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BR-Q0012 : Emerging Enterprises Investment Fund C-Venture Premius
Project Status: Implementation
The project seeks to support the creation of a seed fund, which will provide seed equity financing to a group of 12-16 emerging firms in the states of Santa Catarina and Parana, Brazil. The fund will target emerging firms with high growth potential in the energy, life sciences and information technology sectors. The investment in this fund is part of the strategy devised by the MIF and FINEP in their INOVAR II TA project that seeks to support the development of angel and seed investing.
Project Detail
Project Number
BR-Q0012
Approval date
November 16, 2011
Project Country
Brazil
Project Sector
PRIVATE FIRMS AND SME DEVELOPMENT
Project Subsector
SMALL AND MEDIUM ENTERPRISE
Project Type
Equity
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Implementation
Operation Number
EQU/MS-13016-BR
Financial Information
Project Number
BR-Q0012
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
Aug/28/2014
Project Information
Total Cost
USD 46,000,000
Country counterpart financing
USD 42,000,000
Amount
USD 4,000,000
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