Resources focused on strengthening female entrepreneurship in the agroindustrial sector

Clayton, Panama City, September 23, 2019. With support from the Initiative for the Development of Business Ideas and Acceleration of Central American MSMEs (DINAMICA Initiative), the City of Knowledge Foundation (FCDS) will execute the project denominated, "Strengthening the management of innovative MSMEs in the Panamanian agroindustrial sector to obtain a certification or differentiating seal."

Within the framework of this FCDS project, it will provide advice and technical assistance to strengthen structuring processes of ten (10) women-led innovative agribusiness MSMEs in order to obtain a certification or differentiating seal, improving marketing conditions and competitiveness.

The MSMEs benefited will be provided with personalized attention in developing a business, commercial and productive diagnosis to determine strengths and weaknesses. They will also be purveyed with assistance in designing and implementing Technical, Productive and Commercial Improvement Plans. All this in order to manage and process a quality certification or differentiating seal for the products.

The implementation of the Project has a cost of one hundred twenty-five thousand US dollars (US$125,000.00), of which the DINAMICA Initiative will grant Non-Reimbursable Technical Cooperation of up to one hundred thousand dollars (US$100,000.00) and the remaining twenty-five thousand dollars (US$25,000.00) will be provided by the City of Knowledge as an in-kind counterpart contribution.

It is noteworthy that the Initiative for the Development of Business Ideas and Acceleration of Central American MSMEs (DINAMICA Initiative) is funded by the European Union within the framework of its  Latin American Investment Facility (LAIF), the Government of Germany through its KfW Development Bank and CABEI.