An entrepreneurial culture and a vision for innovation are two concepts associated with The Panama Business Accelerator (PBA).
The materialization and development of dynamic entrepreneurial processes are based on completing each one of the incubation phases proposed by the Accelerator and in which it actively participates:
To do so, the Accelerator fosters an entrepreneurial culture that is conducive to turning ideas into realities by modeling business initiatives and training programs designed to boost its members’ enterprising capacity and the success of their projects. The Panama Business Accelerator offers entrepreneurs an appropriate environment for consolidating their business ideas and facilitates the necessary competitive jump to strengthen the operational part of their activities.
Innovating ideas or existing companies which are ready to grow and take on the challenge of national and international competitiveness need support. The Network of Investing Angels is an innovating mechanism because it includes contribution of financial resources but also what is known as intelligent capital: the experience of established, successful business people and their network of business contacts.
Companies in PBA have a high return on investment because they are dealing with innovating business, not subsistence, ideas. What the Accelerator does is bring together successful national business people who have little time to look for new projects to invest in, and entrepreneurs who do not always have the contacts to have access to these Investing Angels.
If you are interested in joining or learning more about the Network of Investing Angels, write to the PBA Director.
The Business Plan Design Specialization Program is offered as an alternative to facilitate and drive the creation and development of new businesses and entrepreneurs. It has a unique and practical approach to Business Plan design, focusing on the challenges that are specific to innovation and technological development of products and services, and on their introduction into the market.
The program offers comprehensive training that focuses on providing entrepreneurs with the skills for identifying business opportunities and creating dynamic, competitive companies.
This course aims to be a methodological guide for entrepreneurs and business people who are determined or already carry on their shoulders the responsibility of running a company, either at its gestation and startup stage or at its operation stage, by means of an instrument such as the Business Plan.
For further information, contact the Panama Business Accelerator by dialing (507) 317-3100 or by fax (507) 317-0100, Postal Code 83-0645, Zone 3, Panama, Panama Republic, or by e-mail: firstname.lastname@example.org
The Panama Business Accelerator has the infrastructure and services to support companies in incubation by providing them with appropriate support for their activities. The main ones are:
In addition to the available infrastructure, PBA is a platform for developing innovating business ideas with specific benefits such as:
All Accelerator staff work under a strict confidentiality agreement, which prevents dissemination of the projects reviewed.
We do not really have specific dates for company admission. PBA is always open to receiving new dynamic and innovating projects, in order to help them grow as soon as possible.
Every user has an access card that allows him/her to enter the building 24 hours a day.
The price of offices for companies admitted into PBA is from 4.50 dollars per m2 up, depending on the kind of company.
Average office size is 28.5 m2 (306.8 sq ft) and range from 10m2 (107.6 sq ft) to 60 m2 (645.8 sq ft).
The incubation process may last from 1 to 3 years, depending on the research or study period required by the projects.
Our location is Ciudad del Saber, Building 234, Clayton.
In some cases, they are held on Saturdays, depending on the needs of the group and the consultant’s availability.
Depending on the number of people interested in the course, the Accelerator may consider the possibility of taking a specific course to other cities.
If you have the funds, that makes it quite easier, at least in the initial stages, but if you don’t, the project will be accepted anyway and you will be given support for securing investments.
PBA manages and controls the Network of Investing Angels, who regularly meet and invest in innovating projects.
Dynamic, innovating projects with a complete business plan, with an entrepreneur team of at least two people full time, and a high growth potential.
The Don Alberto Motta Panama Business Accelerator is a center that promotes creation and development of innovating companies in a dynamic environment.
Offices include basic services such as electricity, air conditioning and water. They also include local telephone service, broadband Internet, access to training and meeting rooms, and use of the Office Center, where you can purchase office supplies, make photocopies, send and receive faxes, etc.
It identifies and selects ideas, projects and entrepreneurs qualifying for admission into the Panama Business Accelerator; it offers individual consulting services for Business Plan formulation; it provides Business Plan programs; it promotes the companies by presenting them at national events and fairs, provides access to the media and a group of expert consultants (Tutors); it gives support for securing initial funding capital (seed capital), and access to venture and credit capital sources.
First of all, the Evaluation Committee selects which projects may join the Accelerator, based on a series of defined criteria. Then they are submitted to the Managing Board for the final decision.
We are not a governmental organization but a private nonprofit foundation.
About 15 companies have graduated, and 10 of them are currently in operation.