Jalisco Launches FARO Program to Strengthen Companies and Enterprises

Jalisco Launches FARO Program to Strengthen Companies and Enterprises

To contribute to the consolidation, strengthening, and promotion of companies and enterprises of any economic sector in Jalisco, SICyT launched a call to participate in the FARO program.

The program, launched by the Ministry of Innovation, Science and Technology of Jalisco (SICyT,) consists of training courses, personalized support, acceleration and cycles of innovation culture events that will be awarded through scholarships divided into three modalities.

Modality A is a training and support program aimed at university students or people with entrepreneurial ideas, entrepreneurs with projects in the validation stages, as well as micro, small, and medium-sized companies, will provide 1,150 scholarships.

Nora Martin Galindo, General Director of Innovation, Business and Social Development of the SICyT, explained that this modality has a duration of four months of training consisting of four sessions, one per month.

Molidad B consists of an Acceleration Program that will provide follow-up and scaling to 150 startups, and 100 MSMEs in traction stages, and will last for three months, a period in which 30 hours will be taught divided between bootcamps, support cycles, and laboratories.

"This program is for people with ventures or startups that already have their first sales or that have companies with growth potential and investment attraction," said Martin Galindo.

Finally, Mode C consists of the granting of 500 scholarships for university students and people with entrepreneurial ideas or with projects in the validation stage interested in attending open innovation cultural events. These events will take place from September to November of this year.

The venues for training, personalized support, and innovation events will be in the following locations: Guadalajara Metropolitan Area, Ocotlán, Zapotlán el Grande, Zapotlanejo, Cocula, Arandas, Tamazula and Mascota.

This call will be valid until October 31, 2021 or when all scholarships are exhausted. For more information: gobjal.mx/FARO