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Our latest press releases and project announcements. 

MIF invests in Mexican Venture Fund for Services Innovation

Jun 3, 2014

The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group, has approved a $2 million equity investment in Venture Innovation Fund II, a Mexican early stage venture capital fund that will provide long-term financing and value-added guidance on business development for up to 14 start-ups in Mexico.

Venture Innovation Fund II’s strategy will be to target companies in the health care services, financial services, and other technology services (education, e-commerce, etc.) sectors. Target companies will be at an early stage, and the Fund will make initial investments of at least US$ 400K with follow-on investments determined by company performance.  The fund will be managed by Venture Partners, LP, founders of the Venture Institute accelerator in Mexico City.

“The Fund’s commitment to financing innovative service technologies is not only expected to stimulate creation of high-skilled jobs, but also to expand access to health and financial services for underserved communities,” said MIF Senior Investment Officer Rogerio Ramos.

The MIF has an extensive track record investing in seed and VC funds throughout the Latin American and Caribbean region, and has pioneered the first efforts to build the industry in Mexico. All this experience will allow the MIF to provide relevant know-how during the Fund’s fundraising and operational stages.  The MIF will also add value to the new fund’s managers by facilitating access to a network of practitioners and potential partners, and by promoting the use of international best practices, environmental, and social standards in the fund’s corporate governance.

About the MIF

The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group, is funded by 39 donors and supports private sector-led development benefitting low-income populations and the poor - their businesses, their farms, and their households. The aim is to give them the tools to boost their incomes: access to markets and the skills to compete in those markets, access to finance, and access to basic services, including green technology. A core MIF mission is to act as a development laboratory - experimenting, pioneering, and taking risks in order to build and support successful micro and SME business models. More information at www.fomin.org.

 

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A new impact investing fund taking care of our natural resources for future generations!

This month, the MIF Donors Committee approved an investment of an investment of US$5 MM to Ecoenterprise Biodiversity Fund. Through this project, the MIF intends to support the Nagoya Protocol, a key element to the United Nations Convention on Biological Diversity. The intended result of the project is to provide growth financing to up to 18 sustainable and biodiversity-focused companies by helping them to grow, consolidate their business, and scale their operations and impact results. 
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El desafío de una agricultura climáticamente inteligente en el Chaco Paraguayo

La primera vez que escuché hablar del Chaco Paraguayo fue en mi clase de historia de quinto año. Ahí aprendí sobre la absurda Guerra de la Triple Alianza, donde una coalición formada por Argentina, Brasil y Uruguay luchó militarmente contra el Paraguay en 1864.  Esta guerra no sólo trajo pérdidas económicas y de territorio para Paraguay, que tuvo que ceder parte del Chaco a Argentina, sino que además el país quedó demográficamente devastado.  Hoy cuando escucho hablar del Chaco se me representa  una zona con potencial productivo y múltiples desafíos por delante.   
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