Jun 12 2019 (IPS-Partners)
SEOUL, Republic of Korea (GGGI) – Out of more than 200 participants, 15 were shortlisted from GGGI’s Member countries and countries where GGGI has operations, including Cambodia, Colombia, Ethiopia, India, Jordan, Morocco, Nepal, the Philippines, Rwanda, Uganda, the UAE, and Vanuatu. This year, GGGI is pleased to have a variety of project ideas designed to facilitate the achievement of green growth and climate change action in developing countries, including innovative uses of solar PV systems, recycling solutions, and waste management innovations.
In 2019, 50% of applications consisted of teams with female leads with regional diversity of 43% (Asia), 7% (Small islands), 30% (Sub-Saharan Africa), 17% (MENA), and 3% (Latin America).
GGGI would like to congratulate the following 15 participants who will take part in a 12-week support and development program, receiving mentoring and training through a virtual webinar. The top three teams who win the Business Plan Competition will win USD 5,000 per team in seed funding to invest in their business ideas plus bursaries.
In April, GGGI kicked off a global competition to support young entrepreneurs develop sustainable ideas or solutions that would positively impact their communities and the Sustainable Development Goals.
“We are hoping to foster a generation of young leaders passionate about promoting green solutions and a sustainable future”
Dr. Frank Rijsberman, Director-General of GGGI
Now in its second year, the Greenpreneurs 2019 program aims to serve as a platform for young entrepreneurs with ideas for business development, that is environmentally sustainable and socially inclusive.
“Young entrepreneurs have innovative business ideas to accelerate the transition to green growth in developing countries, however, they still lack access to right technical training, network, mentorship, and seed capital. Thus, together with Student Energy and the Youth Climate Lab, GGGI launched a pilot Greenpreneurs program in 2018 with the aim of providing support for green growth startups, particularly in developing countries.”
Believing in the potential of the youth, Greenpreneurs is designed to provide opportunities for young entrepreneurs to transform innovative ideas into green businesses in sustainable energy, water and sanitation, sustainable landscapes and green cities – all of which are GGGI’s thematic priorities.
“We are hoping to foster a generation of young leaders passionate about promoting green solutions and a sustainable future. Last year, we launched a business competition limited to virtual mentoring over the web, but this year, we are envisioning to have physical incubators to join the green streams to nurture green entrepreneurs,” said Dr. Frank Rijsberman.
GGGI’s partner, the Youth Climate Lab, shared how “youth play a crucial role in combating climate change. Their active participation provides intergenerational viewpoints of present and future citizens, which are fundamental to sustainable development.”
About Greenprenuers Program 2019
Greenpreneurs is a twelve-week virtual global competition open to youth between the ages of 17 and 35 focused in GGGI’s Member countries. The four priority themes (Sustainable Energy, Water & Sanitation, Sustainable Landscapes, and Green Cities) reflect the urgent issues impeding growth in developing countries in the context of green growth, climate change, and Sustainable Development Goals (SDGs).