American Angel investors met Ecuadorian Entrepreneurs who are seeking to expand their business, possibly into the U.S and other international markets. The event took place at the Embassy of Ecuador in Washington, where investors had the opportunity to hear firsthand from the Ecuadorian entrepreneurs.
Thanks to the partnership between the Ecuadorian Embassy in Washington, IXEL Global LLC and Alianza para el Emprendimiento e Innovación del Ecuador, the finalists received technical training and business presentation coaching in preparation for their final business pitch. During the presentations, the angel investors had the opportunity to ask each candidate specific questions about their companies and their business plans.
The entrepreneurs that successfully presented their ideas will have the opportunity to meet privately with the interested investors to discuss the details of their potential partnerships. Among these meetings, there is the possibility for the Angel Investor to go to Ecuador to visit the companies in person during the first quarter of 2015. The event was presided by Ambassador Efrain Baus, who also serves as the current Deputy Chief of Mission.
During his remarks, Ambassador Baus said, “This is a very special event for the Embassy here in Washington. Investment and commerce are powerful forces. They can serve as connective tissue binding people of different cultures, geographies, and religions together. Trade and investment can help a country like Ecuador grow and develop, and in the process lift up millions of our families, communities, women, and children to a better life.”
The event was attended by representatives of four Ecuadorian companies that presented their business plans, among the participants: CIALCO presented a plan to expand their boutique hotels in Quito; Plantain Republic proposed a plan to improve its factory equipment to be able to produce more and meet the market demand. Hipertronics presented a plan to expand the production of cellphone, and Business Minds proposed a plan to expand its business software and consulting services. The event also had the attendance of six different representatives from American investor companies.