Igniting Nascent Ecosystems: Investment in iThink VC Ignite Fund

The objective of this project is to support and invest in iThink VC Ignite Fund, regional fund with a special focus on supporting and investing in Bolivian and Paraguayan early stage startups. Ignite fund will invest in up to 30 early stage startups in Latin America and the Carribbean with a special focus on igniting the Bolivian and Paraguayan ecosystem.

Project Detail

Country

Regional

Project Number

RG-Q0090

Approval Date

December 16, 2021

Project Status

Implementation

Project Type

Equity

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 20,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 3,000,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
EQU/MS-19121-RG	Non-Sovereign Guaranteed	USD - United States Dollar	Dec. 3, 2024		MIF-Small Enterprise Investment Fund	Equity Financing

Operation Number

EQU/MS-19121-RG

Lending Type: Non-Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Dec. 3, 2024
Signed Date:
Fund: MIF-Small Enterprise Investment Fund
Financial Instrument: Equity Financing

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-301356609-4

Donors Memorandum

RG-Q0090 Executive Summary.pdf

Feb. 21, 2022

English

https://www.iadb.org/document.cfm?id=EZSHARE-301356609-5

Donors Memorandum

RG-Q0090 Resumen Ejecutivo.pdf

Feb. 21, 2022

English