The FAB is the only fund of its kind, financing and supporting catalytic activities for the growth and acceleration of bioeconomy enterprises
History
In 2019, the BIOFIN Mexico team created the Bioeconomy Collective and convened a series of working groups to define what bioeconomy means and identify what the sector needed to unlock its potential.
One key gap identified was the need for dedicated funding for organizations and enterprises in consolidation stages, along with targeted projects to drive sector growth.
The Bioeconomy Acceleration Fund (FAB) was started in 2020 by BIOFIN, with implementation and operational support from Nuup, becoming the first fund of its kind in Mexico. The Fund plays a crucial role in strengthening a sector that actively contributes to ecosystem conservation, particularly in agriculture, fisheries, tourism, and forestry.
Main
Objective
To finance production projects and enterprises in consolidation stages, enabling them to implement specific actions that open access to high-demand markets.
Secondary
Objectives
Directly through the Fund:
Promote market access for enterprises and projects that leverage or enhance biodiversity through their products or services.
Provide resources that enable enterprises or projects to invest in activities which would not have been possible without FAB support.
Building a bioeconomy impact investment ecosystem
Create a pipeline of projects and enterprises by identifying their needs and growth gaps, helping shape the future of the Fund and potential new financing mechanisms.
Demonstrate the strong, unmet demand for targeted financing to accelerate bioeconomy projects and enterprises.
Mobilize additional funding for productive projects or enterprises (for example, acting as a liquid guarantee).
