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Latin America Investment News on Viva Tropical

$5 Million Donated to Fund Small Businesses in Panama

Article Summary:

Panamanian entrepreneurs with innovative ideas will have more financing options through the City of Knowledge in 2013, when a $5 million fund created by the Venture Club of Business Accelerator Panama (AEP), starts making donations.

Photo Credit: PanamaHatFacts

Original Article Text From Prensa via Google Translate:

5 million to undertake in 2013

Entrepreneurs with innovative ideas will in 2013 more financing options through the City of Knowledge, by the creation of a fund of $ 5 million from domestic and international investors to support them within the Venture Club of Business Accelerator Panama (AEP) .

“Many of the 26 investors in the first stage of the Venture Club want to participate in this fund now,” said Manuel Arrocha, AEP project manager. The contributions of so-called “angel investors” ranging from a minimum of $ 50,000 and up, and are used to finance small businesses and start ups and established, especially technology and high growth potential, “although it can be any sector unless they cease innovative, “said Arrocha.

The return or return of capital contribution “is very flexible, try the entrepreneur does not feel compromised as a traditional financial institution,” he added.

During the process of financing, equity partner contributes money through disbursements as the entrepreneur will meet the milestones, and in return the investor gets a stake in the company from 10% to 40%. “The angel never tries to take control of the company, it is the entrepreneur who created it, and is in day to day business,” said Arrocha.

Link to Original Article:

From Prensa

Latin America Investment News on Viva Tropical