A new economic pulse is set to reverberate through the ecosystem of El Salvador’s most promising start-ups as they embark on a quest for investments in New York City. From May 7th to 10th, local tech companies will connect with a wide network of investors, mentors, and industry leaders, including entrepreneurs from the diaspora.
The «New York Start-up Experience» initiative, driven by Impact Hub San Salvador in collaboration with participating start-ups, corporate enterprises, and international sponsors, aims to catalyze growth within the country’s 11 most promising start-ups. Through a series of meetings, they aspire to secure over $20 million in investments.
José Roberto Rodríguez, co-founder of Impact Hub San Salvador, emphasized that the program not only facilitates entry into the US market but also showcases the talent and innovation characteristic of Salvadoran tech start-ups. These companies operate in key sectors such as agtech, logistics, proptech, e-commerce, and fintech.
«Investing in a start-up means creating jobs, fostering economic growth, curbing irregular migration, and driving innovation,» stated Rodríguez, underlining the broader implications of supporting entrepreneurial ventures.
The journey begins with visits to various accelerators supporting Latin American start-ups aiming for global market positioning. Subsequently, an international coach will guide local entrepreneurs on leadership and growth strategies.
A pivotal event organized by Impact Hub New York will see these companies pitching their solutions and business propositions to an estimated 40 corporate investors associated with New York’s impactful scene.
The Salvadoran Ministry of Foreign Affairs, through the Consulate of El Salvador in New York and Long Island, has arranged a meeting between start-ups and over 40 diaspora entrepreneurs interested in investing in their home country.
The finale on May 10th will witness Salvadoran tech companies joining over 175 start-ups at Tech Day, an event drawing over 5,000 attendees and boasting over $230 billion in investment potential from more than 15 investment funds worldwide.
«With talent and opportunities abound, El Salvador stands at a pivotal moment where doors are opening. The founder of Tech Day expressed a desire to be part of this journey, aiding start-ups in finding the opportunities they need,» highlighted Rodríguez.
Looking ahead, Impact Hub is gearing up for the next encounter in Europe, specifically in Germany, with the support of Impact Hub Berlin and the European Union, signaling a promising trajectory for Salvadoran start-ups on the global stage.