Inadem considers issuing bond in the US for $100mn for entrepreneurial projects

Inadem considers issuing bond in the US for $100mn for entrepreneurial projects

The National Entrepreneur’s Institute (Inadem) is analyzing options to issue a bond in the United States to channel resources through non-bank financial intermediaries for high-impact projects involving environmental, cultural and social topics. The pilot would total US$100mn, said Adriana Tortajada, director of Inadem’s Entrepreneurial and Financing Programs.

“We were negotiating with the Kauffman Foundation on how to raise the bond. We opened the door for negotiations and the idea is that it would be operating in 2015,” Tortajada said in a phone interview. “We still haven’t identified how many entrepreneurs we’re going to support through this pilot, we still have to find out how much appetite Kauffman has and what type of financial intermediaries. With that we’ll be able to define the ticket.”

The pilot would work as part of the Diáspora Latina Project — one of seven working subcommittees of Museic — whose objective is to attract Mexican entrepreneurs abroad so that they support entrepreneurs in Mexico.

Tortajada was part of the Mexican delegation, headed by Inadem President Enrique Jacob, who traveled to Washington, Texas and New York in September to meet with key agents of the US entrepreneurial ecosystem. Inadem’s objectives included taking the work programs of the Mexican-U.S. Entrepreneurship and Innovation Council (Museic), which began operations in Mexico in 2013.

“We were interested in repositioning the real commitment of launching specific pilots to attend to entrepreneurs,” Tortajada said.

Adolfo Ortega

Adolfo Ortega

Es periodista desde 1996. Trabajó en Reforma, El Universal, dineronet.com, El Independiente y Entrepreneur. Co fundó una empresa de inteligencia de mercado. Fue editor general de la revista Expansión y Publisher de Chilango y QUO. Es editor en jefe de Ventura México.