Startup Factory
Our Startup Factory model is the first of its kind. We don’t wait for great startups to find us. Instead we look for an obvious inefficiency in the market, then build and fund a company to address it.
Our current portfolio
walopay
WaloPay is an escrow service and digital transaction platform for secure peer-to-peer payments
fondimex
A platform that gives companies quick access to cash through invoice factoring and verification
easylex
Platform to fully incorporate a company online and personalize legal documents in minutes
Want to work with us?
Our Startup Factory model is the first of its kind. We don’t wait for great startups to find us. Instead we look for an obvious inefficiency in the market, then build and fund a company to address it.
Take a step-by-step tour of the process
#1 Identify the opportunity
We research traditional industries in Mexico and LATAM that have historically under-invested in technology and identify “low hanging fruit” opportunities – where a small amount of technology could have large impact.
#2 Validate the Opportunity
We work with business leaders in these sectors to validate both the problem and the solution and pre-negotiate license agreements with them as users/customers.
#3 Create / Fund the Company
Once we’ve removed the product-to-market risk, we create a company, invest a modest amount of money into it, and install it within Agave Lab for six months of incubation.
#4 Go to work
Using our in-house design/development team we immediately go to work on the product. We recruit an executive team and provide them with intensive, daily, hands-on mentoring.
#5 Recruit and Cross-Train the Team
Throughout the 6 month incubation period, we recruit developers to the project and they mirror, 1-for-1, the members of the Agave Lab team.
#6 Get to Market Quickly
Our goals are to launch the first product within 4 months and achieve profitability within 6 months. By this point the company has a product, customers, revenue, and a stable foundation to build on.
the last step
#7 Spin It Out and Go Back to Step One
The company moves out of the incubator and into its own facility ready to take on the world. We stay involved with weekly check-ins but are free to start on the next one.