National Security Advisor Jake Sullivan hosted the inaugural meeting of the Angel Investor Network announced by President Joe Biden, Uruguayan President Luis Lacalle Pou, and Canadian Prime Minister Justin Trudeau in November 2023 under the Americas Partnership for Economic Prosperity (Americas Partnership). At the meeting, the diverse group of experienced and successful angel and venture capital investors pledged to collectively invest more than $1 billion in early-stage companies and entrepreneurs in Latin America and the Caribbean by 2030. As a key part of their broader investment pledge, these investors will provide financing, mentoring, and advisory support to entrepreneurs in the Americas Partnership Accelerator program, a program that President Biden launched in November 2023 to link cohorts of innovative entrepreneurs in Latin America and the Caribbean to capital, knowledge, and networks that will help bring their business ideas to life. National Security Advisor Sullivan reiterated the United States' commitment to support efforts that build entrepreneurial capacity, encourage innovation, and drive inclusive growth in our hemisphere.
U.S. Agency for International Development Administrator Samantha Power, foreign ministers and senior officials of the eleven other Americas Partnership countries, IDB Lab Chief Executive Officer Irene Arias, and members of the Americas Partnership Angel Investor Network discussed how to work together to mobilize more early-stage investments in startups offering solutions to humanity's biggest challenges, such as those in deep tech, green tech, and biotech.
Administrator Power and International Development Minister Ahmed Hussen of Canada described progress made in the Americas Partnership Accelerator programs, including the selection of the first cohort of entrepreneurs. Foreign Minister Omar Paganini of Uruguay described the activities and goals of the Network and encouraged the roundtable participants to expand it to include more angel and venture capital impact investors from throughout the region.
