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Mexico: Alpha Credit Launches Financing Tools for SMEs

AlphaCredit, a non-bank financial institution headquartered in Mexico City, has made significant contributions to the country's financial
technology sector. Alpha Credit has two main lines of business, and technology is one of the most important pillars of its development:
consumer loans in Mexico and Colombia, including: 1) loans from Mexican and Colombian government employees, and 2) loans from Mexican
retirees and retirees, and 3) 100% digital credit for independent professionals and private employees; SME financing solutions: 1) Factoring 2)
Leasing and 3) Digitalized working capital loans.
In Mexico, 99% of the country's economic units are small and medium-sized enterprises, that is, more than 4.5 million companies. However,
despite their impact on the national economy, an estimated 75% of Mexican SMEs failed in the first two years of their establishment, largely
due to a lack of financing. To solve this problem, Fintech AlphaCredit launched Bontu, a flexible SME working capital loan that is centrally
applied through a digital platform, with no mandatory repayment period, or a fixed repayment, which is a percentage of the company's revenue.
The amount of credit and payment is calculated based on the company's sales, so if the income is variable, the amount is adapted to the profit,
and if the business grows, the acquisition of funds is also increased. In addition, employers can make additional payments at any time without
penalty or additional charges, which are designed to break the current traditional credit plan. The request can be executed from any mobile
device in a fully digital manner within a few minutes.

US: SBA Launches SBIR Road Tour in 2019

On February 28th 2019, the Small Business Administration (SBA)
announced the launch of a national road tour involving 18 states
to connect the entrepreneurs with the next generation of research
and development concepts in order to serve small businesses in
innovative research and technology transfer.
The road trip aims to strengthen the government's interaction
with entrepreneurial ecosystems across the United States and
build a larger network of resources to support the development
of small businesses focused on the commercialization of high-
tech research results. This road tour would also better advance
several of the goals of the “Small Business Innovation Research
Program (SBIR)”, including helping more women participate in
entrepreneurship, helping socially and economically disadvantaged small enterprises in the national research and development field
individuals and the one living in remote states participate in has stimulated high-tech innovation, and the government has also
networking activities. gained entrepreneurial spirit in meeting its specific research and
development needs.
Each SBIR road trip site will be hosted by a local Small Business
Development Center, whose main functions include supporting Each year, the SBIR / STTR program provides $2.5 billion for
small businesses to commercialize high-tech results. Eleven small businesses in technology areas such as unmanned
federal government agencies participated in the event, and project systems, advanced materials, health, cyber security and national
managers from these agencies will meet participants one-on- defense. The project awards more than 4,000 new awards each
one and participate in targeted expert groups to share how their year and these awards help innovators drive the development of
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organizations provide funding. new technologies and put them into the market, while creating
thousands of jobs. Currently, the following 12 federal agencies are
The “Small Business Innovation Research Program” is designed involved in SBIR，each of which manages its own plans within
to encourage small US small businesses to participate in federal the guidelines set by Congress. These institutions will designate
R&D programs with commercial potentials. SBIR enables small research and development topics and accept small business
businesses to unlock their technological potential and profit from proposals; awards are awarded in a competitive manner after the
commercialization. On the other hand, the inclusion of qualified evaluation of the proposal.

Chief Editor: Gao Jian
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Editor: Su Qing
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