The main objective of this cooperation is to improve access, conditions and sources for financing early stage companies through debt services. To accomplish this, it is imperative to work with financial allies and entrepreneurial support entities, to consolidate a support tool aligned with the characteristics, dynamics and needs of young companies with high growth potential. The specific objectives are: (a) To elaborate new risk evaluation methodologies for early stage companies associated with the characteristics of this type of businesses. (b) To strengthen financial allies to integrate new risk assessments that will allow access to financial resources to young companies. (c) To establish financial debt capabilities in firm-support agents. (d) To improve funding access to innovative firm in early stages with high growth potential.
|Sector||SCIENCE AND TECHNOLOGY|
|Subsector||SCIENCE AND TECHNOLOGY-R&D AND INNOVATION FUNDING|
|Project Type||Technical Cooperation|
|Environmental and Social Impact Category||C|
|Approval Date||OCT 25, 2017|
|IDB Financing *||0.39|
|Total Cost H||USD 460,500|
|Country Counterpart Financing||USD 70,500|
|Financing Type||Non-Reimbursable Technical Cooperation|
|Reporting currency||USD - United States Dollar|
|Reporting Date||NOV 30, 2017|
|Undisbursed Amount H||USD 390,000|
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