Innovation and green transition of SMEs
The main objective of Component 1 is to promote sustainable growth and job creation by supporting the transition of SMEs in Latin America towards a low-carbon, resource-efficient and more circular economy. The actions implemented under Component 1 will seek to guide SMEs in the region to adopt cleaner and more efficient products, processes and services, while countries adopt more sustainable consumption patterns.
INNOVATIVE PARTNERSHIP PROJECTS FOR THE GREEN TRANSITION OF SMES
Through Component 1, the AL-INVEST Green programme manages funds for the financing of green economy projects arising from the partnership between Latin American organisations and the European Union (EU). These innovative projects aim to promote the development of small and medium-sized enterprises in the region, expanding their marketing possibilities under the new EU standards and regulations.
METHODOLOGY FOR ACCESSING FINANCE
The funds are awarded through Calls for Proposals, during which interested institutions can submit their innovative projects. After an evaluation process, projects are selected to be part of the AL-INVEST Green AL-INVEST programme and to access funding.
To participate in the Call for Proposals, organisations must be non-profit legal entities such as chambers of commerce, trade, industrial or cooperative associations, research centres or other organisations focused on innovation, digitisation or transition to the green economy.
The programme is implemented in countries such as Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela.
48 months. The programme started in December 2021 and will end in November 2025.
Through financial support to partnership projects between Latin American and EU organisations, following selection through Calls for Proposals.
The maximum funding from European funds for projects submitted is EUR 300,000, and the minimum is EUR 250,000.
Up to 80% of the eligible costs of grant projects.