Out of the Valley ...

Out of the Valley of Death: Meeting the Challenges of Financing Innovation

infoDev at the World Bank Annual Meetings

22 September, 2011 

Time: 10:00 - 11:30 AM Venue: IFC building, L-101

The growth of innovative, early-stage enterprises in developing countries is hampered by a lack of both appropriate financing and targeted technical assistance. Supporting innovative SMEs to get out of the ‘Valley of Death’ with early-stage financing, is a cornerstone of development as it helps to enable more sustainable businesses, leading to job creation and economic growth.

The panel discussion will explore why there is such an acute early-stage financing gap, discuss what innovative financing products and services are currently available, assess where the gaps lie and brainstorm where the World Bank Group can catalyze solutions.

Speakers include:

  • Mr. Fadi Ghandour (Founding Partner of Maktoob.com, the world’s largest Arab online community)
  • Mr. John May (Chairman Emeritus of Angel Capital Association Partner of the New Vantage Group)
  • Mr. Hossam Mahgoub (President and CEO, alKhawarizmy Software)
  • Mr. Adrian Magendzo (Deputy Director of Innovative Entrepreneurship, CORFO Chile)


  • Mr. Mohsen Khalil, Director, Climate Business Group, IFC

Sponsored by infoDev, a global program within the Finance and Private Sector Development Vice-Presidency of the World Bank Group

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