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Entrepreneurs chosen to receive non-refundable funds could win $3,000 to be used in the development of platforms for the sale of
products online, known as Electronic Commerce. - A.M. Costa Rica illustrative photo -




Published Thursday, October 8, 2020


The U.S. government donates $120,000
in non-reimbursable funds for Central
American entrepreneurs

By the A.M. Costa Rica staff

The U.S. Department of State announced a fund of $120,000 to finance projects of small and medium-sized companies in Central America.

In agreement with the Regional Center for the Promotion of Medium and Small Businesses, Cenpromype, the funds are part of a non-reimbursable financing program for companies in Guatemala, El Salvador, Honduras, Costa Rica and Panama.

Entrepreneurs chosen to receive non-refundable funds could win $3,000 to be used in the development of platforms for the sale of products online, known as Electronic Commerce.

The companies or entrepreneurs that can compete for the funds are:

• Companies that, in the face of the pandemic, have adapted to the new market conditions.

• Companies that have started operations during covid-19 due to the identification of business opportunities.

• Companies that are formalized regarding tax aspects or willing to do so during the process of implementing the electronic commerce plan.

• Companies with experience as a user of electronic commerce platforms, with experience or ability to carry out online banking operations, among others.

The criteria to be evaluated in the contenders are: market strategy, logistics strategy, payment method strategy, company work team, prioritization and connection, and legal and sustainability aspects.

The deadline to apply is Oct. 20. More information on the requirements to opt for these non-refundable funds can be found in Spanish at the Cenpromype website.

This is part of the fourth donations by the U.S. government to the country in less than one month.

On Sept. 28,  the U.S. government through its embassy in Costa Rica donated school supplies to Pochotal public school, located between Hermosa and Jaco Beach, Puntarenas Province.

According to the embassy, the valued $15,000 donation done through the Office of Defense Representative Humanitarian Assistance Program includes iPads, scientific calculators, fans, folding chairs, tables, pens, pencils, blackboards, backpacks, large cabinets, gel sanitizers, soccer balls, carpets, disinfectant towels, brooms, among other items.

On Sept. 21, the embassy donated personal protection equipment to Rey Curré indigenous community and seven more schools from indigenous territories of the Brunca Region in the Pacific Coast of the southern zone of the country.

According to the embassy, the donation included handwashing stations, face shields, digital thermometers, paper towels, liquid soap, gel sanitizer, surgical masks, cloth masks, gloves and trash cans.

"This donation is valued at $15,000, and it is part of the more than $2 million that the U.S. Embassy has given to the Costa Rican social security system to address the sanitary emergency due to covid-19," the embassy said in its statement.

On Sept. 10, the embassy donated medical supplies to the National Emergencies Commission through the U.S. Southern Command Humanitarian Assistance Program.

This donation, valued at $588,000, included 40,300 surgical masks, 6,700 N95 masks, 6,000 face shields, 165 portable hand washing stations, 16 field tents for 16 people, 10 field tents for 40 people.

According to the U.S. Ambassador Sharon Day, this donation demonstrates U.S. support to Costa Rica in fighting the global pandemic. “I have no doubt that the U.S. and Costa Rica will persevere because together we have, together we can, and together we will overcome every hardship,” she said.

Have you heard of an entrepreneur looking for non-refundable funds to invest in the company?  
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