CARIBBEAN-Trinidad-based company among finalists of LAC competition

WASHINGTON, CMC -A Trinidad and Tobago-based company is the lone Caribbean country selected from among 15 15 women-led companies established in the call for the WeXchange Women STEMpreneurs Competition 2023

The Inter-American Development Bank (IDB) said that SmartTerm is an education management platform that digitizes schools and facilitates a stress-free environment for teachers and students.

It said that the finalists would present their solutions at WeXchange 2023, the platform of the innovation laboratory of the IDB Group, IDB Lab, which connects STEM (science, technology, engineering, and mathematics) entrepreneurs from Latin America and the Caribbean with mentors and investors.

WeXchange 2023 will take place on June 13-14 in Bogotá, Colombia, as part of IDB Lab Forum, the IDB Group’s flagship innovation and technology event.
The IDB said that the competition received over 340 applications from 25 countries with solutions in tech, health tech, fintech, software as a service (SaaS), biotech, climate tech, tech, and e-commerce.

AVP Ventures, a venture capital fund, led the selection process involving 65 investors from 40 Latin American and Caribbean funds.
”The selected companies will participate in the Startup Academy, Google for Startups’ micro-acceleration program, connecting them with technology, digital marketing, leadership, and capital-raising experts.

“ In addition, the selected entrepreneurs will present their businesses to venture capital investors and key players in the innovation ecosystem in Latin America and the Caribbean at IDB Lab Forum,” the IDB said.

The other finalists are from Argentina, Uruguay, Peru, Colombia, Bolivia, Chile, Ecuador, and Mexico.