Venture Capital Fund, the new product of the National Financial Corporation

Ecuadornews:

The National Financial Corporation (CFN for its Spanish acronym) will launch a new product by the end of June: the Venture Capital Fund announced the chairman of the board of directors of the agency Maria Soledad Barrera during the award ceremony of the winners of the contest League of Extraordinary Entrepreneurs 3.

The Fund will be aimed at financing entrepreneurship and unlike the Entrepreneurs’ League, where funds for the prizes (which this year amounted to $ 100 thousand) come from the private sector; the funds will come from the CFN.

Barrera added that $ 20 million are already reserved for the Fund, which will be delivered to a trust. For this purposes, an expert in investment and entrepreneurship will be hired (I).

Source: http://www.eluniverso.com/noticias/2017/05/18/nota/6188146/fondo-capital-riesgo-nuevo-producto-cfn