Venture Capital for Mexican Technology Based Enterprises - LATIN IDEA
The establishment of this Fund is expected to further five key objectives: (i) to promote technology entrepreneurship in Mexico by providing growth financing for up to 10 early and middle-stage technology-based SMEs that, if successful, will become role-models for others to follow; (ii) to promote the adoption and use of technology innovations among SMEs, increasing their competitiveness and generating high-quality employment; (iii) to lead the nascent risk capital technology sector in Mexico; (iv) to guide government institutions with an interest in promoting the development of the technology sector on how to invest and participate in the governance of an investment fund; and, (v) to promote risk capital fund raising among non-traditional investors in Mexican investment funds.

Project Detail

Country

Mexico

Project Number

ME-Q0001

Approval Date

July 7, 2004

Project Status

Closed

Project Type

Equity

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL MARKETS

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 15,500,000.00

Country Counterpart Financing

USD 10,500,000.00

Original Amount Approved

USD 5,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-8763-ME Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-8763-ME
  • 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