The 4-month program focuses on identifying and validating consumers, products, and markets via mentorship, workshops, and specialized services for entrepreneurs.
Who is it for: Aspiring entrepreneurs with an idea and seeking cofounder / Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
Posible is an entrepreneurship program that will help you build a scalable and high-impact firm. They have a number of programs that will provide you with the training, resources, information, and contacts you need to expand your ideas and effectively launch your company. For instance, their Posible Co-op program is aimed at cooperatives and groups that are seeking training to obtain new skills and grow their sales, and Posible Max is for newly-established companies seeking assistance in meeting their growth, profitability, and efficiency objectives.
Launch Stage Startup Incubators and Accelerators in Mexico
The complete list of launch phase startup incubators and accelerators in Mexico:
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: AI/ML
Google for Startups Accelerator Mexico offers Latino founders and startups in Hispanic America working in the areas of AI/ML with three months of equity-free support. Conducted by Google Developers, the program is dedicated to technology startups who will receive the best mentoring and assistance from Google's mentor network with backgrounds in AI/ML, Cloud, UX, Android & Google Play, Web, Product Strategy, and Marketing. You'll also receive training on design, marketing, and leadership, support on company and product strategy, and potential for a technical project partnership.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: FinTech
Startupbootcamp Fintech Mexico City is the foremost program supporting innovative financial services startups. They are seeking early-stage fintech startups that want to grow their products, establish a customer-base, and expand their business in Latin America. Through the three-month program, startups will receive hands-on mentorship from industry experts, office space in Mexico City, seed funding, and access to their global network of investors and corporate partners. Their corporate supporters and investment partners consist of institutions such as Visa, Scotiabank, HSBC Mexico, Banregio, IGNIA, LATINIA, Fiinlab powered by Gentera, EY Mexico, and White & Case.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: FinTech, HealthTech, Sustainable Food
With the objective to advance the potential and development of the Latin American ecosystem, MassChallenge Mexico runs equity-free accelerator programs for companies and entrepreneurs across various industries and sectors. Through the 4-month program, participants will join a tailored curriculum program, mentoring, and other events to generate growth and financing at each startup's stage. They will also connect you with their ecosystem of specialists and mentors, corporate innovations, and investor network.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Green Construction, Enhanced Productivity, Construction Supply Chain, Construction’s Future is Now
CEMEX Ventures Leap Lab is an accelerator program that encourages, assists, and promotes entrepreneurs who want to accelerate the development of their solutions in the construction industry. Utilizing CEMEX's resources and industry experience, startups may receive mentoring with CEMEX professionals, workshops with exclusive industry insights from renowned speakers, and assistance in validating their solutions via fully-funded pilot opportunities. With a strategic presence across continents and in 96 nations, you'll receive unrivaled access to CEMEX' resources, relational capital, and network to accelerate your growth.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Healthcare, IoT, Virtual Reality, Artificial Intelligence, Augmented Reality
Aiming to become a game-changer for startups, Blossom Accelerator adds value to startups by providing them with solid innovation support, mentoring, international exposure, and access to their diverse investor network. Their acceleration program is based on a proven methodology that covers areas such as intellectual property, technology, pitching, financial modeling, legal, business, fundraising, leadership, and project management.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Multiple Sectors
New Ventures is a venture capital group that accelerates, funds, and connect impact-driven individuals with resources that'll help them develop their firms. They organize a number of acceleration programs that help expand firms that are solving society's most critical concerns in various areas.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Multiple Sectors
CATAPULTA is the entrepreneurial center of Banking and Commercial School. They encourage the entrepreneurial culture and the formation and expansion of developing startups. They offer a variety of programs that is suitable for your individual startup journeys. Through their 8 years of tenure, they have assisted over 6,000 entrepreneurs by inspiring them through real startup stories, providing them with knowledge and skills, and accelerating them to the next level.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
Orion Startups is an acceleration program that will assist startups in launching their firms in the Latin American market. Located at the Orion Technology Park, startups can be a part of and benefit from one of the best ecosystems in the country. Their network includes investors, mentors, scholars, Orion Startups Alumni, governments, and many more who will help you in every aspect of your company development. As part of the program, they will help you identify any gaps in your business model and validate your business idea until you reach problem-solution-match. They do provide an investment of USD 30,000 in exchange for 10% equity.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Technology
Startup Baja is northern Mexico's first venture builder that is dedicated to helping entrepreneurs turn their ideas into real businesses. Acting as a startup co-founder, they offer support and tools and work with entrepreneurs to develop new products and services, establish teams, and expand as independent businesses. Aside from venture building, they also run various training programs, including the #RetoE program that'll help you to design, construct, and expand your businesses to the next level. The program's goal is to help entrepreneurs improve their creativity, ingenuity, vision, and management skills, as well as to find the networks that will support them in taking their initiatives to the national and international levels.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Technology
Through their investment initiative, Somos Lucha, 500 LatAm invests in Latin American startups and assists them in laying the groundwork for rapid growth. Through a 4-month program, they will provide you with the tools and assistance you need to build your professional skills as a founder and accelerate the growth of your business. They will also invest USD 80,000 and provide you with training, pitching opportunities, and investor exposure to help you raise your next round of funding.
Growth Stage Accelerators in Mexico
The complete list of growth stage startup accelerators in Mexico:
Who is it for: Early startup with a team / Mature startup with a team
Need to have an idea: Yes
Focus: Multiple Sectors
Through collaborative innovation with startups, Finnovista alters the financial and insurance sectors. They run a number of startup programs, including the Fintech 2023 program that will provide an opportunity for startups to expand into new national and international markets and connect them with potential investors. They also organize startup pilot programs to guide your company towards collaborating and piloting with corporate partners.
Who is it for: Early startup with a team / Mature startup with a team
Need to have an idea: Yes
Focus: Technology
TechBA will assist you in catalyzing your business development outside of Mexico. They encourage companies that serve the local market to enhance their global vision, enter, and compete in international markets. Through the program, entrepreneurs will investigate and manage potential obstacles and real-world situations that exist in the foreign market with the aid of ongoing mentorship and specific support based on each company's focus areas. You will also gain access to their network of international consultants and specialists to smoothen your path to international waters.
Closing Thoughts on Joining a Startup Accelerator or Incubator in Mexico
Mexico shows a promising future for startups. As Latin America's second-largest market, startups in Mexico have a significant presence. Coupled with a network of free trade accords such as the USMCA and the Pacific Alliance, the country's fast-growing marketplaces have seen an increase in the flow of foreign investments. Joining a startup accelerator or incubator can get you closer to this network of investors and other corporate partners that can help you grow your startup further.