📋 Tender Overview
The Korea International Cooperation Agency (KOICA) in Peru announces a great opportunity aimed at startups, both local and international, that are interested in being part of the renowned Startup Acceleration Program. The main purpose of this program is to stimulate innovation and entrepreneurship, especially in the field of Information and Communication Technologies (ICT), within the national territory. This call takes the form of a tender, standing out for its focus on the promotion and development of the innovation and startup ecosystem in the country.
Promoting ICT Innovation and Entrepreneurship in Peru
KOICA Peru, an international cooperation agency based in the country that seeks to strengthen innovation and entrepreneurship based on ICT through its Startup Acceleration Program. This initiative aims to support and promote the growth of Peruvian startups, encouraging financial investment in the sector and contributing to the development of a vibrant innovation ecosystem.
Call Details
The call to participate in the Peruvian Startup Acceleration Program is aimed at international and local bidders interested in being local partners in this exciting project. The program will operate under a blended funding approach, providing support to startups considering this strategy. In addition, work will be done to strengthen the University Innovation Network (RUI), a key network in the development of capacities in the field of innovation and entrepreneurship.
The duration of this program will run from the contract date until November 30, 2024. The estimated budget for fee management and grant budgeting amounts to USD 750,000. This amount includes all taxes and related costs. Importantly, KOICA's grant budget (equivalent to $500,000) is an integral part of the fixed price financial proposal.
How is the participation process?
The deadline for submission of proposals is October 11, 2023 at 5:00 pm (Peru local time, subject to change). Those interested in this opportunity should read and understand all the tender documents provided (the documents and presentation are in English).
All the necessary information, including details of the participation process, is available on the official website of KOICA Peru: It is also possible to stay updated through the Facebook page of KOICA in Peru: https://www.facebook.com/koica.peru
What results are expected?
Obtaining the good pro for the operation of this Peruvian Startup Acceleration Program aims to achieve two main results:
- Operation of KOICA's startup support program through a Blended Financing Approach: This program seeks to provide effective support to participating startups, promoting financial investment and contributing to the sustainable growth of the innovation and startup ecosystem in the country.
- Support for the Operation of the University Innovation Network (RUI): Recognizing the importance of educational institutions in the training of entrepreneurs and the promotion of innovation, this program will work on strengthening the RUI for a broader and sustainable impact.
About KOICA Peru
The Korea International Cooperation Agency (KOICA) was founded in 1991 as an agency of the Government of the Republic of Korea to implement and manage Official Development Assistance (ODA). KOICA has opened offices abroad in different countries, including Peru. The KOICA Country Office in Peru was established in 2000. The main function of the Country Office is to provide grants and technical assistance for the implementation of bilateral and multilateral development projects in Peru. KOICA's current partnership strategy in Peru focuses on health, governance and environmental protection.
