Network Member

PBA (Panama Business Accelerator)

Panama

Overview Highlights Success Stories Statistics

Contacts	Manuel Lorenzo mlorenzo@cdspanama.org http://www.cdspanama.org
Objectives	The infoDev-funded work program is to facilitate new activities that will help the incubator to reach out to more prospective clients all over the country and to deliver better solutions for them. Specifically, the new activities are to include the following: creating a seed capital fund for PTBA that will enable it to start new ventures; developing a national business plan competition to create awareness of the incubation system and what it can offer in the entrepreneurial sector to help create a stronger incubation base; formulating an incubator training course for the country in Spanish and a methodology that can be applied across all the other incubators in Latin America; serving as a virtual incubator to complement the work of PTBA as well as to expand the reach of the incubator to more entrepreneurs preparing business plans using the methodology already approved by the incubator; finalizing an online training course for entrepreneurial development that local universities can offer.
Description	---------------
Interests	The infoDev-funded work program is to facilitate new activities that will help the incubator to reach out to more prospective clients all over the country and to deliver better solutions for them. Specifically, the new activities are to include the following: creating a seed capital fund for PBA that will enable it to start new ventures; developing a national business plan competition to create awareness of the incubation system and what it can offer in the entrepreneurial sector to help create a stronger incubation base; formulating an incubator training course for the country in Spanish and a methodology that can be applied across all the other incubators in Latin America; serving as a virtual incubator to complement the work of PBA as well as to expand the reach of the incubator to more entrepreneurs preparing business plans using the methodology already approved by the incubator; finalizing an online training course for entrepreneurial development that local universities can offer.
Services	Facilities: ICT services Facilities: Office space Facilities: Shared laboratories Facilities: Shared workshops Facilities: Special rates with service providers Finance: Equity Financing Finance: Financial management training Finance: Financial management/accounting services Finance: Linkages to financiers Finance: Seed Capital Finance: Venture Capital Incubation and Business Development: Business information Incubation and Business Development: Business management and development advisory services Incubation and Business Development: Incubation program for resident clients Incubation and Business Development: Mentoring/coaching Incubation and Business Development: Pre-incubation services Incubation and Business Development: Training in business management International Business Services: Help entering particular markets International Business Services: Trade facilitation Networks and Synergy: Facilitation of linkages between incubates Networks and Synergy: Networking events Networks and Synergy: Referrals to business professionals Technology Transfer: Help with commercializing technology Technology Transfer: Help with intellectual property/patent advice
Year Opened	2000
Type	NGO (This incubator is associated with a technology park)
Model	Not-for-profit
Sectors	Agriculture Information and Communication Technologies Manufacturing Mixed Use Textile
Target Population	Rural poor Urban poor Women Youth
Advocacy	This organization actively works to improve innovation and entrepreneurship policy and regulation

Network member awarded USD 2 million to support dynamic businesses in Panama

12 August 2009 | The City of Knowledge has signed an agreement with MIF - IDB to support the development of the entrepreneurial culture and the increase of dynamic businesses in Panama and to establish a sustainable scheme for the promotion, incubation and financing of these developments. More

Panamanian Female Entrepreneur Awarded in France

5 July 2008 | More

Space

	Business Incubator	Technopark
Buildings	1	19
sq.m. available in total	2500	47500
sq.m used for incubator services/admin	2500	30000
sq.m. rented by client firms	15	72

Clients

	On-Site	Technopark
	Business Incubator
Number of client firms	15	65
Number of employees in client firms	45	650

Graduation

Number of graduated firms	1	18
	Last Year	Total*
Number of employees in graduated firms	10	46
Companies still in operation 3 years after graduation	1	10

*since beginning of incubator operation

Note: Is in regular contact with (most of) the graduated firms

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The World Bank | 1818 H Street NW | Washington, DC 20433 | USA

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Last Updated
01 March 2010

iDISC

Network Member

PBA (Panama Business Accelerator)

Panama

Network member awarded USD 2 million to support dynamic businesses in Panama

Panamanian Female Entrepreneur Awarded in France