NESsT has a portfolio of 50 enterprises based in the Amazon. Over the past five years, NESsT portfolio managers have worked closely with these enterprises to monitor, measure, and grow their impact. Recently, NESsT sought to develop more detailed methods to understand the culture and context of the data it collects, specifically for enterprises in the Amazon.
Supporting the empowerment of Xikrin do Bacajá women: Amplifying their voices through a new line of artisan products
Associação Bebô Xirin do Bacajá (ABEX) is an Indigenous-led association that participated in the Amazon Indigenous Rights and Resources (AIRR) project launched in 2021 to support Indigenous populations to become more visible and active actors in the Amazon economy, in ways that conserve rainforest biodiversity and build environmental resiliency.
NESsT Welcomes Afrotourism Enterprise Diaspora.Black into its Racial Equity Portfolio in Brazil
Diaspora.Black, a social enterprise in the tourism and events sector, joins the NESsT Racial Equity Initiative. With NESsT’s investment, Diaspora.Black will offer training and funding to local Afro-entrepreneurs, fostering a community dedicated to expanding tourist routes that bring more visibility to the history and culture of Afro-Brazilians.
NESsT in Chile: Over 26 Years of Impact in the Region
Nicole Etchart, NESsT CEO and Co-Founder, spoke with journalist Valentina Llompart at the Diario Financiero.
Article Summary: Founded over 26 years ago, Impact investor NESsT’s international trajectory has taken it to countries in Central and Eastern Europe and South America, including Chile – which was one of the first countries it invested in. NESsT has created significant impact in the region through investing in social enterprises that work on the ground with Chile’s marginalized communities.
Read the full article on Diario Financiero.
NESsT in Chile
Over 26 years, NESsT’s model has shifted its focus to support social enterprises in the so-called ‘missing middle’. Today, NESsT brings patient capital and business assistance to entrepreneurs working with marginalized communities in 10 countries across Central Europe and South America, including Chile.
“The companies we support are slightly more advanced than startups – they have developed an initial idea and have an established business model, but they need a push to grow in order to create real impact,” shared Nicole Etchart.
The impact NESsT has generated in the region is significant. Since it was created, NESsT has channeled over US $2M in resources to social enterprises in Chile, supporting companies that often face obstacles when accessing financing from traditional sources due to their high-impact focus.
Through deploying patient capital and business assistance to 25 Chilean enterprises working with marginalized communities, NESsT has supported the creation of more than 5,000 dignified jobs in the country. To date, these efforts have positively impacted over 184,400 individuals.
Today, NESsT provides tailored business support to 9 social enterprises in Chile as part of the NESsT - IKEA Social Entrepreneurship Accelerator Program in South America, including Ecocitex, Bendito Residuo, Inclúyeme, Lazarillo, and Savia.
NESsT, IDB Partner to Support Indigenous Enterprises Across the Amazon Region and Strengthen Local Economies
NESsT and the Inter-American Development Bank (IDB) announce a new pilot program to support 15 enterprises in the Amazon Basin with financial capital and business mentoring resources. The program will launch as a 18-month pilot to test a new model of governance that will form an alliance with regional and national indigenous federations.
Promovarea schimbului de cunoștințe și a colaborării: NESsT și IKEA Social Entrepreneurship vizitează întreprinderi de portofoliu care generează schimbări pozitive în Chile
NESsT și IKEA Social Entrepreneurship vizitează Chile pentru a reflecta asupra sprijinului acordat în regiune și pentru a evalua impactul acceleratorului până în prezent. Împreună, am fost martorii direcți ai schimbărilor pozitive pe care aceste întreprinderi sociale le fac în zonele lor și am obținut o înțelegere mai cuprinzătoare a provocărilor cu care se confruntă.
The NESsT Fund Launches Search to Support High-Impact Enterprises in Peru and Colombia
Disability Inclusion in the Workplace
85 million people in Latin America live with a disability, yet only 10-20% participate in the workforce. Four social enterprises in the NESsT - IKEA Social Entrepreneurship Accelerator are building inclusive workplaces across Latin America.
Meet Four Enterprises That Are Paving the Way for Latin America’s Circular Economy
In Latin America, at least 430,000 tons of waste is produced daily, yet only two percent of total waste is recycled. Four social enterprises in the NESsT - IKEA Social Entrepreneurship Latin America Accelerator are reshaping unsustainable production and waste management patterns across Latin America. A circular economy model that reduces waste allows the region to preserve its biodiversity by offering opportunities to create regenerative value from its abundant natural resources.