1871
tech incubator announces partnership with Mexico City incubator
Chicago Tribune
Amina Elahi
Merchandise Mart-based tech hub 1871 announced Thursday a three-year partnership with Startup Mexico, a Mexico City-based incubator, through which the two would share resources and benefits.
The partnership goes into effect Friday, one year after Mayor Rahm Emanuel announced Chicago’s participation in the Global Cities Initiative, a joint project of the Brookings Institution and JPMorgan Chase. The program intends to strengthen economic ties among cities to promote job growth, trade and investment opportunities.
Companies from both hubs will have access to each others’ people, amenities and some events, free of charge. Howard Tullman, CEO of 1871, said his incubator likely would host a demo day for Mexican startups, as it has for other partners. Tullman said the partnership is reciprocal, with no financial component.
For 1871, the partnership is an extension of a global strategy that has led to connections with startups and incubators in London, Tel Aviv and Ankara, Turkey. Tullman said the Global Cities Initiative pushed him toward a relationship with Mexico City that he said would have happened regardless. Tullman mentioned Brazil as another target for 1871 partnerships.
Tullman and 1871 COO Tom Alexander attended a launch event for Startup Mexico in Mexico City on Thursday morning. Startup Mexico offers 3,500 square feet of facilities, including coworking space, for entrepreneurs, venture capitalists and corporate partners.
Tullman said major Mexican cities are ready for U.S.-based startups. He cited the prevalence of Uber in Mexico City and the popularity of social media there as evidence of a serious tech environment. Chicago companies could lead the Mexican tech industry, where technical skills lag the U.S., he said. He expects particular interest in Mexican inroads from 1871’s currency and payments-systems-focused startups.
Proximity to the U.S. also helps Mexico, Tullman said.
“People talk about India or China from a volume standpoint,” Tullman said. “But in terms of really being able to drop your business or solution into major economies, those are a lot more challenging than countries that are adjacent to the U.S.”
Chicago Tribune
Amina Elahi
Merchandise Mart-based tech hub 1871 announced Thursday a three-year partnership with Startup Mexico, a Mexico City-based incubator, through which the two would share resources and benefits.
The partnership goes into effect Friday, one year after Mayor Rahm Emanuel announced Chicago’s participation in the Global Cities Initiative, a joint project of the Brookings Institution and JPMorgan Chase. The program intends to strengthen economic ties among cities to promote job growth, trade and investment opportunities.
Companies from both hubs will have access to each others’ people, amenities and some events, free of charge. Howard Tullman, CEO of 1871, said his incubator likely would host a demo day for Mexican startups, as it has for other partners. Tullman said the partnership is reciprocal, with no financial component.
For 1871, the partnership is an extension of a global strategy that has led to connections with startups and incubators in London, Tel Aviv and Ankara, Turkey. Tullman said the Global Cities Initiative pushed him toward a relationship with Mexico City that he said would have happened regardless. Tullman mentioned Brazil as another target for 1871 partnerships.
Tullman and 1871 COO Tom Alexander attended a launch event for Startup Mexico in Mexico City on Thursday morning. Startup Mexico offers 3,500 square feet of facilities, including coworking space, for entrepreneurs, venture capitalists and corporate partners.
Tullman said major Mexican cities are ready for U.S.-based startups. He cited the prevalence of Uber in Mexico City and the popularity of social media there as evidence of a serious tech environment. Chicago companies could lead the Mexican tech industry, where technical skills lag the U.S., he said. He expects particular interest in Mexican inroads from 1871’s currency and payments-systems-focused startups.
Proximity to the U.S. also helps Mexico, Tullman said.
“People talk about India or China from a volume standpoint,” Tullman said. “But in terms of really being able to drop your business or solution into major economies, those are a lot more challenging than countries that are adjacent to the U.S.”
1871, Startup Mexico announce partnership
Chicago Sun Times
Bill Ruminksi
Chicago incubator 1871 and Startup Mexico will work together to grow tech businesses in both cities
A partnership announced Thursday includes reciprocal membership benefits between 1871 and Startup Mexico. Startup México, based in Mexico City, houses small businesses, venture capital firms and corporate partners under one roof.
“1871 is continuing to expand its international relationships in the community of digital entrepreneurs in order to foster disruptive innovation in Chicago and on a global scale,” 1871 CEO Howard A. Tullman said in a statement. The partnership “positions Chicago as the first place where Mexican technology startups will begin expanding their businesses in the US market.”
1871 also has formal agreements with incubators and co-working spaces in London and Tel Aviv.
http://chicagosuntimes.com/news/1871-startup-mexico-announce-partnership/
Chicago Sun Times
Bill Ruminksi
Chicago incubator 1871 and Startup Mexico will work together to grow tech businesses in both cities
A partnership announced Thursday includes reciprocal membership benefits between 1871 and Startup Mexico. Startup México, based in Mexico City, houses small businesses, venture capital firms and corporate partners under one roof.
“1871 is continuing to expand its international relationships in the community of digital entrepreneurs in order to foster disruptive innovation in Chicago and on a global scale,” 1871 CEO Howard A. Tullman said in a statement. The partnership “positions Chicago as the first place where Mexican technology startups will begin expanding their businesses in the US market.”
1871 also has formal agreements with incubators and co-working spaces in London and Tel Aviv.
http://chicagosuntimes.com/news/1871-startup-mexico-announce-partnership/
1871 Goes Global in
Partnership With Mexico City Tech Hub
Jim Dallke
Chicago Inno
Chicago tech hub 1871
is creating global opportunities for its member companies in a new partnership
with a Mexico City innovation center.
1871 and Startup
México announced a partnership Thursday morning that will give companies at
both tech hubs "drop-in" membership access to each other's facility.
1871 members will be able to work out of Startup México with access to its
mentors and investors, and vice versa. 1871 CEO Howard Tullman is in Mexico
City this morning announcing the partnership with Startup México CEO Marcus
Dantus.
“1871 is continuing
to expand its international relationships in the community of digital
entrepreneurs in order to foster disruptive innovation in Chicago and on a
global scale,” Tullman said in a statement. "1871’s partnership with
Startup México positions Chicago as the first place where Mexican technology
startups will begin expanding their businesses in the US market. We are
thrilled that 1871 and Chicago will be the point-of-entry to the US market and
we are excited to work together to create jobs on both sides of the border.”
The sharing of
resources between 1871 and Startup México is part of Mayor Rahm Emanuel’s 2013
announcement of Chicago’s Global Cities Economic Partnership with Mexico City.
The agreement outlined an economic partnership to foster job growth and
economic opportunity between Chicago and Mexico City, which have been linked as
Sister Cities since 1991.
“When I signed the
global cities partnership, I expected it would be a call to action for leaders
in both cities to explore opportunities to work together and create jobs,”
added Emanuel. “I commend 1871 for this partnership, which is exactly what I
had hoped would come from this framework. It promises to have long-lasting
economic benefits for both cities and will further cement Chicago’s status as
the most hospitable city for business in the United States.”
The partnership with
Startup México will initially last three years. 1871 also has formalized
agreements with incubators and co-working spaces in London and Tel Aviv.