WASHINGTON, CMC – The IDB Lab, the innovation lab of the Inter-American Growth Financial institution (IDB) Group, has launched a brand new initiative that can act as a bridge between Latin America and the Caribbean (LAC), enabling U.S. corporations to search out alternatives within the South.
The IDB Lab stated the initiative is being undertaken in collaboration with TechnoArt, the worldwide platform for the expansion of know-how startups.
It describes Miami LAC Gateway because the alliance’s first program particularly designed for Latin American and Caribbean corporations that wish to enterprise into the U.S. market. It provides that U.S.-based corporations searching for enlargement alternatives in Latin America and the Caribbean can even profit from the initiative.
By establishing a strategic base of operations in Miami, startups will be capable to develop their companies by leveraging IDB Lab and TechnoArt’s community of contacts. This system will facilitate entrepreneurs’ connections with native traders, startups, accelerators, service suppliers, and consultants within the corporations’ enterprise areas. It’ll foster progress alternatives and assist entrepreneurs purchase new shoppers, establish strategic companions and entry capital to develop their companies.
IDB Lab and TechnoArt are concurrently launching the Gateway platform, which is able to enable corporations to entry a worldwide market and promote their merchandise on-line.
Corporations wishing to take part in this system should exhibit their potential to scale, have a technological base, and have an modern enterprise mannequin. Startups whose groups are inclusive when it comes to gender and variety will obtain particular consideration.
“This program helps Latin American and Caribbean startups of their foray into the U.S. market and U.S.-based corporations exploring new avenues of entry into our area.
Gateway will create affect by bridging the Americas, which is able to open up funding alternatives and new methods to assist the expansion of modern ecosystems,” stated Irene Arias Hofman, UDB Lab’s chief government of offiTristan.
Jehan, TechnoArt’s basic supervisor, stated the corporate appears ahead to assembly the startups and supporting them by way of its regional connections.
“We imagine this program will open new progress alternatives for Latin America and Caribbean-based corporations and the Miami regional ecosystem. We’re delighted to facilitate this thrilling initiative.”
The 2 companions stated Miami’s financial and technological momentum and its many commonalities with Latin America and the Caribbean present a great backdrop for connecting U.S. capital and experience with rising expertise and innovation from Latin America and the Caribbean.
They stated this system additionally opens alternatives for town of Miami, which is able to profit from constructing bridges with the South, making it simpler to draw extra traders and capital and broaden its know-how corporations.
In line with a report revealed by IDB Lab, Miami startups which have determined to go worldwide create extra worth than these targeted solely on the home market.
“We welcome the Miami LAC Gateway to Miami-Dade County, a rising tech and innovation hub within the USA,” stated Miami-Dade County Mayor Daniella Levine Cava.
“Our vibrant tech ecosystem and powerful ties with Latin America make us the right location for applications like this, which offer new corporations and expert entrepreneurs with a base to scale their companies and construct their skilled houses in our modern tech hub County.”
Miami Mayor Francis Suarez congratulated IDB Lab and TechnoArt for launching this system within the metropolis:
“This is a superb alternative for growth-stage corporations to turn into a part of Miami’s increasing know-how ecosystem. We welcome new corporations seeking to make their house in Miami and thank IDB Lab and TechnoArt for selecting Miami because the hub for this extraordinary program,” he stated.
The Gateway program is supported by famend companions, together with Mastercard and regional traders Blumberg Capital, Liquidity Group, H2O, Ignia, and Femsa.
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