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CATIE Launches second Seed Capital Fund competition for rural enterprises
- Nine ventures in the initial business and prototyping stages and six ventures in the start-up stage will be supported.
May 24, 2021. The Development Banking System (SBD, its Spanish acronym) and CATIE (Tropical Agricultural Research and Higher Education Center), through its ACTIVA Innovation and Entrepreneurship Lab, launched last Friday, May 21, the second call for financial resources and training for the best entrepreneurial proposals in the rural sector of Costa Rica.
The Seed Capital Fund competition seeks to promote the development of rural enterprises that generate environmental, social and economic benefits and contribute to decarbonization. SBD funds are channeled through the operating agency, Activa CATIE.
During the process, a maximum of nine ventures in the initial ideation and prototyping stages will be selected for an amount of USD 10,000 and a maximum of six ventures in the start-up stage will be selected for an amount of up to USD 12,000.
The selected enterprises will benefit from a cycle of specialized training and consulting services, as well as visibility and a network of contacts that will help them strengthen their ventures, with the aim of generating businesses with growth potential in rural areas of the country.
"This also contributes to the generation of jobs in rural areas of Costa Rica and the development of sustainable and inclusive businesses that will contribute to the achievement of the plans and strategies of the national government in terms of sustainability and climate change," explained Vladimir Valera, director of ACTIVA.
According to the SBD, this initiative responds to the institutional interest in supporting enterprises and promoting productive projects that can contribute to the decarbonization of the country.
"In my capacity as president of the SBD Governing Council, rector and minister of Economy, Industry and Trade, I am pleased to express the importance for the Council to support entrepreneurship projects with a rural development approach, which generate economic benefits, but at the same time environmental, social and contribute to the processes and actions for the decarbonization of the economy, following the strategic path of the SBD," said Victoria Hernandez, president of the SBD Governing Council.
Minister Hernández also explained that the SBD will continue to strengthen the entrepreneurial ecosystem with financial instruments that support the generation of new businesses.
In the first week of the call, more than 120 entrepreneurs have already registered on the ACTIVA CATIE platform to apply for the resources of this second call, which gives an idea of the impact and importance of CATIE's actions in the rural development of Costa Rica.
Director of Activa