Enpact Empowering Entrepreneurship Initiative COVID-19 Relief Programme for Tourism. The Empowering Entrepreneurship Initiative was created to provide direct support for entrepreneurs in emerging markets. Derived from a number of our portfolio products, the Empowering Entrepreneurship Initiative supports young, innovative businesses with a curated combination of mentoring, workshops, network building and funding.
In recent years, the German Development Cooperation has placed a special focus on supporting innovative businesses and startups in emerging and developing countries. After all, it is precisely these businesses that develop innovative solutions to local problems, create jobs, unlock potential for growth, and ultimately become role models and pillars of their societies. The COVID-19 pandemic poses an acute threat to years of hard work to establish and grow these businesses due to its economic consequences, both in the short and long term.
Comprehensive relief programmes, such as stimulus packages that exist in the well established economies, often do not exist in emerging and developing countries. Subsequently, a fast and direct response is immediately needed to provide resources, mentoring and financial support for young, innovative entrepreneurs in emerging economies.
The Empowering Entrepreneurship Initiative is launching with two programmes in 2020 that are designed to help young businesses cope with the economic challenges brought on by the COVID-19 pandemic.
A total sum of nearly €3 million will be distributed directly to entrepreneurs in 6 countries to provide them with financial security while they focus on adapting their businesses to the unique struggles they have faced during the crisis.
Businesses will receive:
- Individual mentoring sessions, adapted to their needs
- Direct financial support (up to 9,000 Euros per business)
- Expert workshops on crisis management, business development, leadership and growth
- Access to our global network of +1000 startups, +300 mentors, experts and investors across five different continents
COVID-19 Relief Programme for Tourism
150 teams of young, innovative businesses from the Travel & Tourism sector are supported in cooperation with the TUI Care Foundation.
Eligible Countries: Mexico, Jordan, Kenya, Indonesia
Application starts: 7 September 2020, 18:00 (Berlin time)
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