EU-LAC Digital Alliance This action will support the EU-LAC Digital Alliance Regional Team Europe Initiative on Digital transformation and innovation. The Digital Alliance - through the EU-LAC Digital Accelerator (using the D4D hub platform) - will foster bi-regional digital partnerships and create investment opportunities in digital area, boosting at the same time digital innovation, entrepreneurship and competitiveness in LAC. It will do so by fostering a Team Europe approach in synergy with the EU_LAC Digital Accelerator and with the engagement of the private sector and other key stakeholders (e.g. EU MS, industry, civil society organisations, academia, and financial institutions). The digital transformation in LAC requires massive investments in the public sector, but also in the private sector for services and industry. The investment opportunities are planned to be enhanced by mobilizing EFSD+ and blending mechanisms when needed and thanks to the private sectors from both regions. The Alliance will also contribute to the digitalisation of MSMEs that should increase their competitiveness. The consolidation of an EU-LAC network of private sector entities will stimulate the digital transformation and allow smoother sectoral communication and cooperation between EU and LAC businesses. It will enable the exchange of relevant information between business support organisations in order to identify gaps, needs, and opportunities for EU-LAC stakeholders in digital cooperation and innovation. The Accelerator will facilitate an EU-LAC multi-stakeholders dialogue on key topics regarding the digital and data economy that will result in recommendations from stakeholders to governments for improving the enabling environment of the digital economy. The action includes active networking exchanges and events, B2B and G2B events. Within this context, opportunities for partnerships, business ventures and further collaborations will be identified, selected and disseminated. An increased number of collaboration and business partnerships should expand EU-LAC investment flows and joint ventures. At the same time, they will encourage even more policy and regulatory proposals that enable the digital economy and strengthen the institutional collaboration with the eLAC Digital Agenda process.