Congress is discussing Law 35, which comprises the creation of the Entrepreneurship Fostering Fund. This includes a Seed Capital trust fund, and resources for Technical Assistance, Guarantees and Micro-credit.
"Seed Funding 'has a social purposes. It looks to assist people living in extreme poverty in creating their own businesses", explained Gisella de Calcagno, head of the Micro, Small and Medium Enterprise Authority.
Source: Prensa.com
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October 2011
The Ministry of Economy has announced the availability of non-refundable co-financing line entitled: "Dynamic Start Up: Seed Capital."
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.
January 2010
FUSADES, a Salvadoran foundation, is working to create Central America's first angel investor network.
Such network would be composed of angel investors, who would invest in projects with innovative ideas, at the very beginning of their life-cycle. According to studies, several SMEs fail to survive in their first three years, mostly due to lack of funding and little knowledge of how to run a business.
July 2009
The Panamanian government is allocating this amount to the development of micro and small businesses involving 546,412 establishments on the national level.
Giselle Calcagno, Minster of the Micro, Small, and Medium Business Authority (AMPYME, acronym in Spanish) commented that the fund is designated for seed capital, micro-credit, collateral funds, and for technical training and assistance.
November 2009
Micro, Small and Medium Enterprises will have easier access to credit with the new law.
Giselle de Calcagno, head of AMYPYME (Micro, Small and Medium Enteprises Authority), stated that "the project will foster the creation of a micro credit banking industry. The idea is for the state to invest in a second tier banking fund, so entrepreneurs have easier access to credit", reported Laestrella.com.pa.
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