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ME-Q0008 : Venture Innovation Fund II

Project Status: Implementation

Venture Innovation Fund II will invest in innovative Mexican small and medium sized companies providing healthcare services, financial services and other technology related services. The project will have two components: a MIF equity investment of $4MM, and a technical assistance component of $300,000.00 to finance knowledge products and events, legal costs, etc.

Project Detail

Project Number
ME-Q0008
Approval date
May 21, 2014
Project Country
Mexico
Project Sector
SCIENCE AND TECHNOLOGY
Project Subsector
R&D AND INNOVATION FUNDING
Project Type
Equity
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Implementation
Operation Number
EQU/MS-14412-ME

Financial Information

Project Number
ME-Q0008
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/27/2014

Project Information

Total Cost
USD 40,000,000
Country counterpart financing
USD 36,000,000
Amount
USD 4,000,000

Approved

Title
Type
Project Number
Date Published
TC Document
ME-Q0008
September 18, 2018
TC Document
ME-Q0008
September 18, 2018