Terms and Conditions
You can apply as long as the application process is open, there are two batches per year. The first round of applications is open until Friday, April 22, 2022. To apply click HERE.
The program is completely free, plus the entrepreneur will receive a monthly payment for his or her dedication to the project.
To find the best talent to develop ideas around mobility. We are looking for great entrepreneurs who want to develop their ideas as part of güil. The güil Company Builder will help you in the creation of disruptive mobility startups, as we seek to build the largest mobility ecosystem in the world and position ourselves as a player in the mobility of the future.
Absolutely, at güil Mobility we believe in talent, which means we can invest in you before you have a co-founder and a company set up.
The ideal is for the entrepreneur to be full-time in the program, however, during the first part of the program, which has a duration of 2 months, we are more flexible. For the following stages, exclusive dedication is required. We know that building a successful business requires a full-time commitment. For this reason güil offers financial support from day one.
- Application form:
Entrepreneurs who apply must fill out an application form that will be hosted on the F6S platform.
The projects selected in the form will be summoned to a meeting in order to deepen and validate the background information provided in the form, in addition to being able to meet the entrepreneurial team.
- Creation Committee:
The entrepreneurs who have advanced after the second filter will make a final pitch of 5 minutes, followed by a time for questions. For this, an email will be sent to those who have qualified for this stage, detailing the points to be addressed in the presentation.
Within the applications form, up to 3 ideas will be selected to participate in our program, which has a duration of 2 months. If they continue to advance, the entrepreneur and their idea enter our Company Builder process, which consists of 3 subsequent stages. Each stage includes the help and guidance of güil Mobility.
Research & Discovery (Open Enrollment for founders): A 2 month process in which the entrepreneur is prepared to strengthen the business model, understanding the needs of the users, as well as discovering the unknown, to be able to provide solutions to problems that users still have. A member of the güil business design team will support week by week in the leveling of the projects for the gate (presentation of the project). In this accompaniment will be reviewed areas of opportunity, pains and insights that gave life to the initiative. In addition, the entrepreneur will have access to the güil ecosystem, participating in meetings with experts in mobility, technology and talent, as well as meetings with other entrepreneurs, prospective investors and mentors.
At the end of this process, the entrepreneur must present to the Creation Gate Committee, which will decide whether or not the entrepreneur continues in the program. The committee will select 2 projects.
MVP Development: 4-month process in which the entrepreneur must form his team and develop his minimum viable product (MVP), taking into account the desirability, feasibility and viability of the product or service.
A budget of USD 140,000 will be granted for this stage. At the end of this process, the entrepreneur must present to the Creation Gate Committee, which will decide whether or not the entrepreneur continues in the program. The committee will select 1 project.
Product Market Fit: A 5-month process to adjust the product to the market and evaluate the profitability of the company, knowing if the product meets the needs of the people, for which a budget of USD 300,000 will be granted. At the end of this process, the entrepreneur must present to the Creation Gate Committee, which will decide whether or not the entrepreneur continues in the program.
Scale Development: A 10-month process with the objective of expanding, reaching new markets, new clients and improving their innovative products, with a budget of USD 600,000. At the end of this process, the entrepreneur must present to the Creation Gate Committee, which will decide whether or not the entrepreneur continues in the program.
güil Mobility funds you as an individual from day one, and when you form the company, we are your first investor. To start with, during the first stage of the program we will pay USD 1,800 gross per month per person, for a maximum of 2 founders. During the following stages of the program, you will receive a salary up to USD 3,650 gross per month per person, for a maximum of 3 founders.
Access to mentors and/or entrepreneurs from the güil Mobility network . Mentors must support, direct and provide feedback to the selected ideas in order to strengthen the business model, with monthly meetings lasting 2 hours for a period of 8 weeks, where they will write down through minutes, the focus of work, established commitments, recommendations and upcoming work meetings.
Subject matter experts:
Participants will have access to experts with in-depth knowledge in specific subject matters such as: mobility, finance, legal advice, marketing, technology experts, human resources, among others. Those selected will have access, in total, to 6 hours per month with the experts.
The selected ideas will be supported by the Business design team, who will be in charge of conducting periodic strategic follow-up meetings in order to identify gaps and opportunities, supervise the fulfillment of an initially defined work plan, manage key networks necessary for the achievement of results. For güil Mobility the autonomy of the teams is extremely important and in no case is it intended to hinder internal processes.
Access to Content and Tools:
Access to content and tools necessary to create a startup. The idea is to make available to our entrepreneurs entrepreneurial practices that are key to success.
Potential Financing & Investment:
If an entrepreneur completes the entire program, the total amount invested in the startup by güil will be USD 1,000,000.
The founding team will have 30% of the startup for their time and dedication to the project, without the need to invest money. This 30% will be granted within a period of 3 years, from the moment external capital is raised.
Yes, given the importance of confidentiality for the participants regarding their projects, the Organizing Committee establishes a guideline of behavior regarding the confidential nature of the business, which each party is obliged to strictly comply with. In other words, all startups selected for the acceleration process will sign an confidentiality agreement.
Yes you can, if you were not selected you can apply for the next batch, as we do two per year. Also, although you are applying to the “Open Enrollment for founders” program, there is the possibility that your profile fits for another ongoing program, so the invitation is to review the various initiatives on our website.