Business Innovation and Entrepreneurship Program III

The general objective of the program is to increase business productivity through investment in knowledge, human capital, innovation and entrepreneurship. The specific objectives are: (i) increase the investment in and the construction of applied knowledge in the productive sector and society; (ii) increase the supply of advanced human capital and its involvement in the productive and public sectors; (iii) promote private investment in innovation activities; and (iv) promote private investment in quality innovative entrepreneurships.

Project Detail

Country

Uruguay

Project Number

UR-L1187

Approval Date

July 29, 2022

Project Status

Implementation

Project Type

Loan Operation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

ENTERPRISE DEVELOPMENT, CLUSTERS AND INNOVATION

Lending Instrument

Investment Loan

Lending Instrument Code

INV

Modality

LBR (Loan Based on Results)

Facility Type

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 45,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 45,000,000.00