The Inter-American Entrepreneurial Federation (FIE) was thought by a group of entrepreneurs, who, gathered in Guayaquil (Ecuador), decided to create an association that could serve as a commercial opportunities leader entity for micro, medium, and small enterprises. Therefore, on August 15th, 2002, during a General Assembly, the FIE is given birth for the whole America as a non-profit private organization. On June 10th, 2004, it was officially registered by the Regional Sub secretary of Ecuador's Ministry of External Commerce, Industrialization, Fishing, and Competitiveness (MICIP).