A press release from the Ministry of Economy of El Salvador reads:
The Ministry of Economy (MINEC), through the Productive Development Fund (FONDEPRO) on October 12 announced to businesses, support institutions for start-ups, and the general public, the availability of a co-financed NON-REFUNDABLE line called: "Dynamic Start Ups: Seed Capital" with the aim of promoting economic development in the country, supporting innovative projects with growth potential, and competitive advantages.
According to Economy Minister Hector Dada Hirezi the launch of this line is intended to support projects by businesses in the startup phase, whose main features are to meet market needs through innovations in products, processes , designs, packaging, business models, and technology, among others, and which will become legally registered companies capable of generating economic impact through job creation and sales.
Source: Ministry of Economy (El Salvador)
More on this topic
January 2012
The Ministry of Economy of El Salvador has made available to employers a portfolio of funds to be disbursed during the year.
A press release from the Ministry of Economy of El Salvador reads:
Productive Development Fund (FONDEPRO) of the Ministry of Economy has made available to businesses, this January 20th , a portfolio of funds which are ready to be disbursed during the current year in order to improve competitiveness and create economic impact in El Salvador.
September 2010
The funds provided by the EU and Holland will go toward the Crear Empresas ("Business Creation") Program
The program, coordinated by the Ministry for Development, Industry and Commerce (MIFIC), will begin next year with the aim of financing projects from small and medium sized enterprises (SMEs).
January 2011
Chile offers $ 40 thousand to entrepreneurs to live six months in Chile, raising capital, hiring people, creating and doing business.
The Chilean government announced the 2011 version of the Start-Up Chile program, which in 2010 created 25 groups of entrepreneurs, generating specific results already constituting companies with international impact.
January 2011
The program allocates $ 28 million for a total of 21 instruments to benefit exporters.
Mario Cerna, Vice Minister of Commerce and Industry in the MINEC, said half of the resources will go to "non-reimbursable funds for co-financing of all types of business."
Laprensagrafica.com outlined in their article: "The rest of the money will be divided between efforts to promote export products and returns associated with the purchase of supplies and other components to boost the sector. In the coming years it is expected to maintain the amount of resources or increase them."
español
1876
