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RG-T3363 : Democratizing Access to Finance for Entrepreneurs

Project Status: Cancelled

The objective of this project is to help create the first ever security tokenized venture capital (VC) fund in Latin America and the Caribbean. This fund, once structured, will provide seed financing to entrepreneurs that are leveraging the blockchain technology to solve key social and environmental challenges in a very novel way.

Project Detail

Project Number

RG-T3363

Approval date

December 14, 2018

Project Country

Regional

Project Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Project Subsector

ENTERPRISE DEVELOPMENT, CLUSTERS AND INNOVATION

Project Type

Technical Cooperation

Project Lending Type

NSG

Project Modality

Project Facility Type

Environmental and social impact category

Project Status

Cancelled

Operation Number

ATC/ME-17208-RG

Financial Information

Project Number

RG-T3363

Project Status

Cancelled

IDB Financing

Financing type

TCC

Fund

Multilateral Investment Fund II (MIF) -

Reporting currency

USD - United States Dollar

Reporting date

May/31/2023

Roles & Responsibilities

Project Information

Total Cost

USD 1,200,000

Country counterpart financing

USD 600,000

Amount