NORTHAMPTON, MA / ACCESSWIRE / August 22, 2024 / The World Environment Center (WEC) has received an additional $2.5 million in funding from the U.S. Department of State to expand its work to strengthen the capacity of women entrepreneurs across Central America in green projects. By leading two initiatives focused on economic development and climate action, WEC and its partners will work to reduce gender-based barriers to sustainable growth.
The additional $2.5 million complements the current $3.5 million from the Empower Innovation Challenge (EIC) project and enables WEC to support the economic development of sustainable projects by focusing on women entrepreneurs through the Climate Innovation Challenge (CIC), which awards grants to micro, small, and medium-sized enterprises (MSMEs) led by women and underserved populations in Central America. These grants will help address the local impacts of climate change through mitigation and adaptation strategies while building critical business and financial skills for women entrepreneurs.
“We are grateful for these additional funds to further implement our efforts in Central America,” said Ernesto Samayoa, WEC’s Latin America Operations Manager. “We look forward to the opportunity to continue supporting the green and blue economy by financing innovative solutions and building capacity for women entrepreneurs.”
The EIC is made possible through collaboration with Núcleo de Biotecnología de Curauma (NBC), Baastel, Incubatec UFRO, ProMujer and La RED Innovación e Impacto and will include three cohorts of funded organizations, with the last cohort to be announced in 2025. Details of the CIC will follow shortly.
About WEC:
The World Environment Center promotes sustainable development through entrepreneurial business practices. Headquartered in Washington, DC, with offices in Europe and Latin America, WEC advances corporate sustainability leadership through its global leadership panel on key challenges and opportunities, builds the capacity of small businesses in emerging markets, and recognizes industry excellence through its annual Gold Medal. WEC is an independent, nonprofit, nongovernmental organization. For more information, visit www.wec.org.
View additional multimedia content and more ESG storytelling from the World Environment Center at 3blmedia.com.
Contact information:
Speaker: World Environment Center
Website: https://www.3blmedia.com/profiles/world-environment-center
E-mail: (email protected)
SOURCE: World Environment Center
