The Eastern Caribbean Green Entrepreneurship Initiative announced the selection of 27 green entrepreneurs as recipients of interest-free loans totaling USD 863,403. Under the Initiative’s Accelerator Program, these entrepreneurs were chosen from a competitive pool of applicants to receive funding and support to grow their respective green, sustainable enterprises.
The Initiative, delivered by the Global Green Growth Institute (GGGI) in partnership with the Organisation of Eastern Caribbean States (OECS) with support from the Qatar Fund for Development (QFFD), aimed to nurture and empower environmentally conscious businesses, fostering sustainable development across the region.
This regional program was dedicated to facilitating the development, establishment, and expansion of innovative green enterprises across six OECS Member States: Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, Saint Lucia, and St. Vincent and the Grenadines.
The Accelerator Program is designed to propel high-potential green enterprises during their growth phase. By providing access to interest-free loans of up to USD 50,000, along with investment opportunities and ongoing education, the program equips entrepreneurs to scale their businesses for maximum profitability and societal benefit.
“With each interest-free loan granted to green enterprises in the Eastern Caribbean, we’re not just investing in businesses; we’re investing in a greener, more sustainable future. Congratulations to all recipients; your dedication paves the way for innovation and environmental stewardship in our region.” – Daniel Muñoz-Smith, Caribbean Representative, Global Green Growth Institute (GGGI)
The three-year Eastern Caribbean Green Entrepreneurship Initiative concluded on March 31, 2024. The Organisation of Eastern Caribbean States Competitive Business Unit (CBU) will continue to engage stakeholders and share knowledge about the Initiative and other green entrepreneurship opportunities.
