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RG-Q0019 : 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-Q0019
Approval date
April 10, 2013
Project Country
Regional
Project Sector
SCIENCE AND TECHNOLOGY
Project Subsector
SCIENCE AND TECHNOLOGY
Project Type
Equity
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Implementation
Operation Number
EQU/MS-13772-RG

Financial Information

Project Number
RG-Q0019
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
Jul/15/2013

Project Information

Total Cost
USD 25,000,000
Country counterpart financing
USD 20,000,000
Amount
USD 5,000,000

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