Project name:
Strengthening Innovative Entrepreneurship
Project location:
Dominican Republic
Sub-focus area:
Capacity Building
The AES Dominicana Foundation and The Trust for the Americas, an affiliate of the Organization of American States (OAS), have partnered for the “Strengthening Innovative Entrepreneurship” program to promote and incentivize local entrepreneurship in the municipalities of Boca Chica, Guayacanes, Quisqueya, Bancos de Arena and la Malena in the Dominican Republic.
More than 150 entrepreneurs spent two months training and studying the Canvas Business Model and acquired tools to strengthen their business concepts. The project includes an entrepreneurial fair where participants compete for funds by presenting their business plan for the development or expansion of their business. The plans are evaluated by a panel of judges on various criteria, including financial viability, sustainability, creativity, innovation, and coherence of their business model.
By increasing entrepreneurial skills within the people of the region, the project will contribute to the socio-economic and sustainable development of the local communities.