Uruguay will spearhead the creation of a entrepreneurship accelerator With USA and Canada, within the framework of a network of investors risk capital to continue developing the sector in the country and in the region.
Next week, a delegation from the government of USA led by the director of White House Western Hemisphere Strategy, Ramón Escobarwill reach Uruguay with a specific objective: announce at the event Tech Tip that the country will lead a network of investors aimed at mobilizing risk capital for local and regional entrepreneurs, on the one hand; and, on the other, support the creation of a regional accelerator of startups.
The news was broadcast by the national program Uruguay Innovation Hubthe initiative that was launched at the end of 2022 by the president Luis Lacalle Pou and the then minister of Industry, Energy and Mining (MIEM), Omar Paganini; and that seeks to position the country as a innovation pole through the implementation of various instruments and the development of initiatives that promote and strengthen the innovative ecosystem.
“This visit occurs after the invitation made by the program Uruguay Innovation Hubin coordination with the Uruguayan Embassy in the USA”, explained the program through an official statement.
The text also details that, through the Regional Accelerator and Investor Network, Uruguay Innovation Hub “It will bring together promising entrepreneurs from the region, provide training, seed capital and facilitate connections with private sector investors.” “The objective is to benefit hundreds of startups and mobilize additional capital to promote economic development in the region,” she emphasizes.
Likewise, the double joint project with USA and Canada is framed within the initiatives supported by the Alliance for Economic Prosperity of the Americas (APEP). This partnership was launched in Washington in November of last year, and is led by the current American president, Joe Biden, with the aim of combating economic inequality and promoting regional integration.
LAB+ Ventures closes its first investment round
For its part, the incubator created by the research center Pasteur Institute and the investment firm Ficus Advisory, LAB+ Ventures, will close its first round of capital integration in 15 days to biotech startups.
It will define investments for four “proto-companies”, “scientific projects that we want to transform into scientific-technological based companies through a strong contribution of very interesting money, in a very short period of time, so that they can move towards being 100% private companies“, as explained by the director of the Institut Pasteur, Carlos Batthyany, in dialogue with Radio Carve.
“It allows us to begin to close that virtuous circle in the generation of knowledge, which is the official mission of the Institut Pasteur in Montevideo”, said the researcher and doctor in reference to the institution’s objective of not only generating knowledge from science, but also applying that knowledge to “have a country based on a more productive economy, with more innovation, and more sustainable.”
Source: Ambito
