Goal is to promote startup market
Itaú Unibanco and Redpoint e.ventures announced the launch of Cubo, a non-profit technological entrepreneurship center located in Vila Olímpia, in the south of São Paulo, with more than 5 thousand square meters of area, which will hold about 250 residents, up to 50 startups, and infrastructure to offer entrepreneurial education content for those interested in the topic.
In addition to the coworking environment, the multidisciplinary space has an auditorium for 130 people, a cafeteria, rooms for courses and a space for events on the roof of the building.
“The union of forces between Itaú and Redpoint e.ventures makes Cubo a new way of promoting the technological entrepreneurship market in Latin America, making it more innovative and transforming for the whole society”, explains Ricardo Guerra, executive director of Itaú Unibanco. “To this end, the initiative will support from advanced stage digital startups to entrepreneurs who need encouragement to get their idea off the ground with quality infrastructure, networking and entrepreneurial education content.”
"We are very excited about the launch of Cubo and the milestone it represents. Supporting the development of the ecosystem is an important part of our mission at Redpoint. In addition to being a new pillar and meeting point, we are confident that Cubo will mark the beginning of a new, more accelerated and collaborative phase in our market. Now no one can hold back this group of entrepreneurs”, says Anderson Thees, founding partner of Redpoint e.ventures.
The initiative proposes transformations for the sector on different fronts and the offer of coworking space for digital startups is just one of them. Residents will have the support of mentors specialized in the most diverse topics and Cubo will also offer an entrepreneurial education platform that provides workshops, lectures and promotion of events for entrepreneurs and those interested in the sector.
Itaú will be the maintaining partner and main provider of funds for Cubo. The startup selection and entrepreneurial education activities will be curated by Redpoint e.ventures, and will be carried out by the company's team of experts.
Itaú and Redpoint e.ventures will use their relationship networks to leverage the businesses of digital startups that pass through Cubo, and Redpoint will also use its expertise to bring international know-how, offering quality content, best practices and tools for market.
Cubo's proposal is to make a thorough selection of startups that offer relevant technological solutions for the market they are intended for and that have a great capacity for transforming society. Points such as market performance, execution capacity, reach of scale, and offering value to other residents will also be considered.
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