ADAPT Social Innovation Program

Supporting individual and community resilience in Latin America!

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About the program

Latin America is still lagging in providing financial protection to its population, as approximately 192 million Latin Americans do not have access to health care services due to financial limitations. Added to the region’s latent financial and health deficiencies, it has been historically affected by climate change, natural disasters, health inequity, as well as food, energy, and economic insecurity.

ADAPT: Social Innovation for a More Resilient Future is an accelerator for impact-driven startups developing bold solutions that enable equity, democratize access, and strengthen communities and individuals in the face of climate change, inequality, and other challenges to individual and community wellbeing.

Benefits for startups

Eligibility Benefits Mentorship (Image 2)Mentorship
Meet industry leaders, experienced entrepreneurs, and investors.

Eligibility Benefits Connections (Image 1)Connections
Build deep connections with other founders in your cohort.

Eligibility Benefits Training (Image 3)Training
Access to live and asynchronous sessions tailored to a virtual learning environment to help their companies identify early milestones and prepare for their next round of capital (if relevant) or big expansion.

Eligibility Benefits Advice (Image 4)Advice
Work with an investment analyst who will coach you 1:1 on building a financial model, identifying unit economics, and using financial metrics

Eligibility Benefits Exposure (Image 5)Exposure
Participation in a final in-person event culminating in an Investor Forum

Discount Image IconPeer Selection
Two companies will be selected by their peers to receive USD $20K in grant funding, each.

Types of startups we are recruiting:

  • Financial Health – related to emergency funding, day-to-day financial needs management, financial preparedness
  • Economic Opportunity and Work and Learning – solutions can include new routes to local tech-focused jobs, as a means of driving future job development.
  • Disaster Preparedness – related to insurtech and natural disaster recovery
  • Health and Wellness – including mental health, fitness, and access to healthcare

Eligible startups must:

  • Have legal incorporation and operations as a for-profit entity in at least one Latin American country, with a particular focus on recruiting on countries identified as priorities for MetLife (Brazil, Chile, Colombia, and Mexico).
  • Have a market-based solution that tackles economic resilience, disaster preparedness, and health challenges in Latin America.
  • Be in compliance with local fiscal and business law.
  • Have a minimum viable product (MVP), and raised less than $1M in equity.
  • Have meaningful customer or business validation (not limited to revenue, it can also be successful pilot studies, number of users, and/or strategic partnerships).

Overview

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August 5, 2022
Organizer Village Capital
Website Visit website
Targets Americas
Sectors
Fintech, Healthcare, Healthcare providers and services, HealthTech, ICT, Insurance, Sports and wellness
Partner Organization Village Capital image of Vilcap
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