Strengthening Funding Instruments for Early Stage Innovative Firms (IADB-CO-T1439)

Countries
  • Colombia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.39 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Nov 20, 2017


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
The main objective of this cooperation is to improve access, conditions and sources for financing early stage companies through debt services. To accomplish this, it is imperative to work with financial allies and entrepreneurial support entities, to consolidate a support tool aligned with the characteristics, dynamics and needs of young companies with high growth potential. The specific objectives are: (a) To elaborate new risk evaluation methodologies for early stage companies associated with the characteristics of this type of businesses. (b) To strengthen financial allies to integrate new risk assessments that will allow access to financial resources to young companies. (c) To establish financial debt capabilities in firm-support agents. (d) To improve funding access to innovative firm in early stages with high growth potential.
Investment Description
  • Inter-American Development Bank (IADB)
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).