In a move to drive sustainable development and inclusive growth across South America, NESsT and IKEA Social Entrepreneurship have announced the addition of nine new social enterprises to the NESsT - IKEA Social Entrepreneurship South America Accelerator Program.
NESsT and IKEA Social Entrepreneurship are expanding their South America Accelerator Program. They've added nine new social enterprises, bringing the total to 26 since the program started in 2020.
This initiative aims to boost sustainable development and inclusive growth in South America by supporting businesses that focus on economic and environmental progress in local communities.
The NESsT - IKEA Social Entrepreneurship partnership, supported by IKEA Chile, Colombia, and Peru, has been instrumental in extending support to high-potential social enterprises.
In 2023, the partnership expanded to include 22 additional enterprises, aiming to create and maintain 2,500 formal, fairly compensated jobs while enhancing environmental practices.
From a pool of 131 applications, nine social enterprises were selected to join the impact accelerator. These enterprises are committed to integrating social and environmental goals into their business models, thereby maximizing their impact.
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