Founded in 2013 by the Multilateral Investment Fund, the innovation lab of the IDB Group, WeXchange seeks to unlock the potential of women entrepreneurs.
Every year WeXchange organizes an annual forum and with only three years running, it has gathered nearly 500 entrepreneurs, mentors, investors and experts from 17 countries.
WeXchange offers women entrepreneurs networking and mentoring opportunities, access to investors, and the Pitch Competition - a business competition that rewards the region’s most dynamic and innovative woman entrepreneur.
This year WeXchange will be focused on women entrepreneurs in STEM (Science, Technology, Engineering and Math).
The forum will be held in Buenos Aires, Argentina on November 14-15, as part of Demand Solutions, an event that brings together the most creative minds in the world to discuss innovative solutions to development challenges in Latin America and the Caribbean.
In 2012, the Multilateral Investment Fund implemented a new mandate to apply a gender lens in all of its operations. In doing so, the MIF Early Stage Equity Team decided to take an entrepreneurial approach going forward.
They crowdsourced some wisdom and after phone calls with women entrepreneurs, investors, mentors, and people from the industry, a clear focus for the intervention emerged: female entrepreneurs had a unique need for strengthening their networks.
Armed with over 17 years in the venture capital industry in Latin America and the Caribbean, the MIF Early Stage Equity Team had the international network to make this happen.
Partnering with NXTP Labs and Ellas2, the team created WeXchange and its first edition was held in Miami, 2013.
NXTP Labs has developed and implemented an innovative accelerating program which provides young entrepreneurs with seed funding plus infrastructure, training, interactive marketing services, and access to a top-notch network of mentors across Latin America, the US and Europe. It is an investment fund which focuses on technology startups that are pursuing global or regional opportunities in Latin America.