A new business accelerator has recently emerged in Mexico with the aim of helping young technology entrepreneurs polish and refine their ideas. The aptly named Hustlers Academy offers registrants advice on business modeling, management, sales, product design, marketing and growth hacking, as well as presenting workshops for scrum, UX, KPIs for startups, and product launches.
Hustlers Academy is closely supported by a several Mexican business that have already been successful in their ventures, including Tundra Communications, Propiedades.com, Wayra Mexico, Kueski, Atlantia Search, and Zmart. The incubator kicked off its first training program last month, signing up around 25 young Mexican entrepreneurs from across the country.
According to figures from the National Institute of Statistics and Geography (INEGI), nearly 80% of startups close before their first birthday, most often due to a lack of financing and training. In discovering that Mexican startups possessed a lack of expertise in marketing and business innovation, with many more struggling to make their mark in the fiercely competitive globalized marketplace, Hustlers Academy made it their mission to change that.
So, the founders gathered together Mexican mentors with deep experience in startup topics, who will now train the young entrepreneurs. The ultimate goal of trainers is to inspire young entrepreneurs and prepare them for the future business world.
According to a report from CCTV America, the academy is already in the process of expanding: “An internship program for people with no professional experience is in the works, and next year, the school will start a program that will focus on female entrepreneurship.”
Thanks to a growing college educated workforce, rising number of venture capital funds, and its proximity to Silicon Valley, Mexico is ideally positioned to continue developing into a global technology hub, and, with initiatives like Hustlers Academy, the startup steamroller in this country will only get stronger.