Uruguayan company builder ThalesLab and the National Agency for Innovation and Research (ANII) signed a co-investment agreement for two innovative verticals: blockchain technology (which impacts a number of industries), and autonomous vehicles for agriculture. With this instrument, ventures related to these verticals will be able to receive an injection of seed capital, among other benefits.
In the framework of the COINVESTMENT WITH PRIVATE EQUITY FUNDS programme - a pilot joint investment programme between private funds and the ANII, which allows entrepreneurs to access investment and specialised technical advice - ThalesLab is calling for technology startups in the areas of blockchain and small autonomous vehicles for agriculture and industry. "We are looking for startups with high growth potential, an innovative business model, and highly qualified founding teams," says ThalesLab director Sylvia Chebi. In both technology areas, ThalesLab is developing platforms that allow startups to experiment and develop solutions without having to start from scratch.
The startups selected by ThalesLab and ANII will be able to access a contribution from ANII of up to $3,000,000 (in the form of a grant) accompanied by a private contribution of up to $1,500,000. ANII and the fund may make a second investment (in this case it will be in the form of a contingent repayment loan).
Those ventures that want to work with Blockchain, or that want to impact the country's agricultural and industrial sector using small autonomous vehicles, should apply through ThalesLab.com.
The selected startups will receive investment from the COINVERSION WITH PRIVATE EQUITY FUNDS programme, but will also receive technical and methodological support and monitoring from ThalesLab.
The training and follow-up programme that all ThalesLab startups go through covers state-of-the-art entrepreneurship methodologies, practical tools, advice from renowned businessmen and entrepreneurs, mentoring, collaboration in the design of the strategy, access to national and international networks.
About ThalesLab:
ThalesLab is a company builder whose objective is to create innovative technology companies from Uruguay, developing cutting-edge technologies and boosting national talent, leveraging their development through the support of professionals and entrepreneurs recognised for their experience and trajectory as well as for their networks of contacts. ThalesLab brings together investors from different areas who make available not only their investment capacity but also their know-how and social capital to support the different ventures. Today ThalesLab is supporting projects in the areas of Fintech, Agrotech, Augmented Reality, Artificial Intelligence, entertainment, IoT, social impact, among others.
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