Venture Institute, an ‘innovation platform for entrepreneurs’ based in Mexico City and started Federico Antoni and Fernando Lelo de Larrea, is transforming into NUMA México after the French ‘ecosystem accelerator’ has teamed up with the former to set foot on the American continent for the first time.

NUMA raised €3 million (+€1 million in crowdfunding) last year, and has launched international programs in Moscow, Bangalore, Casablanca and Barcelona.

“We are excited about announcing our joint-venture to present NUMA México. Mexico City will be the gateway to the 400 million Spanish speaking consumer market for startups in Mexico and Latin America”, says Federico Antoni, founding partner at Venture Institute.

Applications for NUMA México’s first batch will open in April.

“Mexico shows all the signs of an entrepreneurial ecosystem on the brink of exponential growth. The team at Venture Institute has an impressive track record and is incredibly passionate about spreading the entrepreneurial mindset. Together we hope we can help the city to pass the tipping point. The connection to Europe and other growing ecosystems will give fresh market opportunities to Mexican entrepreneurs”, adds Frédéric Oru, International Director at NUMA.

NUMA’s not finished yet, as it intends to expand its global network to 15 cities during the next three years, aiming to accelerate 700 companies, and install 250 open innovation programs for corporates.

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