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

Country

Regional

Project Number

RG-Q0019

Approval Date

April 10, 2013

Project Status

Implementation

Project Type

Equity

Sector

SCIENCE AND TECHNOLOGY

Subsector

SCIENCE AND TECHNOLOGY

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 25,000,000.00

Country Counterpart Financing

USD 20,000,000.00

Original Amount Approved

USD 5,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-13772-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-13772-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing