Sinergia Tech Secures $500k to Launch Latin America’s First Hardware Accelerator

Uruguay—renowned for its art‑deco architecture and vibrant culinary scene—is positioning itself as a leading tech hub.

Sinergia Tech has raised $500,000 to launch the continent’s inaugural hardware accelerator. The firm, a recognized leader in technological development, digital fabrication, and prototyping, will provide a unique ecosystem for aspiring hardware startups.

See also: Readwrite Labs launching their new incubation program

Based in Montevideo, the accelerator plans to fund nearly 500 tech startups, focusing on IoT, smart cities, smart agriculture, and smart hemp. Selected startups will receive investments ranging from $25,000 to $100,000.

Montevideo is poised to become a melting pot for tech leadership, thanks to its highly sought‑after talent pool, open market, and stable social, legal, and political environment.

First Cohort: 20 Startups

Sinergia Tech will select 20 finalists for the inaugural batch, aiming to advance 5 winners through the program and support their international expansion. A network of 15 local mentors and over 80 international experts will provide tailored guidance and personalized feedback.

Participants will gain access to state‑of‑the‑art equipment—including laser cutters, 3D printers, CNC routers, circuit printers, cutting plotters, and traditional tools—as well as robotics and electronics gear.

Beyond establishing a hardware accelerator, Sinergia Tech seeks to empower young entrepreneurs, enabling them to realize their dreams and inspire others to embark on entrepreneurial journeys.

For more information, visit Sinergia’s website.