Early-stage investment is one of the key elements that help a startup grow from a small, local enterprise into a source of innovation, employment and economic growth. This is particularly true in emerging economies, where local investment networks struggle to support science and technology startups.
In order to create sustainable investment networks, the Global Innovation through Science and Technology (GIST) Initiative has created the Investor Mobilization Training program (GIST Investors). Through implementation partner VentureWell, GIST Investors will work with in-country stakeholders in the entrepreneurial ecosystem to bolster local financial support for startups.
GIST Investors is a public-private partnership with the U.S. State Department, private businesses, academic institutions and international organizations. Through a bottom-up approach, GIST Investors will work with local, in-country investors to create sustainable investment networks and strengthen existing investment communities. The year-long program includes in-country training for local investors and will help strengthen the financial resources available to early-stage startups in science and technology.
Rather than building new networks, GIST Investors will focus on existing investor communities and networks in order to provide local support for startups. The program identifies key investors within a country or region who can benefit from participating in the training program. As part of their training, these investors will learn how they can strengthen the local systems in place that foster entrepreneurs.
The goal of GIST Investors is to provide high-net-worth individuals with the knowledge, skills and networks needed to invest in new startups or expand existing businesses. Program participants who complete GIST Investors will receive certification for their investment training.
If you represent a formal investor network, venture capital firm or investment fund and are interested participating in the GIST Investors program, contact Eli Velasquez at [email protected].
Photo Credit: Flickr | Hamza