The Asia Foundation (TAF) hosts the visit of Honourable George J.Furey, Speaker of the Senate of Canada, and Delegates to the Women’s Business Center (WBC)

2022.10.14

Honourable George J.Furey, Speaker of the Senate of Canada and delegates visit the newly established WBC Post-Incubator space at Mongolian National Chamber of Commerce and Industry (MNCCI). This space designed to support Mongolia’s women entrepreneurs was renovated with the generous support of Global Affairs Canada as part of TAF’s ‘Women’s Economic Empowerment (WEE) Project.

The trilateral roundtable discussion was held between MNCCI, TAF’s WEE Project, and the Canadian delegates led by Mr. Amartuvshin President of MNCCI, Mark Koenig Country Representative of TAF Mongolia, and H.E Catherine Ivkoff Ambassador of Canada to Mongolia. Two of Business Incubator graduates Ms. Tuya (Founder of Nogoodoi Organic Juice Brand), and Ms. Jargalsuren (Founder of JaSu Felt Accessories Brand) shared their entrepreneurship journey starting with an idea on paper to leaders in the economy with certified global standards, as well as sealing investment funding from local and global Start-Up competitions.

“TAF’s WEE Project funded by Global Affairs Canada supports the enhancement of women’s participation and leadership in the economy through nurturing aspiring and current women entrepreneurs at WBC as one of its main objectives. Since 2016, WBC registered over 8,000 clients, 71 Business Incubator graduates and about 14,000 women across the country benefitted from our hybrid services including the WBC Mongolia mobile App and physical centers at Ulaanbaatar and Uvurkhangai Province of Mongolia. With generous support from Global Affairs Canada, WBC’s expansion at MNCCI with a brand new Post-Incubator Program will build a unique support for our Incubator graduates to smoothly access MNCCI’s wide range of services for exporting opportunities and diversifying their production” stated Mark Koenig, Country Representative of TAF Mongolia.

President of MNCCI Mr. Amartuvshin highlighted the importance of the recent national forum Mongolia, “Enhancing Women’s Participation in Economic Development,” organized by MNCCI and TAF under the auspices of the President of Mongolia in which more than 800 women entrepreneurs participated. Nearly 37% or 54,000 out of 147,000 registered enterprises, 24% of TOP 100 enterprises, and 68% of registered small and medium enterprises in Mongolia are women-owned. Honourable George J.Furey, Speaker of the Senate of Canada expressed the delight to witness that projects and initiatives funded by Canada are creating positive changes in Mongolia to advancing women’s entrepreneurship and shared thoughts on opportunities for exporting goods between the two countries.