Five Chicago startups selected for Google Latino Founders Fund
Summary
The goal of this fund is to increase economic opportunity for promising Latino startup founders in the US, who receive a disproportionately low percentage of investment.In an effort to close the opportunity and wealth gap for Latinos, Google has launched a set of programs designed to open the doors to funding, training for the digital economy and empowering communities.In addition to the $100K in cash, recipients will also receive hands-on programming and support from Google, deep mentorship from technical and business experts, access to free mental health therapy, as well as a vibrant community of fellow founders. We plan to use Googles support to scale our technology to help us reach millions of lives in senior living using cultural programming as a way to tackle social isolation.ONEBIT Omar Hernandez founded ONEBIT to help independent business owners make smarter financial decisions by providing valuable insights from their sales and expense data in one mobile-friendly platform.As a business owner himself, Omar has worked for a number of companies and industries ranging from digital marketing agencies, non-profits, and tech startups. Inspired by his mother, who worked in the food and beverage industry for the last 30 years, Omar built the ONEBIT application after hearing the many problems that small businesses face when keeping track of and managing resources.The Google for Startups Latino Founders Fund means a lot to us, itll allow my team and I to continue our work to help local businesses in our community make better, more-informed financial decisions, says Omar Hernandez, CEO & founder of ONEBIT.The support will be used to develop new product features, hire technical talent, and help us expand to other cities in the U.S. Route Ricardo Regalado founded Route to empower the cleaning industry by giving the SMB the power of tech to make data driven decisions to not only start but grow and scale their business.Route is the first to digitize the sales process from walkthrough to bid to proposals all on the same platform plus many more features. Ricardo started in the commercial cleaning industry 9 years ago with his Wife, Dad, Aunt and Cousin but quickly realized he wanted to grow and scale his business. Ricardos mission is to create jobs and help the everyday blue collar hard working American to earn a living while making a positive impact on his colleagues and team.The Google for Startups Latino Founders Fund means that all of our hard work, blood, sweat and tears have been recognized and noticed, says Ricardo Regalado, Founder and CEO of Route.The support will be used for a number of things such as payroll, marketing, development and maybe to pay myself $1 finally after 2 years of barely getting by in sheer grit and determination!
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