1871 TO HOST DEMO DAY FOR COLOMBIAN IT COMPANIES AS INTERNATIONAL EFFORTS CONTINUE TO GROW
Colombian IT companies complete TerraBridge Internationalization Project Boot Camp with a Demo Day at 1871; Fifteen companies are latest international visitors to world’s leading technology hub.
CHICAGO (November, 2014)—1871 has played host to fifteen Colombian IT firms at The Merchandise Mart over the past two weeks as part of the TerraBridge Internationalization Project Boot Camp, a program designed to give technology businesses from emerging markets the skills and resources to expand into the United States through Chicago and 1871. The program concludes on November 21 with a Demo Day at 1871, which will allow the companies to showcase their innovative products and services to the Chicago entrepreneurial, technology, business and investment communities.
“We are excited to host the Colombian firms at 1871, and look forward to seeing their progress as they expand their businesses in the United States,” said 1871 CEO Howard A. Tullman. “1871 is constantly focused on strengthening our international presence in the technology community. With our growing range of international visitors and partnerships, 1871 is advancing Chicago as the point-of-entry to the US market for global technology companies.”
The TerraBridge Internationalization Boot Camp is produced in partnership with Proexport Colombia and the Colombian Ministry of Information Technologies and Communication. The program teaches foreign companies the skills they need to network, find clients and create partnerships to ease their entry into the US market. Week one focuses on soft skills and cultural lessons on the business norms specific to the technology world in the United States. Week two focuses on teaching these firms how to raise capital, pitch clients and investors, negotiate contracts, close sales and create a market entry plan. During the program, 1871 welcomed Sebastian Gomez, the seniormost IT and Creative Trade Official for ProColombia in the Central United States Region, to visit the TerraBridge program participants and explore Chicago’s technology community.
“The goal of TerraBridge and its ongoing Internationalization Program is to make Chicago the premier destination for the expansion of established tech firms into the US marketplace, and assisting Chicago’s tech firms in entering and accessing the large consumer economies in emerging markets,” said TerraBridge founder Greg Stevens.
Since its opening, 1871 has hosted thousands of foreign dignitaries and entrepreneurs seeking to explore the entrepreneurial and technology industries in Chicago. In June, 1871 hosted twelve international startups for the Global Innovation through Science and Technology Initiative (GIST), which marked the first time that program was held outside of Silicon Valley. More recently, 1871 hosted eight Turkish startups to participate in specialized programming, business development and a Demo Day as part of the Teknojumpp Acceleration Program. 1871 also has formalized agreements with incubators and co-working spaces in London, Tel Aviv and Mexico City. This international involvement not only highlights Chicago’s growing ecosystem for digital entrepreneurs, but also provides 1871 members with an expanding set of tools and resources so that they can remain globally competitive as they develop their businesses.
The Demo Day for the visiting Colombian firms will take place on Friday, November 21 at 1871. Those interested in attending can register at https://www.eventbrite.com/e/terrabridge-colombian-it-firms-demo-day-at-1871-tickets-14284616673.
About the TerraBridge Internationalization Project
The TerraBridge Internationalization Project is a two-week boot camp for information technology firms from emerging markets designed to give them all the skills needed to enter the US marketplace via Chicago and 1871. It is run by TerraBridge Partners, a Chicago based Internationalization Consultancy.
1871 is an entrepreneurial incubator for digital startups. Home to over 300 companies, the 75,000-square-foot facility in The Merchandise Mart provides Chicago startups with programming, access to mentors, educational resources, potential investors and a community of like-minded entrepreneurs that help them on their path to building successful businesses. Recently ranked 9th in the world in the 2014 UBI Index list of top university-associated business incubators, 1871 has become a global leader in the entrepreneurial community. 1871 is the flagship project of the Chicagoland Entrepreneurial Center.