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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
C
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
USD 600,000

This project doesn't have public documents