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BR-Q0009 : Partnership between the MIF and Burrill & Company LLC

Project Status: Implementation

The general objectives of the fund are to: i) help the development and institutionalization of VC investing in Brazil through a North-South partnership that adds value by transferring global best practices; and ii) contribute to the growth of the life sciences industry in Brazil. The specific objectives of the fund are to: i) provide financing to innovative entrepreneurs and SMEs in Brazil; ii) create quality employment for local populations; and iii) improve SMEs corporate governance, auditing, management and intellectual property practices.

Project Detail

Project Number
BR-Q0009
Approval date
November 18, 2009
Project Country
Brazil
Project Sector
SCIENCE AND TECHNOLOGY
Project Subsector
R&D AND INNOVATION FUNDING
Project Type
Equity
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Implementation
Operation Number
EQU/MS-12038-BR

Financial Information

Project Number
BR-Q0009
Project Status
Implementation

IDB Financing

Financing type
EQU
Fund
MIF-Small Enterprise Investment Fund
Reporting currency
USD - United States Dollar
Reporting date
Jul/18/2023

Roles & Responsibilities

Contract signature date
Dec/14/2011

Project Information

Total Cost
USD 146,500,000
Country counterpart financing
USD 141,500,000
Amount
USD 5,000,000

Approved

Title
Type
Project Number
Date Published
TC Document
BR-Q0009
November 15, 2018
TC Document
BR-Q0009
November 15, 2018