The government chose the investment platform OurCrowd, of Israeli origin, such as the accelerator of startups who will lead operations in the country, within the framework of the program Uruguay Innovation Hub (UIH).
This project seeks to generate an impact at the local level, unlike the one presented last January, as part of an initiative of the Alliance for Economic Prosperity of the Americas (APEP), that involves a strategy with regional scope.
In the agreement, UIH requires OurCrowd to have a local presence in the LATU Technology Park, as well as investing in startups based in the country. The platform Israeli was presented with a strategic alliance, which includes the local business incubators Ingenio of LATU and CIE, of the ORT University, as well as with the international organization Mana Tech.
The consortium “marks a significant milestone in the Uruguayan innovation ecosystem, opening new opportunities for the internationalization of local ventures and strengthening links at the national level,” they highlighted from Uruguay Innovation Hub.
The Israeli company with a long history beat 13 other proposals
OurCrowd has a global community of more than 33,000 investors in 183 countries, with 11 offices open on 4 continents and a commitment to global expansion and support innovative startups in various industries.
To date, the firm has invested in companies located in Israel, United States, India, Canada, England, New Zealand and Australia, with investments in several companies that achieved the status of Unicorn.
The call, open from September 20, 2023 to December 5 of that year, attracted global attention, with 14 proposals from countries such as Argentina, Brazil, Canada, Colombia, Spain, United States, Estonia, Israel, Mexico and Switzerland.
OurCrowd was the platform chosen after an exhaustive evaluation carried out by an independent committee, which included, among others, Francisco Solsona (Google), Joaquin Morixe (Globant), Karen Bruck (Free market), Laura Fornasari (ARCAP) and Santiago García Da Rosa (entrepreneur and former Nowports).
Source: Ambito
