Photo: Guatapé, Antioquia, Colombia, by: Mike Swigunski.
The CleantechHub Foundation and PVBLIC Foundation, with the support of the U.S. Department of State, are proud to announce successful progress in their “Coalition for Climate Entrepreneurship (CCE) Hub Latin America'' initiative. The first cohorts of the incubation and acceleration programs have been selected based on their significant advances in promoting innovation and green entrepreneurship in the region.
After a two-month application period, the acceleration and incubation programs received a total of 273 applications. The regional acceleration program received 181 applications, from which 28 were selected to participate in the 2024 cohort. These startups will receive intensive support to scale their climate solutions. The program began on May 28 with a bootcamp and will culminate in November 2024 with a Demo Day, where the startups advancing to Phase II will present their businesses to our network of partners and investors.
The incubation programs, launched at the first three CCE Hubs established earlier this year, also saw substantial interest, receiving a total of 92 applications distributed as follows:
CCE Hub Colombia: Received 39 applications, of which 10 startups were selected.
CCE Hub Costa Rica: Received 24 applications, of which 10 startups were selected.
CCE Hub Guatemala: Received 29 applications, of which 10 startups were selected.
The incubation program will start in early June with an intensive bootcamp and conclude in October 2024 with a local competition in each country. The winning teams from each hub will compete in a regional competition to select the best early-stage startup.
About CCE Hubs
CCE Hub in Latin America is a two-year initiative, a collaborative effort between PVBLIC Foundation, CleanTechHub, and partner universities (Universidad Externado in Colombia, Universidad Rafael Landívar in Guatemala, Universidad LCI Veritas in Costa Rica)aiming to engage 1000 relevant actors, including 450 students in presenting green ideas, train 100 startup teams, and mentor 40-60 individuals. Special emphasis is placed on increasing the representation of underserved groups, including women and local communities in climate entrepreneurship.
These initiatives, which are part of the Coalition for Climate Entrepreneurship (CCE), led by the U.S. Department of State, aim to address climate challenges in the region, starting in Colombia, Costa Rica, and Guatemala in 2024, with the vision of expanding to other countries in the region in the coming years.
CCE Hub Latin America aims to support local entrepreneurs and sustainable development by creating Climate Hubs in the country, along with partner universities that implement local programs and build support ecosystems for climate ventures in each country. These hubs and the regional support network focus on turning ideas into businesses that address climate change, fostering grassroots innovation, entrepreneurship, and green job creation.
The innovative approach of the programs includes creating spaces on campuses and a dynamic online platform that facilitates knowledge sharing and collaboration within and between the CCE Hubs. This infrastructure connects entrepreneurs and the support network, providing a solid foundation for ideation and business development. The platform uses digital technologies for training, data collection, mentoring sessions, and evaluating the impact and development of startups.
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