- Candidate companies will receive both cash infusion and technology resources
- Companies selected for the program must be focused in Big Data or Artificial Intelligence technology
- Investments will range between $50,000 and $200,000
Medellin, Colombia (Wire Services) February 1, 2019
GITP Ventures, a private equity firm based in Panama, announced today that the company has launched a new accelerator program with Medellin-based technology startup Oiga Technologies. The program official launched on January 1st, 2019.
Oiga Technologies is a software services firm with an international group of veteran software developers and data scientists. Oiga’s team, while based in Colombia, is comprised of just under 100 software developers from 12 different countries including the United States, Canada, France, China, Argentina among others.
“This accelerator fulfills my dream of both bootstrapping young pre-revenue companies with early stage investment while getting our hands dirty and leveraging our deep understanding of cutting edge technologies, ” said Michael Puscar, founder of both GITP Ventures and Oiga Technologies. “AI technology is not just making an enormous impact on our world, it very well could be the technology that defines our future.”
Puscar said that he has already funded three startups through the accelerator program and hopes to add a fourth before the end of the first quarter. In total, GITP and Oiga hope to invest in more than a dozen startups.
Accelerator investments include both a cash infusion and technology resources. The average investment size is expected to be about $150,000. IPSUM Clinical, another GITP Ventures company based in Medellin, will enter the accelerator program as well.