Panama Technology Business Accelerator

The proposed project will adapt the so-called accelerator model to Panama's market conditions. A Business Accelerator is commonly defined as an early stage venture capital company, investing in Interent infrastructure, software, telecommunications and other technology-related ventures. It provides tenants with strategy consulting, technology consulting, investment banking, and often venture capital through internal resources and global partner networks.
This project will support the following activites to transform IDEP to a modified accelerator model:
(i) developa new incubation mechanism with the high-tech workspace needed to service businesses in the New Economy;
(ii) develop managerial, counselling and training services for client companies within the accelerator;
(iii) support the proces of development of innovative ideas through a pre-incubation facility; and
(iv) assist in the design of mechanisms for private sector financing for client companies and the accelerator.

Project Detail

Country

Panama

Project Number

TC9806110

Approval Date

June 27, 2001

Project Status

Closed

Project Type

Technical Cooperation

Sector

INDUSTRY

Subsector

INDUSTRY

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 1,900,000.00

Country Counterpart Financing

USD 700,000.00

Original Amount Approved

USD 1,200,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
ATN/ME-7469-PN	Non-Sovereign Guaranteed	USD - United States Dollar	Aug. 31, 2024	Aug. 6, 2001	Multilateral Investment Fund II (MIF) -	Nonreimbursable

Operation Number

ATN/ME-7469-PN

Lending Type: Non-Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Aug. 31, 2024
Signed Date: Aug. 6, 2001
Fund: Multilateral Investment Fund II (MIF) -
Financial Instrument: Nonreimbursable

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-1629837698-311

Specific Procurement Notices

Consulting Services [35234916].HTML

Dec. 31, 1999

English

https://www.iadb.org/document.cfm?id=EZSHARE-1629837698-310

General Procurement Notices

General Procurement Notice [35234912].HTML

Dec. 31, 1999

English

https://www.iadb.org/document.cfm?id=EZSHARE-217641105-1

General Procurement Notices

Programa de apoyo a la aceleradora tecnológica de empresas de Panama [534085].PDF

Dec. 31, 1999

Spanish

https://www.iadb.org/document.cfm?id=EZSHARE-917344851-134

Donors Memorandum

Apoyo a la aceleradora tecnológica de empresas de Panamá [429793].PDF

Dec. 31, 1999

Spanish

https://www.iadb.org/document.cfm?id=EZSHARE-917344851-90

Donors Memorandum

Support for Panama Technology Business Accelerator [419708].PDF

Dec. 31, 1999

English