Incutex Company Builders

What Incutex Company Builders does

Incutex Company Builders is a private Argentine company builder and startup accelerator headquartered in Córdoba, founded in 2013 by Juan Santiago (President, also CEO of Santex) and Walter Abrigo (Director General). The firm selects up to three technology startups per year for intensive co-development, investing USD 25,000–100,000 in convertible notes plus potential follow-on of up to USD 150,000 in exchange for 10–30% equity. Incutex does not build or sell software products; instead, its core offerings are the Company Builder Program, Open Innovation services for corporate digital transformation, the IncutexAcademy training programs in agile methodologies, OKRs, and lean experimentation, the Córdoba GovTech program co-run with BID Lab and the Municipality of Córdoba, a mentor network, and 500+ m² of coworking space in Córdoba. The business generates revenue through program and training fees from corporations, government, and academy clients, supplemented by long-duration equity returns from portfolio exits.

Name

Incutex Company Builders

Legal name

Incutex Company Builders

Website

https://incutex.com.ar

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Incutex Company Builders is an Argentine company builder and startup accelerator that invests USD 25K–100K in up to three tech startups annually, and runs Open Innovation, Academy training, and Córdoba GovTech programs for startups, corporations, and government.

Ownership category

akta.pro rank

Product category

Startup Acceleration and Venture Investment

NAICS

Portfolio Management and Investment Advice (523940), Other Scientific and Technical Consulting Services (54169), Educational Support Services (61171)

SIC

Investment Advice (6282)

akta.pro primary industry

Venture Studios / Company Builders (FSANAAAH)

akta.pro secondary industry

Accelerators & Incubators (Investor-Operated) (FSANAAAM)

Keywords

• Startup acceleration
• Venture capital investing
• Corporate innovation consulting
• Entrepreneurship training programs
• Company building services

Headquarters

HQ city

Córdoba

HQ country

Argentina

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Investment Returns from Portfolio Companies: Incutex invests in startups (USD 25,000-100,000 initial investment with convertible notes, plus follow-on up to USD 150,000) in exchange for 10-30% equity. Returns are realized through exits when portfolio companies are acquired or go public.
2. Open Innovation Corporate Programs: Incutex provides open innovation services to corporations, helping them collaborate with startups for digital transformation. This generates revenue through program fees.
3. Academy Training Programs: Incutex Academy offers training programs in agile methodologies, OKRs, lean experimentation, and exponential organizations to startups and corporations, generating revenue through program fees.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

Incutex is a company builder and startup accelerator that invests USD 25,000-100,000 (plus follow-on funding up to USD 150,000) in up to three technology startups annually in exchange for 10-30% equity, while also providing mentorship, coworking space, and acceleration programs. It additionally sells corporate open innovation services, operates the Córdoba GovTech program with public-sector partners, and delivers training through IncutexAcademy covering agile methodologies, OKRs, and lean experimentation.

Product overview

Incutex Company Builders is a services company operating as a Company Builder, Startup Accelerator, and Open Innovation partner. Its core offerings consist of: (1) the Company Builder Program that invests USD 25,000-100,000 in up to 3 technology startups annually; (2) Open Innovation services for corporate digital transformation; (3) IncutexAcademy providing training in agile methodologies, OKRs, and lean startup; (4) the Córdoba GovTech Program in partnership with CorLab and BID Lab offering bootcamp, incubation, and acceleration tracks; (5) Mentorship services; and (6) Coworking facilities in Córdoba. Incutex does not develop or sell software products; rather, it provides acceleration, investment, training, and corporate innovation services to the startup ecosystem.

Differentiator

Problem solved

Functional benefit

Brands

• Córdoba GovTech: Program of bootcamp, incubation and acceleration for govtech startups in partnership with CorLab, BID Lab and the Municipality of Córdoba.
• Incutex Academy

Products and services

• Company Builder Program Core investment program selecting up to 3 technology startups per year, providing USD 25,000-100,000 in seed capital (plus up to USD 150,000 follow-on), strategic knowledge, mentorship, workspace, network access, and board advisory support to build high-impact technology ventures.
• Open Innovation (Corporate)

Quantifiable outcome

• 27+ startups invested and accelerated to growth
• +3 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Municipality of CórdobacoreStrategic or Co-development PartnerStrategic partnership through CorLab for the Córdoba GovTech program. Incutex delivers bootcamp, incubation and acceleration programs to connect startups with government needs. The Municipality provides funding and access to public sector challenges.
• CorLabcoreStrategic or Co-development PartnerInnovation laboratory of the Municipality of Córdoba that connects the public sector with local technology companies and startups.
• Innovos GroupcoreStrategic or Co-development PartnerCo-implementer of the Córdoba GovTech programs, providing complementary expertise in business development and innovation strategy.
• AWS (Amazon Web Services)minorGTM or Marketing PartnerCloud infrastructure benefits provided to Incutex portfolio startups including hosting, cloud computing and advisory services.
• Google for EntrepreneursminorGTM or Marketing PartnerTechnology partner providing benefits and resources to Incutex startup ecosystem.
• Microsoft BizSparkminorGTM or Marketing PartnerTechnology partner providing software and cloud benefits to Incutex portfolio companies.
• SantexcoreStrategic or Co-development PartnerRelated company (co-founders Juan Santiago and Walter Abrigo) providing technology tutoring, developer resources, and technical resolution support. Incutex assigns Santex technology tutors to portfolio startups.
• Universidad Siglo 21minorStrategic or Co-development PartnerEducational partnership for virtual incubation program delivery and talent development.
• Startup ChileminorGTM or Marketing PartnerLatin American startup ecosystem network and potential co-investment partner.
• Gobe VenturesminorGTM or Marketing PartnerSpanish govtech accelerator that has selected Wise CX (Incutex portfolio company) and provides market access to Iberian govtech ecosystem.
• FAMAF UNCminorStrategic or Co-development PartnerFaculty of Mathematics, Astronomy and Physics at National University of Córdoba - partner for technical talent and innovation initiatives.
• Wayra (Telefónica)minorStrategic or Co-development PartnerTelefónica's startup accelerator that initially accelerated Wise CX before Incutex invested in 2015.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Techstars: The largest global accelerator network with 13-week programs, standardized mentorship, and a recognizable brand that attracts LATAM founders. A broad incumbent rather than a niche peer — operates globally rather than specializing in Argentine govtech — but competes for the same upstream deal flow.
• 500 Global: Global accelerator and early-stage fund with one of the deepest LATAM footprints of any international program. Competes with Incutex for Argentine and regional founders, offers larger ticket sizes, but is a broad-incumbent player rather than a Córdoba-anchored company builder.
• Globant: Large Argentine-founded IT services firm with an ecosystem and ventures arm that engages startups and corporate innovation. A broad incumbent rather than a direct accelerator competitor, but a relevant local comparable given shared Argentine tech roots and overlap on open-innovation/corporate-transformation themes.
• Y Combinator: The benchmark global accelerator; Argentine founders increasingly apply directly to YC and similar US programs. YC is a broad incumbent rather than a regional peer, but it sets the standard against which any Argentine accelerator's terms, brand, and follow-on network are benchmarked.

Direct peers

• NXTP Labs: One of the most active early-stage VC/accelerator platforms in Argentina and across LATAM, investing seed capital in tech startups alongside acceleration support. Directly comparable as a Buenos Aires-based, Spanish-language accelerator serving the same Argentine founder pool.
• Idealab: One of the original US company builders, founded in 1996, that creates and operates startups internally rather than running time-limited cohorts. Closest international analogue to Incutex's 'build ventures ourselves' methodology, though based in the US with a much longer operating history.
• Antler: Global venture builder/company builder that co-founds and funds startups from day zero in exchange for equity. Antler is the closest international analogue to Incutex's 'company builder' label and competes for the same 'build-with-us' positioning, with active operations across multiple continents including LATAM.
• Finnovista: LATAM-focused innovation and fintech accelerator running programs in Mexico, Colombia, and beyond in partnership with public and private institutions. Comparable as a Spanish-language regional accelerator that bridges startups with corporate and government partners, overlapping with Incutex's Open Innovation and GovTech motions.
• Wayra (Telefónica): Telefónica's global corporate accelerator with a heavy LATAM presence and active operations in Argentina. Wayra directly competes for early-stage tech founders in the same geography and even appears in Incutex's own data as the prior accelerator of portfolio company Wise CX before Incutex invested in 2015.

Regional players

• Startup Chile: Chilean government-backed equity-free accelerator that attracts founders across LATAM including from Argentina. Operates a comparable public-sector-sponsored acceleration model but is anchored in Santiago rather than Córdoba, making it a regional rather than direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/incutex
• Facebookfacebook.com/incutex.ar
• LinkedInlinkedin.com/company/incutex-s-a-
• Instagraminstagram.com/incutex/?hl=es-la

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments24 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Incutex Company Builders