http://www.nafin.com/portalnf/?action=content§ionID=5&catID=527&subcatID=551
Description
Program 1. What is the objective of the program?
The "Support to Entrepreneurs" main objective is to identify projects of entrepreneurs, assess their feasibility and to find the financial support necessary to ensure their implementation, through the formation of "Angel Investors" and the application of various additional financial support (Equity funds that provide resources as a joint venture), thus contributing to promoting entrepreneurship and employment generation in the country.
2. What is the scope of the program?
The range is only in Mexico. It aims to support both new companies as established companies that have innovative production projects.
3. What is an innovative project?
A project is considered innovative when it fills a need unmet by the market, can be by product, service, distribution channel and / or a different business model.
4. Why what kind of companies that designed the program?
The program is designed for all types and sizes of companies provided they meet the requirements.
5. What are the requirements to participate in the Program of Support to Entrepreneurs?
entrepreneurs can submit their projects to meet the following requirements:
a) Have a business plan
b) Have a positive internal rate of return (which is attractive to an investor)
c) the entrepreneur willing to contribute time and resources to the project and resources required to develop (willing to accept members)
d) For projects of scientific development and technological developments and projects seeking prototypes tested in the process of registration of patents and trademarks
6. What is the process to participate in the Program of Support to Entrepreneurs?
projects are reviewed and released on the Internet portal, to which access "Angel Investors." Upon confirmation of interest by an investor in the project, arrange a meeting between the investor, the entrepreneur and Nafin, in order to establish the percentage of contribution between the parties. It starts the process of due diligence and have access to equity funds that the program has.
The format for a project to register on the website of Entrepreneurs you can order by calling 01-800-NAFINSA (01-800-623-4672), where you will gladly assist you and send you e-mail format to then answer it and send it to the address you specify.
can also request the form by email to any of the following addresses: acosorio@nafin.gob.mx and jquiroz@nafin.gob.mx
7. What are the groups of "Angel Investors"?
is a group of individuals who invest on their own, both as stock positions in companies in their start-up or those that are growing. U.S. investors are known as certificates. These individuals not only contribute their resources but are involved in supporting projects in development.
8. How do angel investors contribute funds?
angel investors provide the capital resources of the company in exchange for shares of the same. Because of this, there is no interest rate, but rate of return of the contribution.
9. Do investors and entrepreneurs may be foreign?
angel investors and entrepreneurs should be Mexicans or foreigners who reside in Mexico. It is clear that this program is handled overseas.
10. How will the selection process and analysis?
will be holding conferences and seminars for "Angel Investors", which will present how to evaluate projects and carry out the due diligence process.
The selected project will study the business plan and decide what amount to contribute by equity funds.
11.
equity funds depend on the type of business, if there is an investor interested in a project called the entrepreneurial and seek to provide resources Escrow Support Program Nafinsa Entrepreneurs in the form of equity or quasi equity for these projects .
12. ¿Cómo funcionan los “Angel Investors” en Estados Unidos?
En Estados unidos se crean alrededor de 500 mil empresas anuales, de éstas, 50 mil reciben apoyo de Angel Investors, por un monto aproximado de 40 mil millones de dólares. En este país existen 900 mil inversionistas aproximadamente, que en lo individual aportan de 20 mil a 250 mil dólares por inversionista y se cuenta con 170 organizaciones de este tipo de inversionistas. Las inversiones oscilan entre los 50 y 250 mil dólares a cada empresa, por grupo.
Como ejemplo tenemos a la empresa Tech Coast Angels, en California. El fundador y director general es Luis Villalobos, consejero de Nacional Financiera en Los Ángeles, California. The company has 200 "Angel Investors", 70% are CEOs and generally seek technological innovation projects. In 76 months they've been operating, have invested in 75 companies. Approximately 600 projects annually evaluate and invest in 12 projects, about 2%, ie one per month. The average time between evaluating a project and decide to invest in it ranges from 2 to 4 months old. Another example is
Endeavor is an NGO dedicated to evaluating productive projects. Analyzed approximately 300 projects per year, and have a thorough evaluation process and a local computer professional, a mentor network, an international team and a selection panel. Finally between four and six projects are coming to get the stamp Endeavor.
13. What is the minimum amount of capital contributed by investors?
is not defined, the investor is determined according to the characteristics and needs of the project.
14. What are the benefits to the entrepreneur?
a) If your project falls into the program, is likely to win the resources you need
b) Access to the network of Mexico's largest employers
c) high-level business contacts that will give advice to a wide professional experience, such as tutoring, coaching business and helping to get more market so that your project is carried out and stay on the market
15. How to Contact Us
For more information on "Support to Entrepreneurs", Nacional Financiera offers you the toll free phone:
01-800-NAFINSA
And to the following email address: @ NAFIN
acosorio
. gob.mx
jquiroz@nafin.gob.mx
Business Plan
What should a business plan?
1 .- Feasibility study and project description: Have
extensive information the project and its characteristics, evaluate the potential of the project and decide whether or not to invest in it.
Project description: what it is, need it originates, geographic location, how it will use the capital required
Strengths and Weaknesses Opportunities and Threats
Curriculum
entrepreneurs, owners and shareholders. 2 .-
market studies, technical and economic-financial:
The market study:
Analysis of demand and supply
Determination of the potential demand
Imports and Exports Pricing Analysis
Product Marketing (Good or service)
Competition, who are, competitive advantages and potential competitors
The technical study:
Location of the plant or company
Availability of raw material, personnel, transportation, supplies, evacuation of waste, utilities
Costs: land, location, services, labor, transportation
type of plant or company to build, size, market characteristics
supply of raw material production technology
distribution of machinery and equipment in plant and Setup
Organization
implementation technical, administrative and legal Company
The financial study:
Budget: investment (fixed assets, deferred and working capital), funding, income, costs and expenses
Pro forma financial statements: cash flow, income statement, balance
general evaluation of investment project: Return on investment
Internal Rate of Return (IRR)
Period
payback Net Present Value, VPN or VAN
benefit-cost ratio of project cost, resource,
funding required environmental impact and recommendations.
FAQ
"angel investors are American?
No. The figure of the Angel Investor was created in the United States, however, the Angel Investment in our program are large and well-known entrepreneurs, ALL Mexicans.
Is it necessary to have a business plan to enter the Program of Support to entrepreneurs?
Si. It is very important for entrepreneurs who want to participate in our program have a business plan as it is the first thing that will require the Angel Investor once been interested in a project.
Who can support me in my business plan?
We have an agreement with GROW, who can advise you in preparing your business plan. You can access the support program for entrepreneurs in the page Nacional Financiera, www.nafin.com where you'll find more information on growing and their contacts.
What I qualify to enter the Program of Support to Entrepreneurs?
a) Have a business plan.
b) The project has a positive internal rate or less attractive.
c) Be able to operate in less than six months after receiving the required investment.
d) The project has a contribution of the entrepreneur's own resources.
e) Send the format required by Nacional Financiera on information the project. What
must contain a business plan?
Overall, a business plan should contain a market study, a technical and a financial study for more information see the program of support for entrepreneurs www.nafin.com, where you will find in detail what a business plan should contain.
"Appearing on the site, the extent to which jeopardizes the confidentiality of my project?
The Portal of Angel Investment in a private portal which only access angel investors registered with us, as it is needed to enter a user name and password. In addition, in the portal only published overview of the project. Once there is an angel investor interested in, is when you give to know the business plan and more information about the project, to which signed a letter of confidentiality. However, we recommend that you protect your business project. On the IMPI (Mexican Institute of Industrial Protection www.impi.gob.mx you more information.
What are the percentages of contribution of resources between Nafin, the entrepreneur and the investor?
The percentage of resources will the project, each one is different and therefore have different requirements. Depending on the negotiations with the investor, identifies the contributions of the Angel and Nafin through equity funds. It is advisable to anticipate the negotiations with the investor and be clear what the entrepreneur is willing to offer (shares,% of profits, etc..) Investment return you will receive.
How long does it take for the investor is interested in my project?
all depends on the attractiveness of the project. Nacional Financiera support you in technical assistance and promotion of your project to investors, but the more attractive the project, the less time will be required to have investment you need.
What is the procedure to be carried out from the entrance to the program to receive the investment?
After qualifying we request, and has evaluated the business plan, is discharged from the project portal. Upon confirmation of interest by an investor in the project, arrange a meeting between the investor, the entrepreneur and Nafin, in order to establish the percentage of contribution between the parties.
investor "I can apply for exemptions?
No. The program is designed to support entrepreneurial projects. Later we will design a space portal to achieve franchise partners. How
amount I can apply?
Projects requesting amounts greater than 30 million pesos can not be received given the difficulty that an investor is willing to provide that amount.
What is the degree of involvement of Angel Investors in the project?
The purpose of this program is to leverage the experience of Angel Investors for the success of business projects. For this reason, the investor's share of decision making and direction of the company is very important in the early stages of the project. Subsequently, the aim is for the investor as the company is walking alone, leaving little by little the company.
Bibliography
Program Support Program
Nafin Entrepreneurs Program Background
On March 17, 2004, held the launch of "Support to Entrepreneurs" of Nacional Financiera SNC, in the presence of the President of the Republic, Vicente Fox Quesada. The event included the nation's leading universities, including the National Autonomous University of Mexico.
The Entrepreneurship Support Programme aims to identify major business projects, assess their feasibility and seek financial support necessary to ensure their implementation, through the formation of "Angel Investors" and the implementation of various additional financial support (equity funds that provide resources as joint venture), thus contributing to promoting entrepreneurship and employment generation in the country.
To achieve this objective, convened a group of "angel investor, with the 408 Nationwide Advisory Board has Nafin and renowned businessmen whose role will be to evaluate and review projects through an Internet portal and decide which projects to support with resources own. Angel Investor Participation in addition to the capital it provides, it also provides mentoring to get involved in the project. This is an added value in supporting the entrepreneur. Angel Investor enters the project with a stake action and in many cases be part of the board, helping to professionalize the management of small and medium enterprises. These "angel investor can participate individually or as a group, depending on the conditions and amounts required by the project.
The mechanics of operation is as follows:
Participating universities may submit projects (incubators or scientific and technological development) that meet the following requirements:
Have a Business Plan
Have a positive Internal Rate of Return (which is attractive to an investor)
that the entrepreneur is willing to give their time ey resources the project
For projects of scientific and technological development, is seeking proven prototypes and projects in process of registration of patents and trademarks
These projects are reviewed and released on the Internet portal's accessed Angel Investors and Entrepreneurs Support Funds .
If the project is marked by investor interest in the portal to Nafin officials invited to contact investors with entrepreneurs and thus start a process of Due Diligence.
The project's scope is nationwide and to support both start-ups and established companies that have innovative and creative projects.
This scheme is an alternative developed by Nacional Financiera SNC to the lack of credit support to entrepreneurs, companies in its initial stage or expanding, and with schemes aimed at supporting contribution to Capital Debt replacing options. Additional Information
entrepreneurs
Publications:
1. Brian E. Hill and Dee Power, "Attracting Capital from Angels", John Wiley & Sons, Inc.., New York, 2002.
2. Constance E. Bagley and Craig E. Dauchy, "The entrepreneur's, Guide to Business Law, Thomson, South-Western West, 2nd Edition, Canada 2003.
3. William A. Sahlman, Howard H. Stevenson, Michael J. Roberts, Amar Bhide, "The Entrepreneurial Venture, Harvard Business School Press, 2nd Edition, USA 1999.
4. Entrepreneur magazine, various issues.
5. Expansion magazine, "The most successful entrepreneurs: 10 stories went from a sketch to a big business," August 31, 2005.
6. Exp magazine, "special edition of Entrepreneurs," September-October 2004. Pages
Consultation Internet:
7. www.canalemprendedor.com
8. www.endeavor.org.mx
9.
www.portalentrepreneur.com 10. www.techcoastangels.com
11. www.anahuac.mx
12. cde.itesm.mx
13.
www.visionaria.com
Labor Observatory
The Labour Observatory is a public service on-line information on the labor market, the Ministry of Labour and Social Welfare provides you with free and permanent way to help answer the following questions about the world of work and occupations:
What do you study?
What do you want to work?
See page:
www.observatoriolaboral.gob.mx
Canal Canal entrepreneur entrepreneur is a site that gives users areas of interest that span all stages to the creation of a new business, from how to structure an idea and turn in fact, how to form the team, how to plan and distribute roles and responsibilities, to marketing and sales strategies, funding opportunities, etc. ..
Its goal is to help Mexican entrepreneurs, paving the way they should go. Providing information and tools to arise, grow and develop.
See page:
www.canalemprendedor.com
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