First Tuesday Brings Together Entrepreneurs and Investors

In El Salvador, PROinnova has the global network franchise that helps link entrepreneurs with venture capital investors.

Thursday, April 30, 2009

First Tuesday operates in 18 countries by promoting the emergence of new companies, especially supporting them in their initial stages, with emphasis on innovative projects.

PROinnova is a program of the Salvadoran Foundation for Economic and Social Development (FUSADES), aimed at strengthening the SME sector with funding from the IDB.

The program works by giving aspiring entrepreneurs the opportunity to present business projects to a panel of investors who ultimately select the most promising ones, offering financing and management support, among other methods. The meetings generally occur the first Tuesday of every month.

More on this topic

Entrepreneurs with no Reasoning

January 2011

Nonconformists are those who believe, against all reason, that things can be done differently and better. These are the brightest entrepreneurs.

They are of crazy ideas. Often misunderstood by their social environment and even businesses, which are usually conservative and risk averse.

Chile Attracts Entrepreneurs

January 2011

Chile offers $ 40 thousand to entrepreneurs to live six months in Chile, raising capital, hiring people, creating and doing business.

The Chilean government announced the 2011 version of the Start-Up Chile program, which in 2010 created 25 groups of entrepreneurs, generating specific results already constituting companies with international impact.

First Tuesday Opens in Panama

May 2010

It fosters entrepreneurship by creating business networks; they connect innovators and entrepreneurs with angel investors.

In Latin America, First Tuesday already operates in El Salvador and Chile, and is expected to open soon in Argentina, Colombia and Peru.

José Chen Barría is the executive director of Panama’s Foundation for Economic and Social Development (Fudespa), and responsible for bringing the program to Panama.

Entrepreneurs are Missing in Latin America

May 2009

The list of reasons for this serious absence begins with the culture of salaried employees, which is instilled at home and in educational institutions.

In Latin America, the general idea is that the success of a young person is his/her school grades, then how soon he/she graduates from the university and, ultimately, how fast he/she gets a good job.

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