The multicorporate investment fund Kamay Ventures is bringing its Kamay Code program to São Paulo, with the aim of nurturing and strengthening ties with the region’s technological ecosystem and talent. The event, which will take place on August 22, 2023, at CUBO, offers free admission, although spaces are limited.
The fund calls for startups seeking to tackle contemporary corporate challenges and who are willing to compete to develop Proof of Concepts (POCs) with industry giants such as Coca Cola Latin America and Grupo Arcor.
The event will feature a series of keynotes, panels, and workshops aimed at fostering dialogue around the latest business and technology trends and opportunities. Startups are invited to present their proposals to overcome the challenges posed in five key areas of the consumer goods industry value chain.
Those selected will have the opportunity to participate in an exclusive workshop the following day, where they can work on the POCs of their projects with the help of top-tier companies.
Gabriela Ruggeri, Managing Partner of Kamay Ventures, expressed her excitement about this year’s new additions and highlighted the success of the event’s first edition, where four startups were selected to carry out their POCs with Coca Cola Latin America and Grupo Arcor. She confirmed that the event will take place in Mexico City this year, and in Bogota, Colombia, in 2024.
As part of its comprehensive offer, Kamay Ventures provides companies not only with financial investment, but also continuous training, spaces for networking, and business development opportunities in collaboration with allied corporations. This creates a project testing and validation ecosystem and offers startups an inside view of the challenges of working on a large scale.
You can register for Kamay Code here!" data-image-caption="
Latin American Unicorns. (Source: (Startupeable)" data-medium-file="https://i0.wp.com/contxto.com/wp-content/uploads/2023/07/Unicornios-Latinoamericanos.png?fit=240%2C300&ssl=1" data-large-file="https://i0.wp.com/contxto.com/wp-content/uploads/2023/07/Unicornios-Latinoamericanos.png?fit=614%2C768&ssl=1" decoding="async" >
Why is it important for startups in the region?
- The ecosystem in Latin America has matured in recent years. In 2018, the region had only two unicorns, and currently has more than thirty.
- According to the Corporate Venture Capital and its impact report, prepared by Opinno Research Institute (ORI) and ‘MIT Technology Review in Spanish’, of the 32 large companies interviewed, 90% bet on Corporate Venture Capital (CVC), a form of financing that allows large corporations to enter into the capital of startups to finance their development.
- As with Kamay Venture, the report indicates that CVCs invest in fintech, sustainability, IT, AI, and early-stage startups.