The Ruta N Acceleration program was created in an effort to support startups from Medellin. The accelerator was designed to enable the participating entrepreneurs to effectively scale their businesses. Apart from the training, each startup is a recipient of grant funding.

The program was co-executed by Seedstars and Genie LATAM, in partnership with Ruta N and Centros del Valle del Software. Rutanio is involved in the program as the provider of the blockchain technological infrastructure and tokens that facilitate the distribution, execution, and traceability of the resources provided to the startups.

The initiative kicked off in October 2021 in Medellín with a goal to support eighty companies, accelerating their growth and contributing to the city’s growing development and economic reactivation. The results of the program are 75 companies supported, 150 entrepreneurs participated, and over 600 hours of startup training activities provided.

In January 2022, the best thirty teams out of the eighty received a $1,200 grant each. Recently, six startups were selected from the cohort to receive a second round of additional resources through a follow-on grant funding of $12,000. These grant prizes are to be provided by Rutanio, the program’s blockchain platform partner. The six startups chosen are as follows:

Wakypet - Wakypet is an app for services for pets at home, such as walkers, trainers, veterinarians, sitters and bathing and grooming.

Agenxia - A platform that allows you to transform your brand into digital business.

Alfi - Provide financial education in the format of a game, easily connecting people with the financial world.

iMometrics - iMometrics allows you to take monitor temperature and view them from any device, reducing energy costs and improving the quality of your products.

DomesticApp - DomesticApp is a technological platform that connects providers and consumers of home services, immediately, through an application

Healthchain - Manages the lifecycle of patient records and streamlines the lifecycle of medical bills.

To learn more about these startups and the program, you may visit the website here: https://seedsta.rs/3v09hhR

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ABOUT GENIE LATAM

Génie LATAM seeks to accelerate the growth of all the organizations: from the small entrepreneur located in the Colombian Amazon to the large multinational company.

ABOUT RUTANIO

Rutanio accelerates and connects local innovation ecosystems with the world. Internationalizes and accelerates the innovation ecosystem, providing the world with a simple, transparent and reliable way to access the resources and capabilities of the innovation ecosystem through a Blockchain platform, a digital token and a marketplace.

ABOUT SEEDSTARS

Seedstars is a Swiss-based private company with a mission to impact people’s lives in emerging markets through technology and entrepreneurship. The group’s activities cover over 90 emerging ecosystems through a variety of initiatives such as the FTxSDG Challenge, previously known as the Seedstars World Competition, which is the largest entrepreneurship competition in emerging markets; Seedstars Programs that are designed to support entrepreneurs in varying stages of growth via training, education, mentoring, and access to resources; Seedstars 01, a talent incubator providing digital skills and startup-based immersive education for the next generation of changemakers; Seedspace, physical coworking spaces and hubs located in 15 countries; and Seedstars International, a global venture capital fund for seed-stage startups. For more information, visit www.seedstars.com.

CONTACT

If you would like more information, please contact Michaela Villaroman at [email protected].