Latin America has great potential to be the cradle of global business and in this scenario the agreement between the IDB fund and the Company Builder, ThalesLab, is very good news for the region.
The announcement had already been made at the opening of the 26th GeneXus Meeting and was formally made last week with the aim of supporting the creation of spin-offs related to digital transformation.
"We decided to make this alliance with ThaleLab to promote quality jobs and because it has the support of a large community of GeneXus developers who can push the digital transformation that we are currently experiencing," explained Ana Castillo, MIF Senior Specialist.
"ThaleLab is a timely proposal for the digital revolution," says Sylvia Chebi, who together with GeneXus CEO Nicolás Jodal, leads this new model of company builder. "Company Builders are models explored in advanced technological ecosystems to pilot ideas and create companies. They are led by entrepreneurs who, due to their recognized trajectory, attract other entrepreneurs and together create a new company, to which they provide capital, technological advice and experience". ThalesLab's proprietary model is inspired by the best practices of world-renowned accelerators.
With this agreement, the IDB seeks to strengthen and promote the development of innovative technological ventures through ThalesLab by deepening support for startups, training for entrepreneurs and innovation in corporations.
About ThalesLab
ThalesLab is a Company Builder created to support startups and promote corporate entrepreneurship through the creation of technology spin-offs, bringing together experts in different industries with cutting-edge technology. With just over 2 years of operation the Uruguayan accelerator launched more than 20 startups and spinoffs: Okaratech, AppsIn5, Dimo, Apdif, HopCLip, GrowApps, OpiTrends, TributApp, Kikapp, Teliot, Futbol X, PreciosUy, Deappoco and Genai Labs, among others. The Company Builder is creating cutting-edge technology together with its startups (Virtual Reality, blockchain, Artificial Intelligence, IoT Fintech, AgTech, etc.).
About GeneXus
GeneXus™ is the cross-platform, knowledge-based, model-driven software development environment used by more than 8,500 companies to create data-driven business software that runs on servers, desktops, and the Internet, as well as mobile devices. Its agile and fast methodology allows to automate the processes that demand more time and resources for the development, maintenance, integration and modernization of business applications and software systems. GeneXus™ has been the enterprise software platform of choice for more than 25 years because of its ease of user adoption of new technologies quickly. Its unique approach to creating flexible applications (based on modeling, generating and iterating), combined with extensive support for current and legacy programming languages and databases, makes GeneXus™ an ideal tool for users looking to bridge the gap between their IT infrastructure and new technologies.
GeneXus, founded in 1988, has its headquarters in Montevideo (Uruguay), offices in Brazil, USA, Japan, and Mexico, and is also present in 45 countries in Africa, Asia, Europe, Oceania and the Americas.
About the MIF
The Multilateral Investment Fund is the innovation laboratory for the Inter-American Development Bank Group. It conducts high-risk experiments to test new models for engaging and inspiring the private sector to solve economic development problems in Latin America and the Caribbean.
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