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$2 Million for Business Incubation in Panama

Business incubator "Ciudad del Saber" (City of Knowledge), signed an agreement with IDB, for fostering entrepreneurial culture and supporting business projects.

Monday, August 31, 2009

©image: Ciudad del Saber

Besides promoting entrepreneurial culture and fostering projects in Panama, the business incubator at 'Ciudad del Saber' will create a sustainable technical and financial framework for developing, incubating and financing these business ventures.

Some of the objectives of the project are to create and foster incubator networks, create an angel investor network and a seed capital fund.

Source: thegovmonitor.com

Key entities

City of Knowledge Multilateral Investment Fund Inter-American Development Bank

Countries

Panama

Insight

seed capital angel funding investment in education corporate culture entrepreneur support business incubator Business and Investment

Venture Capital Funds

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The so called ‘entrepreneurial capital’, ‘seed capital’ or ‘angel capital’ industry moves around $3.2 billion in Latin America.

At the event “Costa Rica Investment World”, hosted in San José last week, attendants agreed on a window of opportunity for venture capital funds, aimed to fund business projects, especially in food, education, health and financial services sectors.

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Laestrella.com.pa reports on its website: "Acelerador de Empresas, which is a part of the "City of Knowledge" Foundation, signed an agreement for the "Support for Dynamic Entrepreneurship" project with the IDB, via the Multilateral Investment Fund.

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Better be Employee than Businessman

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This is how we are raised in Latin America, disapproving or disliking those who earn a lot of money as businessmen.

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