WMARANON

Transformation of Ideas into Projects

Recently, the Venture Capital Fund for Innovative Enterprises (STARTUP FUND) was established through Ministerial Resolution No. 036. This initiative is aimed at strengthening Bolivian startups in the areas of exports and national production focused on import substitution, thereby fostering a robust and dynamic entrepreneurial ecosystem in Bolivia.

Startups are emerging companies characterized by their innovative spirit and growth potential. They are born from disruptive ideas that, through novel products or services, have the ability to transform traditional economic sectors. Venture capital, on the other hand, is a form of financing aimed at companies with high growth potential. This type of investment allows entrepreneurs to access the resources needed to develop and scale their projects, while investors assume part of the risk in exchange for an equity stake in the company.

The relationship between venture capital and startups is crucial. Investors not only provide financial resources, but also offer strategic guidance and access to networks, which are essential elements for the success of startups. In this context, the STARTUP FUND has the distinctive feature that, through this mechanism, the Bolivian State becomes a facilitator of these resources, promoting innovation and entrepreneurship in the country.

The STARTUP FUND will benefit ventures with high growth potential that are characterized by their innovative capacity and the use of tools based on information and communication technologies. These ventures must be established in the fields of exports and national production oriented toward import substitution, and they will receive venture capital through the Productive Development Bank – Mixed Corporation (BDP – S.A.M.) or through accelerator companies.

To access the STARTUP FUND, ventures must demonstrate financial, operational, and strategic viability. In addition, they must have a credit situation free of overdue, ongoing, or written-off operations within the financial system, and must comply with the requirements established by BDP – S.A.M.

This fund will have a significant impact on young entrepreneurs and innovative individuals by providing them with the resources, support, and opportunities needed to transform their ideas into successful projects. It is essential that young people, entrepreneurs, and anyone with an innovative idea take advantage of this initiative, as it will offer key tools to develop their projects, generating a positive impact on the community, the economy, and the country. Furthermore, it will contribute to economic diversification, job creation, and the strengthening of a culture of innovation, which in turn will enhance economic development at the national level.

Author: Walter Marañon Quiñones