Grupo Assa Launches Parabolt to Incubate Innovative Enterprises

Parabolt will support around 120 entrepreneurs over the next three-year period and create more than 350 jobs, investing about US$10 million dollars across three portfolios.

Parabolt

Latin American IT consultancy Grupo Assa has launched a business accelerator called Parabolt, which it says will help regional entrepreneurs incubate innovative ideas and transform them into digital products.

Bringing innovation to the market is the chief objective of the incubator, said the consultancy, which intends to support around 120 entrepreneurs over the next three-year period and create more than 350 jobs.

Parabolt will invest US$10 million in three of its units. One of them will dedicate itself to developing digital products that drive business transformation, while the other two will build up a cohesive entrepreneurial ecosystem and focus on innovative platforms for corporations.

“Knowledge services have an important entrepreneurial capacity — lots of talent and innovation,” said Maxi Cortés, COO at Grupo Assa.

“In this context, Parabolt is a platform that integrates universities, science, small- and medium-sized businesses, technological partners, and the public sector in order to contribute to the development of the business in Latin America.”

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US technology giant Microsoft has agreed to support Parabolt in helping regional firms harness technology.

“It aligns with our mission of making a difference by creating social and economic value in order to continue empowering the companies to exploit the opportunities inherent in digital transformation,” said Diego Bekerman, General Manager of Microsoft Argentina.

Found in 1992, Grupo Assa runs about 11 delivery centers with a total workforce of more than 1,400 people.

“At Parabolt, we understand transformation: It’s in our DNA, potentiated by Grupo Assa’s 25 years of experience,” said Martín Wagmaister, who heads up business at Parabolt. “We continue to build value links and to heighten innovation and the entrepreneurial spirit.”

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