Mexico City (March 4, 2024) — Village Capital, with support from Moody’s Foundation, launched Greentech 2024: The Future of Sustainability, an emerging markets initiative supporting sustainable innovations. The Latin American program aims to address and overcome key challenges entrepreneurs encounter due to regional disparities. It will focus on diverse-led startups addressing underestimated communities in Argentina, Bolivia, Costa Rica, Mexico, Panama, Peru, and Uruguay.
The latest UN Global Sustainable Development Report (GSDR 2023) reveals that only two out of 36 targets for 2030 are on track. Climate action and biodiversity are not only falling behind but regressing due to slow implementation of solutions. Transformational change requires decisive actions from people, businesses, academia, and science, not just governments and international actors.
Applications close on May 10, 2024. Full details and eligibility criteria can be found here.
The call for applications is open to regional startups that are building solutions to accelerate the shift towards sustainable development, focusing on areas such as:
From August through September 2024, the selected entrepreneurs will meet for three online workshops. The curriculum is focused on helping them develop the networks and tools they need to scale their impact and uplift their communities. They will work closely with industry experts, investors, and ecosystem partners, and will work with an investment analyst who will coach them 1:1 on building a financial model, identifying unit economics, and using financial metrics to drive both the business and investor diligence.
All startups that apply to the program will be invited to join Abaca, Village Capital’s online global network that helps entrepreneurs articulate how ready they are for investment or their next big expansion. The network provides a diagnostic tool and then matches them with relevant investors and resources.
For more information, contact Yireth Villaverde at Village Capital (yireth.villaverde@vilcap.com).
About Village Capital
Village Capital is reinventing the system to back the entrepreneurs of the future. Known for its groundbreaking approaches to supporting founders who are building solutions to emergent social, economic, and environmental challenges, VilCap unlocks critical social and financial capital for early-stage companies to maximize business and impact growth.
Village Capital has operated in Latin America since 2015 by running over 20 accelerator programs involving more than 20 countries in the region including Bolivia, Guatemala, and Paraguay. VilCap has supported more than 200 locally-based startups working in sectors such as economic mobility, financial health, and sustainable agriculture. Learn more at www.vilcap.com and follow @vilcap_latam.
About Moody’s Corporation
Moody’s (NYSE: MCO) is a global risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With over 14,000 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets. Learn more at moodys.com/about.
