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RG-M1229 : NXTP Labs-A Framework to Consolidate Seed-accelerator Model Technology Start-ups

Project Status: Implementation

The project seeks to approve an equity investment in NXTP Labs, a Buenos Aires-based accelerator seed fund that provides seed funding, mentoring, community and office space to entrepreneurs all over the Region with great ideas and execution capabilities. The project will have two components: a MIF equity investment of $5MM, and a technical assistance component of $435,000.00 in order to finance knowledge products and events, to help advance angel investing in the Region, as well as the international exposure of local start-ups.

Project Detail

Project Number
RG-M1229
Approval date
April 10, 2013
Project Country
Regional
Project Sector
SCIENCE AND TECHNOLOGY
Project Subsector
SCIENCE AND TECHNOLOGY
Project Type
Technical Cooperation
Project Lending Type
NSG
Project Modality
Project Facility Type
Environmental and social impact category
B13
Project Status
Implementation
Operation Number
ATN/ME-13773-RG

Financial Information

Project Number
RG-M1229
Project Status
Implementation

IDB Financing

Financing type
TCN
Fund
Multilateral Investment Fund II (MIF) -
Reporting currency
USD - United States Dollar
Reporting date
Jul/18/2023

Roles & Responsibilities

Contract signature date
Apr/10/2013

Project Information

Total Cost
USD 750,000
Country counterpart financing
USD 0
Amount
USD 750,000

Approved

Title
Type
Project Number
Date Published
Technical Cooperation Agreement
ATN/ME-13773-RG;EQU/MS-13772-RG;RG-M1229
April 10, 2013