With the aim of promoting sustainable development and conservation of the Peruvian Amazon, Peru's private environmental fund, Profonanpe, launched the Amazonian Bioinvestment 2026 competition, through which it will finance, for a total amount of USD 600,000, bio-businesses that contribute to the restoration of forests and the reduction of greenhouse gases in six regions of the country.
This initiative aims not only to strengthen the business models of the winning companies but also to generate an environmental and social impact. In this regard, it is expected that, over the next ten years, the promotion of sustainable bio-businesses will contribute to mitigating climate change through the conservation and restoration of 81,000 hectares of Amazon rainforest, the creation of 550 green jobs, and the mitigation of 1.9 million tons of carbon dioxide (CO2).
This edition of Amazonian Bioinvestment, promoted in partnership with the Ministry of the Environment (Minam) and financed by the Green Climate Fund, will focus on strengthening biobusinesses in the Amazonian regions of Amazonas, Loreto, San Martín, Madre de Dios, Cusco and Puno, and will prioritize topics related to agricultural production under agroforestry systems, timber and non-timber forest use, ecotourism and wildlife management.
The selected companies will receive partially refundable seed capital, ranging from USD 50,000 to USD 150,000 for each beneficiary organization, and will have up to seven years to repay a percentage of the amount granted.
In addition to funding, the selected bio-businesses will be part of a business advisory program to strengthen their capabilities in areas such as finance and operations, strategic planning and marketing so that they are prepared to engage effectively with potential investors.
Interested parties can consult the complete list of requirements, list of formats to submit and the schedule of the different stages by accessing the link https://profonanpe.org.pe/proyecto-ebbf/. They can also do so by writing to the email address [email protected].
