San Jose, Costa Rica (PRWEB) February 26, 2016
Carao Ventures (Carao) and EY Central America (EYCA) have entered into an agreement with the objective to further strengthen and develop startup investment and acceleration activities in Central America, Panama and Dominican Republic (the Region).
Carao and EYCA recognize that new, skillful and innovative entrepreneurs are emerging more than ever in the Region, encouraged by the significant opportunities that the Region continues to offer and the wide range of new technologies that are fusing the physical, digital and biological worlds; transforming entire industries, businesses and our lives.
The strength of Carao and EYCA creates an unprecedented and exceptional force in the Region, ideally positioned to maximize the potential of those opportunities, specifically in identifying highly innovative startups lead by talented entrepreneurs and providing them with support and access to funds and resources, to build valuable enterprises that serve regional and global markets.
For Carao, the ability to fully leverage the entire EYCA network and knowledge base, as well as its footprint in the Region, will result in significant value added for those startups seeking Carao’s investment and acceleration services.
For EYCA, identifying and building relationships, and working with disruptive and innovative technologies and other breakthrough companies at an early stage, will secure future business, build stronger market insights and help larger corporations integrate innovation from startups into their own organizations, to address challenges in a disruptive environment and to ensure their continued growth.
S2B Venture Capital, a Costa Rican venture capital firm, assisted in the structuring of the agreement.
Carao Ventures is a leading startup investment and acceleration firm in Central America, based in San José, Costa Rica. Its portfolio includes startups such as BildTEK, Bellelli, Slidebean, Junar, Speratum, Leaf, GoPato, GoPass, Singularities and others. Carao was founded by Allan Boruchowicz and Adrián García in 2012, a solid team of investment professionals with extensive experience in Central America and in the field of startups. Currently, Carao operates a startup acceleration process that leads to investment by a network of 30 angel investors from Central and North America. In the medium term Carao will launch its first venture capital fund to expand and broaden the investment focus in the Region and in new segments.
For more information please visit http://www.caraov.com
EY Central America is a regional leader in Tax, Legal, Transaction, Advisory and Assurance services, in the five countries of Central America, Panama and Dominican Republic, with over 1000 professionals, delivering insights and quality services in a seamless and integrated manner, that help build trust and confidence in the capital markets and in the economies of the Region. EYCA develops outstanding leaders who team up to deliver on the promises to all of its stakeholders. In so doing, EYCA plays a critical role in building a better working world for its people, its clients and its communities.
EYCA is a separate legal entity member firm of Ernst & Young Global Limited, a UK company limited by guarantee that does not provide services to clients.
For more information please visit ey.com