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School:Universidad de Montevideo

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== Student Entrepreneurship ==

There is an increasing number of students who choose to become entrepreneurs at Universidad de Montevideo. Most of them start this path before graduating but it is also often that alumni become entrepreneurs after some professional experience or completing an MBA.

One of the biggest successful entrepreneur story started in 2009, when Agustina Sartori and Carolina Bañales, two telematic engineers, decided to innovate in the beauty and cosmetics area. They received funds from ANII, settled their office at the university and with some student interns developed the first prototype of a virtual makeover. The product was sold to a local store and after that Start Up Chile, 500 Startups and Plug and Play supported and invested in their new app: [[GlamST]]

[[File:Sartori banales.jpg]]

''Agustina and Carolina founders of GlamST''

Social entrepreneurship is also something that is being fostered at UM. Valentina Quagliotti was one of the first ~~entrepreneurs~~ entrepreneurs in Uruguay to combine a business model with a social cause when she found [[Iuski]], a social video production startup. She also was the first Director of [[SocialLab]], a latin american pre incubator for social ventures.

Not everybody succeed at first attempt, that is why Ignacio Menafra started [[Wanna]] an e-commerce portal and his fourth venture.

<span style="~~font-size: 11pt;~~ font-family: Arial; color: rgb(102, 102, 102); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Recently, another startup created by a Jeronimo Acosta, has been growing exponentially. His business is called [[ChillTravel|ChillTravel]]<span style="background-color: transparent~~; font-size: 11pt~~; font-family: Arial; color: rgb(102, 102, 102); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">, <span style="background-color: transparent~~; font-size: 11pt~~; font-family: Arial; color: rgb(102, 102, 102); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">and consists of a secure luggage skin that will protect the valuables items carried in the customers bag and will tell him in real-time where his things.

[[File:Chilltravel.jpg]]

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[[BJORN|BJØRN]] is the first Uruguayan watch design brand in the international market. The project suported by Initum was founded by Alejandro González and Jerónimo Acosta, former students of the Business and Economis School of the UM in response to the high prices of the watch industry, especially focusing on the fact that millennials do not have large revenues for this type of luxury.In March 2017, BJØRN launched its first product through Kickstarter, managing to pre-sell almost US $ 20,000 in 22 different countries.

Their products differ from their competition in large part by their price, but what stands out most is that each watch comes with 2 easily interchangeable meshes, so that its users can use the same watch several times and with multiple outfits, thus having several watches in one. In addition, BJØRN is the first watch brand in the local market to offer a lifetime warranty on all its watches and donates 10% of its revenue to local social projects.</div> <div>[[File:Bjorn.png]]                                              </div>

== Faculty Innovation and Entrepreneurship ==

Saguirregaray

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