The StartupBootcamp (SBC) financing program arrived in El Salvador with the idea of selecting 30 emerging companies from the bitcoin and tourism industry, among others, to accelerate their growth.

Joey Moreau, SBC's chief investment officer, reported that the European firm, founded in Denmark in 2010, is now a global network of mentors, partners and investors that offers support to scale startups from different industries.
So, attracted by the regulation that is friendly to the bitcoin ecosystem, StartupBootcamp is in the Central American nation with an investment fund of USD 3.5 million to promote Salvadoran startups.
All selected startups must be focused on offering functional solutions to address specific issues in the blockchain, Web3, fintech, and energy industries.
In the same way, they will classify the enterprises that offer services with applied technology in the tourism, agriculture (agritech), food (foodtech) and real estate (proptech) sectors, according to El Salvador media reports.
As the firm details on its website, the development program is focused on startups from various industries that operate in several European countries and in the rest of the world. And in Latin America, it promotes more than 30 Fintech projects, including companies from Mexico.
"Beyond FinTech, the program is also open to startups with innovations in AI (Artificial Intelligence), big data, RegTech (technology focused on regulation), security, blockchain and IoT (Internet of Things), which can be adapted for finance and insurance clients," the firm adds.
As pointed out by Joey Moreau, El Salvador is on the way to becoming a technology hub for the region. Not only due to its favorable regulatory framework for the development of blockchain projects, but also due to investment programs such as those launched by StartupBootcamp, which "will have an impact on the entire Central American region in the medium term."
"With the firm we want to enter the market to play an important role in the growth of the ecosystem of technology companies, which in order to grow need investors, mentors, experts and talent that will gain momentum with them," added Moreau.
The manager estimates that the startup acceleration program could begin in El Salvador at the end of this year, after the selection processes of the technological ventures that apply are completed.
The program includes growth strategies for startups, as well as support to market the products or services of their already consolidated businesses.