Uruguay will lead a network of venture capital investors in the region

Uruguay will lead a network of venture capital investors in the region

Next week a US delegation will arrive to make the announcement at the Punta Tech Meetup event.

Photo: Vecteezy

The national program Uruguay Innovation Hub announced that Uruguaynext to Canada and USAwill lead a network of investors aimed at mobilizing risk capital, both for local and regional entrepreneurs, and that the country will also support the creation of a regional accelerator of startups.

Next week, they will arrive at Uruguay a delegation from the government of the USAwhich is led by Ramón Escobar, the director of Western Hemisphere Strategy of the White House. The visit will take place after an invitation from the Uruguay Innovation Hubin coordination with the Embassy of Uruguay in the United States.

The announcements by the White House envoys will take place in the next Tip Tech MeetupWhat will be celebrated in Punta del Este on January 15, and is framed within the activities supported by the Alliance for the Economic Prosperity of the Americas (APEPfor its acronym in English), the association launched in Washington D.C. in November of last year, of which Uruguay is part.

Uruguay committed in the APEP to promote the business accelerator

In addition to Uruguay and USAAPEP is made up of other countries such as Canada, Chili, Colombia, Mexico and Panama, among others, and is intended to seek to strengthen regional competitiveness, as well as mobilize investments in the Americas. Own President Luis Lacalle Pou participated in its launch.

Uruguay had committed there to promote a regional acceleration program together with the United States Agency for International Development (USAIDfor its acronym in English), and lead the creation of the new investor network, to bring together promising entrepreneurs at the regional level, who will receive training, capitalization and connections with private sector investors.

The objective of the accelerator is to benefit hundreds of startups American companies, as well as mobilizing additional capital to promote economic development in these countries.

Source: Ambito

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