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| 研究生： |
何凱平 Cañete, Hector |
|---|---|
| 論文名稱： |
投資於巴拉圭新創企業之信託基金 Trust to invest in early stage businesses in paraguay |
| 指導教授： |
蔡政憲
Tsai, Jason |
| 學位類別： |
碩士
Master |
| 系所名稱： |
商學院 - 國際經營管理英語碩士學位學程(IMBA) International MBA Program College of Commerce(IMBA) |
| 論文出版年： | 2017 |
| 畢業學年度： | 105 |
| 語文別： | 英文 |
| 論文頁數： | 56 |
| 中文關鍵詞： | 信託 、委託人 、受託人 、天使投資 、新創公司的種子基金 |
| 外文關鍵詞： | Trust, Settlor, Trustee, Angel investor, Seed and start-up stage |
| 相關次數： | 點閱：38 下載：5 |
| 分享至: |
| 查詢本校圖書館目錄 查詢臺灣博碩士論文知識加值系統 勘誤回報 |
The “Trust to Invest in Early Stage Businesses” is a government project based in a public bank of Paraguay. This “Trust” aims to become the first and the best landmark of “Angel Investor” to foster entrepreneurial culture and help in the development of the stock market and the economy of the country.
There is no similar fund in the market, therefore there is no regulation about this type of investment; as a consequence, the “Trust” will start to work with the institutions in charge to establish the basis for this new industry.
The special purpose of the “Trust” is to target the most vulnerable of the businesses, the seed and the start-up stages. Those segments are not covered by the banks or any other financial institution.
This project is an opportunity for the government to foster the “Inclusive Economic Growth” that is one of the pillars of the “National Development Plan 2014-2030” because start-ups maybe are small companies but they can play a significant role in the economic growth.
I believe that the “Trust” will receive back his investment with profit, so, there will be more money to invest in early stage businesses and the cycle will continue.
1. INTRODUCTION 1
1.1. Background 1
1.1.1. Problem 1
1.1.2. Partial solution 3
1.2. General Definitions 7
Trust: 7
The Settlor: 8
The Trustee 9
The Beneficiary 9
Angel Investor 9
Seed stage business 10
Start-up business 10
2. ECONOMIC OVERVIEW 11
2.1. The situation of Paraguayan economy 11
2.2. Capital market 13
2.3. Stock Market 15
2.4. Angel Investor Industry 16
2.5. Business Opportunity 18
3. BUSINESS OVERVIEW 21
3.1. Vision 21
3.2. Mission 21
3.3. Objectives 21
3.4. Business Description 22
3.5. Regulations 23
4. BUSINESS MODEL 26
4.1. Business Model 26
4.2. Value Proposition 26
4.3. Customer Segment 28
4.4. Channels 29
4.5. Customer Relationship 30
4.6. Revenue Streams 30
4.7. Key Partners 31
4.8. Key Activities 33
4.9. Key Resources 33
4.10. Cost Structure 34
5. SWOT ANALYSIS 36
5.1. Strengths 36
5.2. Opportunities 37
5.3. Weaknesses 37
5.4. Threats 38
6. ORGANIZATION AND TEAM 39
6.1. Organization 39
6.2. The Team 40
7. FANANCIAL PLAN 42
7.1. Investments and Incomes of the “Trust” 43
7.2. Costs of the “Trust” 45
7.3. Profitability analysis 48
8. CONCLUSION 49
9. Reference 50
Appendix 54
Appendix 1 54
Books:
Alexander Orterwalder & Yves Pigneur (2010), Business Model Generation, Handbook for visionaries, game changers and Challengers. New Jersey. USA.
Alexander Orterwalder, Yves Pigneur, Greg Bernarda & Alan Smith (2014), Value Proposition Design, Handbook of How to create product and services customers wants.
David Rose (2014), Angel Investing, Guide to making money & having fun investing in startups. Online book.
Brian S. Cohen & John Kador, (2013), What every Angel Investor wants you to know. An insider reveals How to get smart funding for your billion-dollar idea. Online book.
Papers:
Calvino, F., C. Criscuolo and C. Menon (2015), “Cross-country evidence on start-up dynamics”, OECD Science, Technology and Industry Working Papers, 2015/06, OECD Publishing, Paris.
David B. Audretsch and A. Roy Thurik (2000). What’s new about the new economy? Sources of growth in the managed and entrepreneurial economies.
OECD (2016), Start-up Latin America: Building an innovative future, Development Centre Studies. http://www.oecd.org/dev/americas/startup-latin-america.htm
OECD (2016) Entrepreneurial determinants http://www.oecd.org/std/business-stats/indicatorsofentrepreneurialdeterminants.htm
Institutes and Foundations:
Paraguay Overview (2016), The World Bank, http://www.worldbank.org/en/country/paraguay/overview
National Development Plan of Paraguay 2014-2030, (2014), Technical Planning Secretariat, http://www.stp.gov.py/pnd/
Stock exchange of Paraguay (BVPASA) Operations website: http://www.bvpasa.com.py/page.php?id=30&titulo=boletines
Financial Development Agency (AFD), the Trustee website: www.afd.gov.py
Key partner candidate: ICDF website: https://www.icdf.org.tw/mp.asp?mp=2
Key partner candidate: IDB website: http://www.iadb.org/en/inter-american-development-bank,2837.html
Key partner candidate: CAF website: https://www.caf.com/en/
Incubator candidate: Koga Impact Lab https://projeqt.com/kogapy/koga
Incubator candidate: Incuna http://www.incuna.una.py/
Incubator candidate: Incubadora de Empresas Lansol http://www.incubadoralansol.org/
Incubator candidate: Paraguayan Foundation
http://www.fundacionparaguaya.org.py/?lang=en
Incubator candidate: Itaipu Technological Park http://www.pti.org.py/
Incubator candidate: Incubator at National University of Itapua http://uni.edu.py/category/extension-universitaria/incuni/
Incubator candidate: Agro-Business Incubator at San Carlos University http://www.sancarlos.edu.py/incubadora.php
Incubator candidate: FP Fiuna Entrepreneurship Program at National University of Asuncion http://www.pol.una.py/?q=node/80
Research/Data Sources:
Paraguay Economy data (2016), Focus Economics, http://www.focus-economics.com/countries/paraguay
Gary Youinou (2016), Paraguay risk and compliance report. www.knowyourcountry.com
Population of Paraguay (2017), http://countrymeters.info/en/Paraguay
Definition of Incubator Firm, Investopedia http://www.investopedia.com/terms/i/incubatorfirm.asp
What is an Angel Investor? Investopedia http://www.investopedia.com/terms/a/angelinvestor.asp
The 7 stage of businesses. Just in Time Management. http://www.justintimemanagement.com/en/The-7-stages-of-business-life-cycle
What is a start-up? Investopedia http://www.investopedia.com/terms/s/startup.asp
