What is expected of my startup when participating in the program?
We expect commitment and participation of at least one of the founders throughout the program. Furthermore, your startup must use the financial support received to adapt its products or services to the needs of financial institutions and/or producer organizations in rural areas.
Do I need to be present in any of the 6 countries during the program?
This is a remote program, so it is not essential that you are present in any of these countries. However, your startup must have a clear strategy to reach and serve end customers in rural areas of any of these countries.
If my startup isn’t serving people in rural areas, can it participate in the program?
Yes. Your startup can participate in the program if it has a solution that can be adapted to users or customers in rural areas and has a genuine interest in commercial expansion into this target population. Any startup that can solve any of the current challenges of the agricultural sector in any of the participating countries can apply to the program.
Do we need to have a company (legal entity) in any of the program countries to participate?
Yes. The program is designed to boost startups that are operating in any of the six program countries and have a company there. It is essential that your startup has a legal entity established in Bolivia, El Salvador, Guatemala, Haiti, Honduras, or Mexico, before May 31, 2022.