The Global VC

500 Startups and Innovate Peru Partner to Scale Early Stage Startups in Peru

The program is conducted entirely in Spanish and taps 500’s global network of mentors, leveraging those with a deep understanding of LatAm market penetration and global expansion.

Article image
500 Global Team

500 Global Team





It’s no secret that we believe startups are a powerful driver of innovation and economic development. In addition to our commitment of backing diverse founders around the world, you’ll often hear us talking about “ecosystem building” as a key pillar of what we do. But how do these programs and partnerships create meaningful global impact? Our latest partnership with Innovate Peru is just one example of how a program can have exponential impact on a startup ecosystem. 

Innovate Peru is the Peruvian government agency in charge of increasing business productivity by strengthening the players in the innovation ecosystem (companies, entrepreneurs and support entities) and facilitating relations among them. Our newly forged relationship is designed to support two of those key stakeholders: the entrepreneurs and the support entities, specifically  the 26 accelerator networks that currently exist in Peru. In addition to training seed-stage startups in the region, we’ll also be training local accelerator managers through our BAM (Bootcamp for Accelerator Managers), unlocking the potential to tap hundreds more founders beyond this program.

With applications having launched on April 29th, the fully virtual ACELERA Perú by 500 Startups program will welcome up to 50 participants to our two-week Foundations of Growth bootcamp. The top 20 startups from the bootcamp will then move on to receive six additional weeks of programming and coaching before presenting their ventures at one of our Digital Demo Days. Applications for the program will close May 30, 2021.

This program will be conducted entirely in Spanish and tap 500’s global network of mentors, leveraging those with a deep understanding of LatAm market penetration and global expansion.

“Our engagement with Innovate Peru will enable us to fuel the growth of the Peruvian ecosystem by bringing world-class programming that’s highly contextualized and tailored to meet the needs of the Peruvian market. We have seen startups build their business and exit, such as Cinepapaya which sold to Fandango, and we are excited to see more successful cases,” says Bedy Yang, Managing Partner at 500 Startups.

In parallel to the accelerator program, BAM will be accepting two participants from each of the 26 accelerators and incubators across Peru. This program will equip them with a playbook of attracting top-talent and successfully managing their own accelerator programs, enabling future generations of Peruvian founders to succeed at scale.

Interested in learning more about the Accelerator program and BAM? Visit the ACELERA Perú by 500 Startups website.


500 Startups programs (including accelerator programs), investor education services, strategic partnership consulting services and events are operated by 500 Startups Incubator, L.L.C. (together with its affiliates, “500 Startups”) and the funds advised by 500 Startups Management Company, L.L.C. do not participate in any revenue generated by these activities. Such programs and services are provided for educational and informational purposes only and under no circumstances should any content provided as part of any such programs, services or events be construed as investment, legal, tax or accounting advice by 500 startups or any of its affiliates.

The views expressed here are those of the individual 500 Startups personnel, or other individuals quoted and are not the views of 500 Startups or its affiliates. Certain information contained herein may have been obtained from third-party sources, including from portfolio companies of funds managed by 500 Startups. While taken from sources believed to be reliable, 500 Startups has not independently verified such information and makes no representations or warranties as to the accuracy of the information in this post or its appropriateness for a given situation. In addition, this content may include third-party advertisements or links; 500 Startups has not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, tax or accounting advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation, offer to sell or solicitation to purchase any investment securities, or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by 500 Startups. (An offering to invest in an 500 Startups fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by 500 Startups, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. 

Charts and graphs provided herein are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Unless otherwise expressly stated, figures are based on internal estimates and have not been independently verified. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. All logos and trademarks of third parties referenced herein are the logos and trademarks of their respective owners and any inclusion of such trademarks or logos does not imply or constitute any approval, endorsement or sponsorship of 500 Startups by such owners. 

Please see Section 2 of our Terms of Use for additional important information.

500 Global Team

500 Global Team