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Dec 5, 2018

BELTRAIDE Educates Entrepreneurship Ecosystem on “Angel Investment”

Belize Trade and Investment Development Service, in collaboration with the European Union, hosted a one-day workshop on financing options available through the Angel Investment methodology. Belize is one of four countries within the SICA region to receive this training that seeks to promote entrepreneurship by teaching participants about the policies related to risk capital from Angel investors. News Five’s Andrea Polanco stopped in at BTEC and files the following story.

 

Andrea Polanco, Reporting

Belize is not short on innovative business ideas and plans. But the finance for such ventures is what has kept many businesses from getting off the ground. BELTRAIDE wants to change that by getting innovative micro, small and medium entrepreneurs ready to connect with “angel investors”. But for businesses tap into the opportunities of the Angel Investment Network, they need to understand how this financing system works. So, today business owners, institutions that work with entrepreneurs, financial institutions who are all members of Belize National Entrepreneur Ecosystem, are participating in workshop to learn more about this type of financing.

 

Wendy Hernandez

Wendy Hernandez, Projects Officer, BELTRAIDE

“We are gonna be given educational material so that we could understand what angel investment is, how it can provide risk capital to newly established ventures and the impact it can have on the SME industry and the impact it can have on the development of the country and the SICA region.   So, what we are doing here is just an introductory, educational workshop where we want them to know what are the opportunities, the policies and the programs that are within this SICA region that these persons can take advantage of.”

 

The angel investment network is made up of entities or individuals who provide the risk capital for business start-up and in return they may ask for ownership equity or to convert the debt into a certain number of its common shares.  But the angel investment network brings more than just capital.

 

Wendy Hernandez

“Many of the ventures here have problems acquiring finance. So, angel investment is a type of – these are people who have the expertise, these are people who have the money and these are people who have the network.”

 

Facilitator Ariel Castillo says the benefit of solid angel investment is felt in the economic growth of countries like Costa Rica and Dominican Republic. But for angel investors to put risk capital into a business– those ideas must be dynamic and have potential to grow.

 

Ariel Castillo, Facilitator

“They can definitely grow their business and that is obviously going to help the economy of the country because that is going to create more jobs. There is also a lot of opportunity to raise exports and I think also raising that capital could definitely help those companies.”

 

Ariel Castillo

Andrea Polanco

“In order to tap into these opportunities for an angel investment to invest in their business, what would they need to show or to have?”

 

Ariel Castillo

“The first thing is, try to identify that it is a dynamic entrepreneurship; which means that it can grow more without having more resources in the sense that it can be technology or something related to exports. And showing the numbers is definitely something that helps.”

 

Wendy Hernandez

“They will analyze your idea and see if it has any potential and if it does, they would be willing to invest in your business and provide risk capital. Primarily, the first startup that they would do would be ten percent and then they would analyze and see how much more they can invest in your business.”

 

Reporting for News Five, I’m Andrea Polanco.

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Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

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