At the end of July, seven business undertakings born out of the Jóvenes con Empresa (Youths with Businesses) programme were presented in the city of Medellin at the Colombiamoda (Colombia Fashion) exhibition. This initiative, promoted jointly by the Colombian Corona Foundation and the Inter-American Development Bank (IDB), came about in 2002 to support the creation of companies proposed by young people from Bogota, Cali and Medellin. By mid-2008, it had already created 413 sustainable and competitive companies.