Finnova Foundation

Finnova Foundation Promotes Sustainability and Economic Growth in Peru’s Coffee Industry - Finnova Foundation

Finnova Foundation Promotes Sustainability and Economic Growth in Peru’s Coffee Industry 

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  • More than 300 coffee MSMEs will receive support to improve their production and management practices.  
  • With a total budget of 363,199.60 euros, DESCO and FINNOVA are the institutions in charge of carrying out the project in an initial period of 26 months. 

16.05.24. Brussels – The Finnova Foundation leads “Ensuring economic growth and job creation that preserve nature and reduce the effects of climate change in the Oxapampa – Asháninka – Yánesha Biosphere Reserve (BIOAY)”, a transformative project that promises to revolutionize the local coffee industry. With a focus on sustainability and innovation, the initiative seeks to improve the productive management of micro, small and medium-sized enterprises (MSMEs) in coffee companies, integrating clean technologies and sustainable economic practices. 

The project focuses on the transition to a green and circular economy, where MSMEs will implement improved practices to increase their productivity and profitability, while strengthening their resilience to climate change. This approach not only benefits the companies involved, but also contributes to the environmental preservation of the region.  

The project is expected to last 26 months, during which the various activities and expected results in the Oxapampa – Asháninka – Yánesha Biosphere Reserve (BIOAY) will be implemented and evaluated. Specifically, it is located in the province of Oxapampa, within the Pasco region of Peru. The specific districts where the project is being developed are Oxapampa, Chontabamba and Villa Rica. 

Among the main activities of the project is the training of 300 coffee MSMEs and 6 organizations, with an emphasis on innovative and sustainable techniques for coffee cultivation and processing. In addition, the use of renewable energy in coffee drying facilities is promoted, representing a step forward in reducing the industry’s carbon footprint. 

The diversification of coffee plots under an agroforestry system is another outstanding feature of the project, which seeks to obtain economic, socio-cultural and environmental benefits. This agroforestry management not only improves the quality of coffee, but also promotes biodiversity and soil conservation. 

The project also includes training in trade management and formulation of development projects, which strengthens the capacity for negotiation and articulation of common interests between MSMEs and their organizations. In addition, the incursion into agrotourism and ecotourism as diversified economic alternatives is explored, opening up new income opportunities for local communities. 

Finally, it contemplates the carrying out of impact studies and the dissemination of experiences and lessons learned, which will allow the sharing of the knowledge acquired and the replication of successful practices in other regions. 

With the support of executing institutions such as DESCO and FINNOVA, this project, which has a total budget of 363,199.60 euros, not only seeks to transform the coffee industry in the BIOAY, but also serve as a model for sustainable development in other coffee regions of the world.  

AL-INVEST Green and its Vital Link with the Amazon

The Amazon is an invaluable treasure for our planet, as it harbors a great diversity of species and plays a fundamental role in regulating the global climate by absorbing carbon, producing oxygen, and generating water. However, it faces serious threats such as deforestation, ecosystem loss, illegal gold mining, and the presence of organized crime activities.

It is essential to implement projects like AL-INVEST Green that promote biodiversity conservation, sustainable development, and improve the income and quality of life of vulnerable communities like the Yanesha and the Asháninkas, who are part of the reserve. It is also crucial to support women producers and communities with difficulties accessing technology and the export market.

This project focuses on addressing the complex environmental, socio-cultural, and gender issues present in the Amazon region, with the goal of protecting this invaluable ecosystem and improving the lives of those who depend on it.

About Fundación Finnova  

Finnova is a Spanish-Belgian non-profit foundation that works for the promotion and development of innovation and entrepreneurship at EU level. Headquartered in Brussels, it operates through collaborations and partnerships in all countries of the European Union. Finnova’s experience leading communication and dissemination activities of European projects is combined with a solid proven experience in the creation of companies and business support programs, such as accelerators, incubators and selection and awarding of ceremonial events. 

About AL-INVEST Verde

AL-INVEST Verde is a European Union program that promotes sustainable growth and job creation in Latin America, supporting the transition towards a low-carbon, resource-efficient, and more circular economy. Through Component 1, the program manages funds to implement innovative projects of small business associations to promote sustainable practices in the private sector. Component 1 is led by sequa, a German non-profit organization that operates worldwide to encourage the private sector.

For further information, visit: www.alinvest-verde.eu  

Contact us:  

Michel Lapierre Robles    

+56 99 5433 094

michel.lapierre@finnova.eu

www.finnova.eu

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