The most successful economic periods in the Dominican Republic have been fuelled in the past by growth in tourism, telecommunications and maquiladora manufacturing but a handful of entrepreneurs are working to add new pioneers across all economic sectors. As part of my recent series on Latin America, we take a quick look at developments from the Dominican Republic.
In July 2012, the Multilateral Investment Fund (MIF), the Development Bank of Latin America (CAF), and local tech-based business incubator Emprende signed a $1.2 million agreement establishing the first seed capital fund in the Dominican Republic. The authors were smart to avoid the mistakes of other governments and establish it as a co-financing mechanism, allowing entrepreneurs to raise resources from the private sector through the Enlaces angel network. Only when angel investors have allocated capital in early-stage development ventures can entrepreneurs be considered for funding.
To read the full, original article click on this link: Searching for Momentum in the Dominican Republic - Entrepreneurship.org
