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
Instrumento del Fondo Multilateral de Inversiones
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