Since 2014, UTEC Ventures is the entrepreneurship department at Universidad de Ingeniería y Tecnología (UTEC), an engineering and technology university in Peru. It is currently seen as one of the main contributors of the Peruvian startup ecosystem due to the development of five areas: events, incubator, accelerator, angel investors network, and corporate innovation services..
A U. S. Department of State’s initiative that empowers young innovators through networking, skills building, mentoring, and access to financing to develop startup solutions that address economic and development challenges.
Network of the most respected accelerators around the world, which provide startups with the resources necessary to create and grow businesses, wherever they are.
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Once a business starts, many difficulties appear. Working side by side with other entrepreneurs who are in different stages and that many times have been through the same challenges, is indeed very important.
The startups accelerated by UV have access to their mentors network, that is made up of the CEO's and general managers from some of the most important enterprises of the country.
Thanks to the university's conections, UV is capable of offering their startups access to some of the biggest peruvian companies.
To initiate a startup implies also asumming every administrative procedure generated by this. UV takes care of some accounting, financial and legal processes that distracts them from their main goal.
UV counts with 300 m2 of workspace which is used by its staff and the accelerated startups. The space is appropiately equipped with a meeting room, a coffee room, restrooms for both men and women, high speed fiber optic internet and more perks, which allows the projects' constant development.
The possibility to attract and aquire investors for startups is enhanced by the activities that UV developes as accelerator.