In a further step in the consolidation of the Venture Capital Chile brand, today Corfo officially launched its website. Along with this, the modifications to the lines of venture capital financing that the state entity has were presented.
All these initiatives are part of the progress in the evolution of the venture capital industry in the country, a public-private effort of which ACVC has been an active part.
At the meeting, José Miguel Benavente, executive vice-president of Corfo, highlighted this new stage. "From now on, this process will evolve with the arrival of international funds and others with strategic focuses, which will generate new financing opportunities for the development and expansion of Chilean enterprises, even beyond the borders of our country", he explained.
Francisco Meneses, Corfo's Investment and Financing Manager, spoke in greater detail about the recent modifications to the instruments used to provide financing and incentives to these investment funds. "With these adjustments we will increase the size of the Chilean industry with a greater participation of the private sector," he said.
The creation of this new brand plus the modification of Corfo's instruments go at the same pace of the advancement and maturation of the Venture Capital ecosystem in the country, assured Magdalena Guzmán, executive director of ACVC . "We welcome very well this news that will allow a new turn in the size of the funds that will accompany the #startups in more advanced stages. But they will also attract more investment and expertise from international fund managers, as well as more entrepreneurial talent from other parts of the world who will want to come to Chile to seek capital," she added.
Details of the initiative can be found at https://lnkd.in/dZwK6Z8a