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Investment in Technology Based Emerging Enterprises - SCTec
This project aims at capital appreciation through creation of a venture capital fund that will make equity and quasi-equity investments in technology-based start-ups and small enterprises that have great economic potential and technologically innovative products and processes. The fund will invest exclusively in small enterprises in the state of Santa Catarina. The fund's investments will be diversified among a number of technology sectors, including software, telecommunications, Internet, materials, precision, and technology. Co-investors include local pension funds, the National Economic and Social Development Bank/Participaçoes S.A. (BNDESPAR), and the Brazilian Micro and Small Enterprise Support Service (SEBRAE). The BNDESPAR is Brazil's most experienced institutional investor of venture capital. The SEBRAE is an independent, private organization affiliated with a national network of organizations providing technical assistance services and business consulting services (information, enterprise start-up, business management, technology, quality and productivity, markets, international business, credit orientation, among others) for Brazil's small and medium-size enterprises. The fund's investment manager, Companhí¡ Riograndense de Participaçoes (CRP), will identify, analyze, and select potential investments. Once the investment committee approves the investments, the fund's investment manager will supervise, monitor, and sell the enterprises in the fund's portfolio.

Project Detail

Country

Brazil

Project Number

TC0005044

Approval Date

July 26, 2000

Project Status

Closed

Project Type

Equity

Sector

-

Subsector

-

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 3,300,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 3,300,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-7065-BR Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-7065-BR
  • 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

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-643492179-2
Donors Memorandum
Donors memorandum for MIF project TC0005044 - EQU_MS-7065-BR [1802511].PDF
Dec. 31, 1999
English
Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-643492179-1
Project Abstract
Project Abstract for MIF project TC0005044 - EQU_MS-7065-BR [1791760].PDF
Dec. 31, 1999
English
Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-643492179-3
Eligibility Memorandum
Elegibility memorandum for MIF project TC0005044 - EQU_MS-7065-BR [1808957].PDF
Dec. 31, 1999
English

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