The SGB Sector in 2017

Capacity Development: Central America and Mexico

Mexican ventures applied to accelerators for the network and mentorship opportunities

The GALI report Acceleration in Mexico: Early Impacts on Mexican Ventures examines application and follow-up data from 318 Mexican ventures operating that applied to one of 15 accelerator programs in Mexico. The study found that it is not uncommon for entrepreneurs to attend more than one accelerator program in Mexico, as a third of ventures in the sample had been previously accelerated. The data suggests that previously accelerated ventures enter programs with significantly higher revenue, yet experience nearly no growth on average. On the other hand, those being accelerated for the first time enter with much smaller revenue streams but experience a considerable increase. In terms of investment, previously accelerated ventures experience significantly more equity growth on average.

In order to add value to the entrepreneur experience, Mexican accelerators will need to further differentiate the benefits of these programs [8].