The Investors Network of the Americas will seek to reduce the financing gap for Latin American startups to boost their development.
Uruguay and USA announced the launch of a angel investor network for up to 1 billion dollars, within the framework of the meeting of the Alliance for Economic Prosperity in the Americas (APEP)for its acronym in English). This will be focused on supporting Latin American entrepreneurs, and its objectives are to “close the financing gap, boost economic growth and strengthen startup ecosystems in the region,” according to the government, which also announced the key role that it will play. Uruguay Innovation Hub in the initiative.
The Americas Investors Network was announced at the White House by the Minister of Foreign Affairs, Omar Paganini, along with the US National Security Advisor, Jake Sullivan, and the administrator of the United States Agency for International Development (USAID), Samantha Power. The initiative is supported by Endeavor Miami and IDB Laband was designed to mobilize so-called “angel” investments, which are necessary in the early stages of a project and, in this case, will be directed to innovative entrepreneurs in Latin America and the Caribbean.
Likewise, and in the search to reduce the funding gap that many face Startups Facing larger institutional investors—providing the resources needed for growth and expansion—the investment network will have an initial commitment of up to $1 billion.
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“By strengthening the ecosystem of startups and promote sustainable economic growth, the Network not only fosters innovation but also strengthens economic resilience and security in the entire region,” the government said based on official information on the initiative, which also aims to encourage new Latin American companies to expand into the US market, strengthening economic development throughout the Western Hemisphere and improving economic ties with the USA; within the framework of the APEP, which in turn seeks to make America the most economically competitive continent in the world.
The key role of Uruguay Innovation Hub
“Our collaboration in this initiative through Uruguay Innovation Hub underlines our commitment to fostering entrepreneurship and economic development in Latin America. We believe this network will serve as a catalyst for startups to thrive and expand into international markets, including USA, thus improving the economic security and stability throughout the region,” Paganini said during the presentation of the investment network.
Uruguay Innovation Hubwith the support of Endeavor Miami, will play a crucial role in facilitating connections between investors and founders, and Latin American companies. Leveraging the extensive network and experience of both firms, the goal is to ensure that startups receive not only the necessary access to funding, but also the strategic advice and mentoring needed to successfully scale their businesses. This support is vital for entrepreneurs to navigate the complexities of early-stage growth, optimize their business models, and achieve sustainable success.
Source: Ambito
