Skip to main content

Building the Entrepreneurial and Innovation Ecosystem in Peru

The project will help launch an innovation and entrepreneurial ecosystem conducive for early stage and VC investing in Peru. It is expected that this ecosystem will help create innovative companies that are globally competitive. These companies (mostly from the tech sector) in turn will be a source of high quality jobs, have a multiplier effect on the economy, and will create a virtuous cycle as some of their employees will leave them to start their own companies.

The project will increase: i) entrepreneurship activity, ii) innovation capacity, and iii) investment capacity. It will do so through activities that aim to educate and invite entrepreneurs, research institutions, and investors, all key players in an innovation ecosystem, to work together building an early stage industry for Peru. Based on the impact of venture capital industries in other countries, this is a project with a very high potential for economic growth . The MIF, Alta - El Dorado Empredimiento, and other actors will contribute to building the ecosystem through this project, while Alta-El Dorado, as a seed/VC fund manager plans also to start investing in the new ventures.

Project Detail

Country

Peru

Project Number

PE-M1108

Approval Date

August 5, 2015

Project Status

Closed

Project Type

Technical Cooperation

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 and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 3,622,398.00

Country Counterpart Financing

USD 2,372,398.00

Original Amount Approved

USD 1,250,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-15089-PE Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-15089-PE
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

Can’t find a document? Request information

Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1002690831-30611
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-15089-PE [40690826].PDF
Oct. 01, 2016
English
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-32076
Technical Cooperation Agreement
Construyendo el Ecosistema Emprendedor y de Innovación en Perú [39727426].PDF
Aug. 14, 2015
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-32077
Technical Cooperation Agreement
Building the Entrepreneurial and Innovation Ecosystem in Peru [39727428].PDF
Aug. 14, 2015
English
https://www.iadb.org/document.cfm?id=EZSHARE-338891241-3
Approved TC document
Peru_ Construyendo el Ecosistema Emprendedor y de Innovacion en Peru.PDF
Jan. 12, 2018
English
https://www.iadb.org/document.cfm?id=EZSHARE-583704930-10
Approved TC document
Peru_ Building the Entrepreneurial and Innovation Ecosystem in Peru.PDF
Jan. 12, 2018
English
https://www.iadb.org/document.cfm?id=EZSHARE-1606783674-3
Project Performance Monitoring Reports
MIF Project Status Report-12-2016-ATN_ME-15089-PE - Rep6390.pdf
Aug. 21, 2017
English
https://www.iadb.org/document.cfm?id=EZSHARE-1606783674-4
Project Performance Monitoring Reports
MIF Project Status Report-6-2017-ATN_ME-15089-PE - Rep6688.pdf
Oct. 11, 2017
English
https://www.iadb.org/document.cfm?id=EZSHARE-1606783674-5
Project Performance Monitoring Reports
MIF Project Status Report-12-2017-ATN_ME-15089-PE - Rep6868.pdf
Mar. 27, 2018
English
https://www.iadb.org/document.cfm?id=EZSHARE-1606783674-6
Project Performance Monitoring Reports
MIF Project Status Report-6-2018-ATN_ME-15089-PE - Rep7264.pdf
Oct. 23, 2018
English
https://www.iadb.org/document.cfm?id=EZSHARE-1606783674-7
Project Performance Monitoring Report
MIF Project Status Report-12-2018-ATN_ME-15089-PE - Rep8551.pdf
May. 06, 2019
English

Have an Environmental or Social issue related to IDB projects? File a Complaint

Jump back to top