Several actors from society gathered for two days in Manaus to discuss opportunities and technologies of sustainable economic development for the region

The 2nd Festival of Impact Investments and Sustainable Business in the Amazon (FIINSA) took place on November 29-30 in Manaus, discussing a new economy allied to sustainable development. Entrepreneurs, investors, representatives from civil society, government and academia gathered to discuss ways and opportunities for the generation of employment and income allied to the conservation of the forest and its functions.

At the same time, the AMAZ Impact Accelerator entered into the last stage of the selection process for the five businesses that will receive investments and will be accelerated in 2023. They are: Cumbaru, Ekilibre, Impacta Finance, Manawara and Mazô maná. Four are based in the Legal Amazon and one is from São Paulo. Following the logic of the portfolio diversification of AMAZ, they operate in different areas, such as the recovery of degraded pastures through agrosilvopastoral systems, the management of sociobiodiversity products, the manufacture of natural vegan cosmetics, functional foods and vegan sweets using Amazonian raw materials, decentralized finance and web 3.0 solutions for impact businesses.

Another moment of impact was the awarding of the new largest investors of the Bioeconomy Priority Program (PPBio), which is a public policy coordinated by Idesam to connect obligatory R&DI resources from companies in the Manaus Free Trade Zone to startups and innovation institutes with technologies to add value to the productive chains of the Amazonian bioeconomy.

The Festival was also the stage for a business fair and the sale of products “Amazonian Market at Home, the Standing Forest” Among the available products were açaí powder, guarana powder, essential oils, biocosmetics, bee honey and chocolates, among others. The carbon market as an opportunity for the conservation and preservation of forests was highlighted, with special attention paid to the dialogue with traditional communities, access to investments and support for appropriate carbon projects to the strengthening of peoples and preservation.

Credit: Rodrigo Duarte

Credit: Rodrigo Duarte

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