GridX Fund II: leveraging deeptech for social and economic development
GRIDX a venture capital fund with a "company builder" model, seeks to leverage the intersection of three key elements, providing the possibility of investment in talented scientists and science-based companies by enabling scientists to meet entrepreneurs and vice versa: 1) Next generation biotech companies: new capabilities and applications resulting from the confluence of biology with the accelerating development of computing, automation and artificial intelligence are already improving our response to global challenges, from climate change to pandemics, and 2) New generation biotech companies: new applications and capabilities resulting from the confluence of biology with the accelerating development of computing, automation and artificial intelligence are already improving our response to global challenges, from climate change to pandemics.improving our response to global challenges, from climate change to pandemics, 2) Sustainability: how financial returns, sustainability and impact are not mutually exclusive, 3) Entrepreneurial capital: as an enabler for transforming scientific knowledge into startups with real impact. knowledge into startups with a real impact on society.

Project Detail

Country

Regional

Project Number

RG-Q0095

Approval Date

June 16, 2022

Project Status

Implementation

Project Type

Equity

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 50,000,000.00

Country Counterpart Financing

USD 47,000,000.00

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-19294-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-19294-RG
  • 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-203718923-3
Donors Memorandum
RG-Q0095 Executive Summary.pdf
Jun. 24, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-203718923-4
Donors Memorandum
RG-Q0095 Resumen Ejecutivo.pdf
Jun. 24, 2022
English
 Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-267113032-4
Environmental and Social Review Summary
Gridex_Environmental and Social Review Summary (ESRS).pdf
Jun. 13, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-203718923-2
Profile
IDEATE 2022-03-25 Public Summary 1102 RG-Q0095.pdf
Mar. 29, 2022
Spanish

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