Photo of the Week: A Business Blooms in Ecuador

November 02, 2012

Floare is helping to protect and preserve Ecuador’s more than 4,000 orchid species with its strong focus on conservation.

Dayana Miranda, left, and the management team of Floare display their product: baby orchids. The business is helping to protect and preserve Ecuador’s more than 4,000 orchid species with its strong focus on conservation.

In 2011, Floare participated in the business plan competition Siembra Futuro, organized by TechnoServe and SABMiller (Cervecería Nacional).  Floare impressed the competition’s judges and won $15,000, as well as technical assistance from TechnoServe’s business advisors. Dayana and her team worked with the advisors to design and implement a business plan focused on exporting their products.

Floare is conducting scientific research on orchids and helping to preserve Ecuador’s biodiversity. In addition to five full-time employees, the company generates indirect jobs for more than 25 suppliers. Having established strong relationships with key clients and suppliers, Dayana and her team are working to improve the company’s infrastructure, increase production capacity, develop new products and improve its marketing. These improvements will help Floare create more jobs and economic opportunities.

Read more about Floare.

 

Related Blog Posts

 

Cashing in on Chips in Kenya

Cashing in on Chips in Kenya

Hannah Karanja seized an opportunity to add value to potato products; now she's working with TechnoServe to expand her business.

Following in Her Father’s Footsteps

Following in Her Father’s Footsteps

How TechnoServe supported a long-time family business in the transition of ownership from father to daughter

Three Unorthodox Lessons for Latin America’s Entrepreneurs

Three Unorthodox Lessons for Latin America’s Entrepreneurs

TechnoServe's global entrepreneurship director challenges conventional wisdom about how to help businesses grow.