The creation of a Fund of Funds (FoF) is proposed by an Endeavor study, which was carried out with the support of the ACVC.
The work proposes that the entity be a public-private mix, where the State acts as a limited partner -a partner that contributes, but with restrictions- and the administration is executed by an independent professional manager, selecting venture capital funds. The objective is to have financing for startups in higher stages of growth, something that does not exist in Chile today.
This FdF could mobilize some US$ 600 million in the Chilean ecosystem, which would enable the promotion of 80 startups and scaleups with global reach. This could have an economic and social impact of around US$ 2 billion.
The initiative had its basis in a minute made by the ACVC that was delivered in 2018 to the Ministry of Economy. It already evidenced the scope and impact that an FdF can have.
Here you can read the full study https://bit.ly/3r6u0w8 and also see the article that PULSO dedicated to the report https://bit.ly/3eb9y8b
