Investment in Technology Based Small Enterprises - RSTEC
The purpose of this fund is to make equity investments in small technological enterprises in the Brazilian State of Rio Grande do Sul. The majority of the investments will be in start-up companies, in sectors such as the internet, telecommunications and software. The MIF, as a key investor in this fund, has a major role to play in the development of technology-based enterprises in southern Brazil. This fund will also be the first experience in using venture capital as a financing tool in the early stages of enterprise creation in Brazil. The co-investors, SEBRAE and BNDESPAR, are key players in the sector of the Brazilian Small and Medium Enterprises. It is envisioned that the fund will attract private investors, increasing its capital from its current $9 million to $12 million. Despite its few months in operation, the fund has a promising pipeline of operations and its investment committee has already approved five operations.

Project Detail

Country

Brazil

Project Number

TC9810476

Approval Date

June 2, 1999

Project Status

Closed

Project Type

Equity

Sector

-

Subsector

-

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 3,000,000.00

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-6535-BR Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-6535-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