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News

JUN 25th, 2012

IE Business School presents Colombia Venture Day

The event will take place on June 28 with the support of key sponsors that include Innpulsa Colombia, Dataifx, Bavaria, Colombia’s Minister of Commerce and Wayra.

Following the success of Venture Lab events in Shanghai and Madrid held at the end of each year to present business initiatives of IE Business School students to investors, IE Business School Venture Lab has now extended its reach to Bogota. The Colombian capital is the first Latin America city to host the event as part of its drive to serve as a hub for investors and entrepreneurs.

Colombia Venture Day is set to take place on June 28 at the Telefónica Auditorium, and will enjoy the support of key sponsors that include Innpulsa Colombia, Dataifx, Bavaria, the Colombian Chamber of Commerce  and Wayra.  The event will serve as a meeting point for over 200 participants who will comprise entrepreneurs, investors, academics, along with all other components of the entrepreneurial ecosystem.

Strengthening the entrepreneurial ecosystem

Representatives of Colombia’s leading investment funds will be present at the event, including Axon Capital, Fondo Inversor, Promotora, Capitalia and Tagua and the Bavaria business angels network and Los Andes business angels network, which are interested in evaluating projects of up to $1 million.

A total of 46 business projects have been presented for inclusion in the IE BUSINESS SCHOOL COLOMBIA VENTURE DAY, 60%  of which are technology-based, 12% are from the industrial sector, 10%  are from the agrifood sector, and 6% are related to consulting.

Although there is a special focus on the IE Business School alumni network, one of the main focuses of the Business School, ranked among the top 10 worldwide, has been to open up the IE BUSINESS SCHOOL COLOMBIA VENTURE DAY to include initiatives submitted by any entrepreneur. The projects came from the following sources:

  • IE Alumni - 23%
  • Projects from entrepreneurs that have worked with Wayra – 19%
  • Independent Colombian entrepreneurs – 15%
  • Finalists from the Ventures Competition– 13%
  • Projects referred by Corporación Ventures – 9%
  • Projects referred by the Ministry of Information and Communication Technologies – 9%
  • Projects presented by IE students and candidates – 6%
  • Projects referred by the Bavaria investment angel network – 4%
  • Projects referred by investment funds – 2%

Speakers

Speakers at the event will include Santiago Iñiguez, Dean of IE Business School, who will make the opening remarks, and Carlos DeHart, Vice Minister of Business Development of the Republic of Colombia.

The morning session will comprise a series of round tables and master classes with the participation of Juan José Güemes, Director of IE’s International Center for Entrepreneurial  Management, and the Director of the IE Business School  Venture Lab, Paris L´Etraz, who will bring the workshop to a close with thoughts on Why we all have to think about entrepreneurs.  In the evening the finalist projects will be presented and the winners will be announced.