The objective of the project is to reduce the financing gap faced by early stage tech-based companies in Chile through the investment in the Vulcano Fund. The investment focus of the Fund will be on startups that solve, through the innovative use of digital technologies (artificial intelligence, augmented / virtual reality, blockchain, among others) real problems present in Chile and Latin America, mainly in the areas of education ( EdTech), access to finance (FinTech), agriculture (AgTech), health (HealthTech), Smart Cities and environmental solutions (GreenTech).

Project Detail

Country

Chile

Project Number

CH-Q0006

Approval Date

November 29, 2018

Project Status

Implementation

Project Type

Equity

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

ENTERPRISE DEVELOPMENT, CLUSTERS AND INNOVATION

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 20,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 2,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-17114-CH Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-17114-CH
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing

Can’t find a document? Request information

 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-857605670-3
Donors Memorandum
CH-Q0006 - Resumen del proyecto.pdf
Jun. 25, 2019
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-857605670-4
Donors Memorandum
CH-Q0006 - Project summary.pdf
Jun. 25, 2019
English

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