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
Country
Chile
Project Number
CH-Q0002
Approval Date
November 18, 2009
Project Status
Cancelled
Project Type
Equity
Sector
-
Subsector
-
Lending Instrument
Instrumento del Fondo Multilateral de Inversiones
Lending Instrument Code
MIF
Modality
-
Facility Type
-
Environmental Classification
-
Total Cost
USD 44,500,000.00
Country Counterpart Financing
USD 40,500,000.00
Original Amount Approved
USD 4,000,000.00