San Antonio Mx Challenge

San Antonio Mx Challenge

The San Antonio Mx Challenge is an 18-month contest starting September 2014, with a single prize of $500,000 to one winner. The challenge is to build a bridge between Mexico and San Antonio for technology entrepreneurs that benefit both nations. Contestants will create activities and programs to build this bridge that encourages collaborations of entrepreneurs, startups and the growth of young companies.

Mexico - An Entrepreneurial Country

Mexico is the second largest economy in Latin America and one of the United States’ biggest import/export partners. By the year 2050, it is predicted that Mexico will be one of the top ten economies in the world.  Mexico is a nation on the rise. The Mexican government is investing millions of dollars in its higher-education system to teach technical skills and entrepreneurism. Plus it is funding thousands of startups through hundreds of sponsored incubators, accelerators and consortiums.

San Antonio - The Ideal Place for Mexican Tech Entrepreneurs

San Antonio is a city on the rise. The city is a Mexican-friendly community and a gateway to the US market and access to a matured and robust venture capital system. San Antonio is a sprouting technology hub becoming known for the nation’s largest cyber-technology community outside Washington. It has one of the largest bio-tech communities. The city is the headquarters of Rackspace, one of the world’s largest cloud hosting companies. San Antonio is home to Geekdom, the sponsor of this contest, which is expanding to a new 8-story facility that boast 800 entrepreneurs and 200 startups.

For more info - MxChallenge@geekdom.com

RSS
Download Challenge Guidelines English

Updates

MUSEIC
April 11, 2014

On April 23rd - 25th, MUSEIC, The Mexico United States Entrepreneurship and Innovation Council, will be taking place in San Antonio. 300 people from the US and Mexican governments will be gathering and working on programs to promote our unique geographical situation and cross-border advantages that come with it. 

The San Antonio Mx Challenge will have a booth at this council to promote the mission of the challenge and to increase awareness of it. This is an awesome opportunity right in our own backyard!

Blog

Acaso haz escuchado del MUSEIC?

El MUSEIC es un consejo que fue firmado por la Secretaria de Economia de Estados Unidos y el INADEM, Instituto Nacional del Emprendedor,  para incrementar la relacion que existe en las industrias de Tecnologia e Innovacion entre Estados Unidos y Mexico y fomentar el desarrollo de empresas pequeñas y medianas en ambos paises.

El MUSEIC esta fomentando actividades que soportan el desarrollo de emprendedores y startups.

Proximamente en Abril se va a tener un evento del MUSEIC en San Antonio. Asi que mantente al pendiente para que no te pierdas ningun detalle!

Para mas informacion,

  1. http://www.state.gov/e/eb/cba/entrepreneurship/museic/rpts/221245.htm
  2. http://www.sre.gob.mx/en/index.php/archived-press-releases/2098-first-meeting-of-the-mexico-united-states-entrepreneurship-and-innovation-council-museic-n

Por Jesus Salas

What is the Challenge?

The San Antonio Mx Challenge is an 18-month contest starting September 2014, with a single prize of $500,000 to one winner. The challenge is to build a bridge between Mexico and San Antonio for technology entrepreneurs that benefit both nations. Contestants will create activities and programs to build this bridge that encourages collaborations of entrepreneurs, startups and the growth of young companies.

Contest Outcomes

For the Mexican startups the outcome is a soft-landing in the American market to access venture capital and/or expand to the American market. For the individual tech entrepreneur, it’s an opportunity to learn the American system or participate in startup exercises and activities; a chance to network and collaborate with a larger community, which increases the probability of right idea and right team. For the Mexican incubator or accelerator its an opportunity to enlarge their ecosystem and increase the attraction of venture capital, higher level of mentors and possibly corporate sponsorships. For education organizations its an opportunity to expand student entrepreneurs' knowledge and experiences. 

Geekdom’s reason for putting up this $500,000 prize is the hope to find innovators and/or organizations that can intertwine Geekdom into the entrepreneurial ecosystem of Mexico to increase its own volume of entrepreneurs, startups and young growth companies. This will result in more deal flow and activities that attract more venture capital, more mentors and more corporate sponsorships. It is an opportunity for both nations. As these bridges become solidified, it’s an opportunity for Mexican and American entrepreneurs and companies to connect to generate ideas, expand resources, grow business and thus build stronger cities and nations.

What you can do to help build the San Antonio entrepreneurial network

You can take on this Challenge by participating, spreading the word, and by following the progress of the challenge on this site. There will be opportunities throughout the Challenge to learn about the teams and their progress, as well as to make suggestions and comments and to even propose the next challenge. Be sure to sign up to receive updates from the site and check out some of the other resources and events going on in San Antonio.

Winning Criteria 

The San Antonio Mx Challenge will help to turn San Antonio into a world-class tech ecosystem by awarding $500,000 to the individual, team or organization that creates and implements a repeatable model for assisting Mexican tech companies to open active offices in San Antonio.

The Challenge is open to Individuals and Teams globally, however the impact must be focused between Mexico and San Antonio. Individuals and Teams wishing to participate in the Challenge must complete Registration.

Teams will be judged and scored in two key areas:

  1. Market Validation = 40% of total score

  2. Sustainability = 60% of total score

At the end of Year 1, Teams are required to submit information on their progress to date, as detailed in the Challenge Guidelines. Year 1 will be scored from March 1, 2014 to February 28, 2015 and submissions are due on March 16, 2015. Team scores will be tabulated and posted on the Challenge Leaderboard by April 1, 2015.   

Teams will be required to submit final reporting and data for the entire Challenge at the end of Year 2 (March 15, 2016). Judging will happen only once, at the end of Year 2.

 

Market Validation

Market validation demonstrates a Team’s ability to attract Mexican tech companies to open active offices in San Antonio.

Teams should build a portfolio of Mexican tech companies they are attracting to open active offices in San Antonio. The Mexican tech companies can be at varied stages of development:

  1. Business plan, only

  2. Funded, at a minimum of $25,000

  3. Generating revenue, at minimum of $25,000 (over 1 year)

  4. Generating revenue, at minimum of $250,000 (over 1 year)

At the end of Year 2, each company in a Team’s portfolio will receive Market Validation points based on a scoring table. The points will be tallied and the Team with the highest number of points will receive a perfect score of 100. The score for each subsequent Team will be calculated on a curve based on the number of points achieved.  For more details on the scoring table and Market Validation requirements, see the Challenge Guidelines.

Market Validation accounts for 40% of the Total Team Score.

 

Sustainability

Sustainability demonstrates a Team’s ability to repeat, update, and improve their model to attract new companies to San Antonio. It also demonstrates a Team’s ability to encourage these companies to stay in San Antonio and grow their operations.  

The winning Team will score the highest on a points-based system that measures: 

  1. total number of Mexican tech companies that they attract,

  2. total combined revenue of those companies each year over two years,

  3. sustainability of those companies, and 

  4. sustainability of their model.

At the end of Year 2, each Team’s portfolio will receive Sustainability points based on a scoring table. The points will be tallied and the Team with the highest number of points will receive a perfect score of 100. The score for each subsequent Team will be calculated on a curve based on the number of points achieved. For more details on the scoring table and the Sustainability reporting requirements, see the Challenge Guidelines.

Sustainability accounts for 60% of the Total Team Score.

The Team with the highest Total Team Score will be the winner of the San Antonio Mx Challenge.

 

Operating Costs

Individuals and Teams are responsible for their own operating costs during the Challenge. You are responsible for compiling all data and information required for submission at the end of Year 1 and at the end of the Challenge. Individuals and teams are responsible for obtaining any required visas and for paying any travel expenses to the San Antonio Mx Summit.

 

San Antonio Mx Summit and Judging Panel

The San Antonio Mx  and Judging Panel will be held in San Antonio, Texas. Individuals and Teams must adhere to all laws and regulations regarding travel to San Antonio.

 

Judging Panel

Five highly qualified individuals will be selected to serve on the Judging Panel. The Judging Panel holds responsibility for evaluating all Individuals and Teams against the winning criteria and the guidelines and rules for the Challenge. They will have the sole and absolute discretion in selecting the Challenge winner. Decisions are final, binding, and will not be subject to change.

 

Challenge Guidelines are subject to change. Registered competitors will receive notification when changes are made, however, we highly encourage you to visit this page often to review updates.

Download Challenge Guidelines English

Key dates and milestones for the San Antonio Mx Challenge include:

  1. Individual Registration 
    Individual registration opens on January 15, 2014. During this stage, individuals will register for the Challenge, find team members, and begin to work towards the Challenge goals. Every person who wishes to compete in Challenge must complete their Individual Registration. To participate in the San Antonio Mx Summit, all individuals must be registered for the Challenge by September 15, 2014.  

  2. San Antonio Mx Summit 
    Registered competitors are invited to participate in the San Antonio Mx Summit on September 16, 2014. Entrepreneurs and innovators from across Mexico and San Antonio will come together to showcase the city of San Antonio. The event will feature high-profile keynote speakers and smaller breakout sessions where competitors can tackle challenges with invited experts and mentors, and join forces to build stronger teams.

  3. Team Registration
    Team registration opens on September 16, 2014 during the San Antonio Mx Summit. Teams may include 1 or more registered competitors, with a Team Leader and Team Name. You may change your Team members, re-assign your Team Leader, and add additional Team members until the Team registration deadline on January 14, 2015. No changes to Teams will be permitted after this date. Individual competitors, without any additional teammates, may also continue forward in the Challenge upon completing Team Registration.

  4. Year 1 Submission and Leaderboard
    At the end of Year 1, Teams are required to submit information on their progress to date, as detailed in the Challenge Guidelines. Year 1 will be scored from March 1, 2014 to February 28, 2015 and submissions are due on March 16, 2015. Team scores will be tabulated and posted on the Challenge Leaderboard by April 1, 2015.

  5. Final Submissions/ Judging
    Final submissions are due on March 15, 2016 and will be reviewed by the Judging Panel. Teams will be given an opportunity to make a short presentation to and answer questions from the judges.

  6. Announcement of Winner
    After assessing all submissions against the two scorecards, a winner will be selected. The winner will be announced on May 4, 2016

Event Date
Challenge Opens
Individual Registration Opens
January 15, 2014
San Antonio Mx Challenge Summit September 16, 2014
Team Registration Opens September 16, 2014
Final Registration Deadline January 14, 2015
Year 1 Reporting March 16, 2015
Year 1 Leaderboard Announced April 1, 2015
Final Submissions Due March 15, 2016
Judging Panel Presentations April 13-14, 2016
Announcement of Winner May 4, 2016

 

Acaso haz escuchado del MUSEIC?
April 16, 2014
posted by Jesus Salas

El MUSEIC es un consejo que fue firmado por la Secretaria de Economia de Estados Unidos y el INADEM, Instituto Nacional del Emprendedor,  para incrementar la relacion que existe en las industrias de Tecnologia e Innovacion entre Estados Unidos y Mexico y fomentar el desarrollo de empresas pequeñas y medianas en ambos paises.

El MUSEIC esta fomentando actividades que soportan el desarrollo de emprendedores y startups.

Proximamente en Abril se va a tener un evento del MUSEIC en San Antonio. Asi que mantente al pendiente para que no te pierdas ningun detalle!

Para mas informacion,

  1. http://www.state.gov/e/eb/cba/entrepreneurship/museic/rpts/221245.htm
  2. http://www.sre.gob.mx/en/index.php/archived-press-releases/2098-first-meeting-of-the-mexico-united-states-entrepreneurship-and-innovation-council-museic-n

Por Jesus Salas

6 Datos que te van a cambiar la percepción que tienes de San Antonio, Tx.
April 2, 2014
posted by Jesus Salas
  1. San Antonio es la septima ciudad más grande en los Estados Unidos
  2. San Antonio cuenta con más de un millón de empleos altamente capacitados
  3. San Antonio es una ciudad juvenil con 150,000 estudiantes en 15 universidades locales
  4. San Antonio fue clasificada por Forbes como la No. 1 en Texas en su lista de Mejores Lugares para Negocios y Profesionales y como una de las ciudades con mayor crecimiento en Estados Unidos
  5. San Antonio ocupo el 3er lugar como area mas popular para la nueva tecnologia en Estados Unidos, segun Forbes en el 2013.
  6. San Antonio es la ciudad No. 2 en la nación en verificación y seguridad de información, después de Washington, D.C.

 

Por Jesus Salas

 

04/22/2014
"What benefits do you think that San Antonio offers to Mexican startups trying to enter the U.S. market?"
What People Are Saying
04/22/2014
Comparable cost of living to mexican cities, similar culture, established mexican society, entrepreneurial organizations welcoming mexican startups like Geekdom!!
01/16/2014
"Where are the most tech entrepreneurs in Mexico?"
What People Are Saying
03/07/2014
Mexico City of course, along with 8 million people /22 if you count the suburbs.
10/15/2013
"What do you think is the key piece of the entrepreneurial ecosystem that is missing from San Antonio?"
What People Are Saying
10/10/2013
San Antonio is a pond without enough fish.

Although SA is the 7th largest city in the US, what we lack in our ecosystem are enough people who can take potential and create.

As I walk around downtown, I see a lot of dormant buildings - buildings once booming with life. The positive side: San Antonio is changing. We want entrepreneurs in San Antonio building great things.

San Antonio is a big pond - I want more fish. More Big Fish.
10/10/2013
As I walk through Geekdom, each and every day, you just know the next great idea is being born. The hallways buzz with ways to improve our city. While ideas are a great start, the next step in the entrepreneurial ecosystem is the sale. I believe that what San Antonio entrepreneurs are lacking is a sales force driving their business forward. Today, even funding is easier to attain than a dedicated sales effort. You could have the greatest idea in town, but if you don’t sell it, it’s like a tree falling in the woods. I think the entrepreneur community should seek out expert salesmen and women to donate their time and experience to the next big idea.
10/10/2013
San Antonio has all of Daniel Isenberg’s recommended six main domains for a successful entrepreneurial ecosystem on a superficial level. These domains exist -- policy, finance, culture, support, human capital and the marketplace, but varying quantitatively and qualitatively. Being that the Alamo City has an exceptional global reputation for tourism rather than entrepreneurship, one answer may be to combine the two to fortify the domains. Persuade entrepreneurial conferences, national and international to meet here. Use that opportunity to showcase all that the community is doing (versus not doing) to foster entrepreneurship. The same strategy can be used for other segmented groups, such as women in technology and college students earning an entrepreneur degree. Have the city host special events, like an “Entrepreneur Week” to showcase all that it offers now and its plans for future endeavors. Entrepreneurs like to be at the forefront of exciting new things, and inviting them to take part of this initiative will probably be well received, especially with an invitation to “Shape This City!”
Q:
When can I register?
A:

Challenge registration is open from January 15, 2014 until January 14, 2015. Team registration opens on September 16, 2014. Final registration for the Challenge is on January 14, 2015.

Q:
How long do we have to register?
A:

Challenge registration is open from January 15, 2014 until January 14, 2015. Team registration opens on September 16, 2014. All competitors must complete both Individual and Team

Q:
How old do I have to be to compete?
A:

The Team Leader must be at least 21 years old. Additional team members must be at least 13 years old.

Q:
What is the policy on Individuals vs. Teams?
A:

Teams are defined as 1 or more registered individuals. Each Team should have a Team Leader and Team Name. Individual competitors, without any additional teammates, may continue forward in the Challenge upon completing Team Registration.

Q:
Can my school or non-profit compete as a team?
A:

Absolutely! Challenge registration is open from January 15, 2014 until January 14, 2015. Team registration opens on September 16, 2014. All competitors must complete both Individual and Team Registration by January 15, 2015.

Q:
Can I switch Teams once I have registered with a Team already?
A:

You may change your team members, re-assign your Team Leader, switch Teams, or add additional Team members until the Team registration deadline on January 14, 2015. No changes to Teams will be permitted after this date.

Q:
Do we have to pay for our own operating costs?
A:

Individuals and Teams are responsible for their own operating costs during the Challenge. Your are responsible for any expenses related to compiling all data and information required for submission at the end of Year 1 and at the end of the Challenge. Individuals and Teams are responsible for obtaining any required visas and for paying travel expenses to the San Antonio Mx Summit.

Q:
Are the Challenge Guidelines final?
A:

Challenge Guidelines are subject to change. Registered competitors will receive notification when changes are made, however, we highly encourage you to visit the Challenge website often to review any updates.

Q:
When is the last day for submissions?
A:

Final submissions are due on March 15, 2016.

Q:
Can we submit our submissions in Spanish?
A:

No. The language of the Challenge is English and all submissions must be submitted in English, only.

Q:
What is the San Antonio Mx Summit?
A:

Registered competitors are invited to participate in the San Antonio Mx Summit on September 16, 2014. Entrepreneurs and innovators from across Mexico and San Antonio will come together to showcase the city of San Antonio. The event will feature high-profile keynote speakers and smaller breakout sessions where competitors can tackle challenges with invited experts and mentors, and join forces to build stronger teams.

Q:
Where will the San Antonio Mx Summit and Judging Panel be held?
A:

Both the San Antonio Mx Summit and the Judging Panel will be held in San Antonio, Texas. Teams must adhere to all laws and regulations regarding travel to San Antonio.

Q:
When will the Judging Panel presentations take place?
A:

The Judging Panel will held April 13-14, 2016 in San Antonio, Texas. Teams must adhere to all laws and regulations regarding travel to San Antonio.

Q:
How will Teams be scored and judged?
A:

Teams will be judged and scored in two key areas: 1) Market Validation = 40% of total score and 2) Sustainability = 60% of total score. Winning Criteria and all judging guidelines are included in the Challenge Guidelines.

Q:
What if I disagree with the judging decision?
A:

By registering to compete in this Challenge you are agreeing that the judging process will be binding and incontestable. The Judging Panel decisions are final.

Q:
When will you announce the winner of this Challenge?
A:

Geekdom will announce the winner of this Challenge on May 4, 2016.

Q:
Will you write a separate check for each of my team members if we win?
A:

No. Only one payment will be made to the Team Leader. The Team Leader is responsible for distributing the winning amount to your team.

Q:
How long after the Challenge is finished are prizes distributed?
A:

Prizes are distributed within 30 days of the announcement of the winner.

Q:
Can I withdraw after the Challenge has started?
A:

You can withdraw from the Challenge at any time and for whatever reason.

Q:
Who do I contact if I have any questions?
A:

You may reach the Geekdom team at any time by emailing MxChallenge@geekdom.com.

Q:
Can I speak to someone in Spanish?
A:

Yes. You may reach the Geekdom team at any time by emailing MxChallenge@geekdom.com and someone can connect with you in Spanish.

Comments

Talk about the Challenge, ask questions, and find team members here.
  • Nidhi Chaudhary moderator April 18, 2014, 9:54 a.m. reply link
    @Catherine Lester
    So exciting to see!
  • Catherine Lester April 11, 2014, 10:18 a.m. reply link
    The number of Innovators keeps getting higher and higher!
  • Jesus Salas moderator April 1, 2014, 8:51 p.m. reply link
    @Jose Alfredo Garcia
    Jose congrats on start coming up your team! I would suggest you to use our tools and connect with the other registered leaders meanwhile we have our first networking event.
  • Jesus Salas moderator April 1, 2014, 8:48 p.m. reply link
    @Roman Price
    Stay close we are going to be delivering more cool videos like this one featuring mexican startups and Geekdom!
  • Roman Price March 18, 2014, 10:20 a.m. reply link
    Great video! Hats off to Geekdom. Make it happen.
  • Jose Alfredo Garcia March 17, 2014, 2:49 p.m. reply link
    anyone interested in forming a team to brainstorm?
  • Christie St. Martin Dec. 26, 2013, 8:29 a.m. reply link
    Hi there! The Team Leader must be at least 21 years old. Additional team members must be at least 13 years old.
  • Ryan Salts Oct. 10, 2013, 11:23 a.m. reply link
    San Antonio - Place of Potential - Make something of it.
  • Catherine Lester Oct. 10, 2013, 7:54 a.m. reply link
    San Antonio is an entrepreneurial city - it WILL make this happen!
$500,000
AWARDED TO THE WINNERS
STATUS
1. Define the Goal
2. Fund the Prize
3. Compete
Want to compete in this challenge?

Innovators (26) View all

Monterrey, Estado de Nuevo Leon, Mexico
Villahermosa, Estado de Tabasco, Mexico
Puebla de Zaragoza, Estado de Puebla, Mexico
Mexico City, Distrito Federal, Mexico
Mexico City, Distrito Federal, Mexico
Cholula, Estado de Puebla, Mexico
San Antonio, Texas, United States
Monterrey, Estado de Nuevo Leon, Mexico
Monterrey, Estado de Nuevo Leon, Mexico
Monterrey, Estado de Nuevo Leon, Mexico

Partners