the mif blog

Stories of inspiring entrepreneurs and organizations, discussion and commentary of new trends in private sector development, and the latest events and publications.

Progresa Capital: Pioneering Venture Capital in Colombia

By Yuri Soares

Founded in 2009 by Promotora, the investment banking affiliate of the Colombian conglomerate Grupo Sura, Progresa Capital was the first full-fledged Colombian venture capital fund managed by a local team. 

Venture Capital: Driving Economic Growth

By Yuri Soares

Startups and scale-ups create the vast majority of jobs in the formal economy, providing, on average, 66 percent of jobs worldwide and the greatest share of jobs in low-income countries. Moreover, small and medium-sized enterprises are important not just for job creation, but also for economic growth, thanks to their outstanding capacity to increase productivity through innovation. 

VOX Capital: Investing in sustainable market-based solutions for Brazil’s BoP

By Yuri Soares

Founded in São Paulo, Brazil in early 2009, Vox Capital is a venture capital impact investment management company that focuses on small and medium-sized enterprises (SMEs) serving low-income populations.

Piloting innovations in the agriculture value chain that improve productivity and reduce climate impact

By Yuri Soares

Climate-Smart Agriculture is one of our new strategic areas. Yuri Soares, the unit's head, says that agriculture and livestock technologies have increasingly become unsustainable. Agriculture and land use in Latin America and the Caribbean is the main regional contributor to greenhouse gas emissions, which is part of the reason why this new area aims to "boost smallholder productivity in a climate resilient manner." 


Venture Capital: Driving Economic Growth in Latin America and the Caribbean

By Yuri Soares

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Startups and scaleups create the vast majority of jobs in the formal economy, providing, on average, 66% of the jobs worldwide, and the greatest share of jobs in low income countries. Moreover, the small and medium enterprise (SME) sector is important not just for job creation, but also for economic growth, thanks to its outstanding capacity to increase productivity through innovation. For example, approximately 85% of growth between 1900 and 1950 is attributable to innovation, rather than increased usage of inputs, and the financing of SMEs via risk capital —most notably venture capital, which is also called smart capital because it combines financing with active hands-on support— has been found to be three to four times more effective at generating innovation than other alternatives, such as corporate research or development funding.

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