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BELTRAIDE SHOW ENTREPRENEURS HOW TO ACCESS FINANCING

December 07
12:44 2018
THE REPORTER: News Staff, -  

The Belize Trade and Investment Development Service held a one-day workshop this week, showing Belizean entrepreneurs how they can access financing to start up or grow their businesses through Angel Investors.

Angel Investor are also known as a business angels, informal investors, or angel funders, and are either wealthy individuals or groups who provide essential capital for business start-ups based on an evaluation methodology to ensure business viability.

BELTRAIDE hosted the workshop, held at the Belize Training and Employment Center (BTEC) office at the ITVET Compound in Belize City, in collaboration with the European Union and the Regional Center for the Promotion of Small and Micro Medium Businesses in the Central American Integration System (SICA) region. The goal of the workshop was to sensitize participants, organizations that work with entrepreneurs and financial institutions, on the essentials of accessing Angel financing.

Wendy Hernandez, project officer for BELTRAIDE, explained that Belize is one of four countries within the SICA region to receive the training, and that Angel investing has made a positive impact on businesses in several countries which have had problem generating capital.

“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,” Hernandez said.

She said that once the organizations that work with entrepreneurs are familiar with the processes involved with Angel financing, they can then share that information with their entrepreneurs and see if it would be a viable option to take their business forward.

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