New COVID-19 adaptation programme for social impact businesses

The Agency of Enterprise Development (AED) under the Ministry of Planning and Investment (MPI), Global Affairs Canada (GAC), and the UN Development Programme (UNDP) on April 29 jointly launched the “COVID-19 Adaptation Programme” for social impact businesses (SIBs) to increase their capacity and refine business models to address the challenges they are facing.

All social enterprises, impact start-ups, co-operatives, and small and medium enterprises that work with or work for the vulnerable groups, in the agricultural and tourism sectors, are welcome to apply for the programme.

There is no restriction on population group, occupation, or geographical location as long as the businesses support vulnerable groups and the proposed business models, and new products and services are innovative, sustainable, scalable, and relevant to adapt to the challenges of COVID-19.

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