Silakan Valley: Levering Indonesia’s Innovative Fintech Solutions and Women Entrepreneurs (Jakarta, Indonesia)

Indonesia Flag: Two equal horizontal bands of red (top) and white; the colors derive from the banner of the Majapahit Empire of the 13th-15th centuries; red symbolizes courage, white represents purity. Note: similar to the flag of Monaco, which is shorter; also similar to the flag of Poland, which is white (top) and red. [CIA World Fact Book]

The project supported a Fintech event showcasing U.S. private sector solutions on the sidelines of Indonesia’s first International Fintech Festival.  Outcomes included: (1) catalyzing a Women in Fintech Working Group to promote women entrepreneurs in fintech, and (2) building connections between Indonesian fintech companies and the U.S. financial services sector.  Date: September 24, 2019


Binational Women Entrepreneur Academy (Tijuana, Mexico):

Mexico Flag: three equal vertical bands of green (hoist side), white, and red; Mexico's coat of arms (an eagle with a snake in its beak perched on a cactus) is centered in the white band; green signifies hope, joy, and love; white represents peace and honesty; red stands for hardiness, bravery, strength, and valor; the coat of arms is derived from a legend that the wandering Aztec people were to settle at a location where they would see an eagle on a cactus eating a snake; the city they founded, Tenochtitlan, is now Mexico City.

Consulate Tijuana worked with Mujer PYME to organize a Binational Women’s Entrepreneur Academy, convening women business owners from San Diego and Tijuana to gain business development skills and establish professional networks. Outcomes included: (1) identifying women-led projects for presentation to potential investors, (2) educating women of regional business opportunities via USMCA, and (3) helping them develop solid business models and network.  Date: October 23, 2019


Scale Up Accelerator for Women Entrepreneurs (Baku, Azerbaijan)

Azerbaijan Flag: three equal horizontal bands of blue (top), red, and green; a crescent and eight-pointed star in white are centered in the red band; the blue band recalls Azerbaijan's Turkic heritage, red stands for modernization and progress, and green refers to Islam; the crescent moon is an Islamic symbol, while the eight-pointed star represents the eight Turkic peoples of the world. [CIA World Fact Book]

Formation of a business in Azerbaijan is fairly easy; however, sustaining it and scaling it is very challenging, particularly for women business owners.  To address this, Embassy Baku will support a 10-week business development training program in conjunction with PricewaterhouseCoopers.  The training will begin with a one-day opening conference, where Embassy Baku will target female SMEs and match them with mentors from the U.S. private sector. Outcomes include: (1) provide training to 12 entrepreneurs, (2) help establish women SME network with U.S. businesses and (3) foster business activity among 100-persons conference. Date: December 13, 2019


Women in Finance Diwaniya (Kuwait City, Kuwait)

Kuwait Flag: Three equal horizontal bands of green (top), white, and red with a black trapezoid based on the hoist side; colors and design are based on the Arab Revolt flag of World War I; green represents fertile fields, white stands for purity, red denotes blood on Kuwaiti swords, black signifies the defeat of the enemy [CIA World Fact Book]

Embassy Kuwait will host a women-in-finance event that will bring together mid- and senior-level women in the business sector.  We may be able to make this a regional event.  Outcomes include: (1) support women’s participation in the local banking sector and advance women working in finance and the important sub-field of fintech, (2) help U.S. firms develop a strong network with local partners to be able to enter the Kuwait market, (3) foster an international network between emerging female leaders in Kuwait and established experts in fintech from the U.S. and, (4) expand the nascent women in finance professional network which the U.S. Embassy helped create.  Target Date: Winter 2019


SheStarts Networks (Colombo, Sri Lanka)

Sri Lanka Flag: Yellow with two panels; the smaller hoist-side panel has two equal vertical bands of green (hoist side) and orange; the other larger panel depicts a yellow lion holding a sword on a maroon rectangular field that also displays a yellow bo leaf in each corner; the yellow field appears as a border around the entire flag and extends between the two panels; the lion represents Sinhalese ethnicity, the strength of the nation, and bravery; the sword demonstrates the sovereignty of the nation; the four bo leaves - symbolizing Buddhism and its influence on the country - stand for the four virtues of kindness, friendliness, happiness, and equanimity; orange signifies Sri Lankan Tamils, green Sri Lankan Moors, and maroon the Sinhalese majority; yellow denotes other ethnic groups; also referred to as the Lion Flag [CIA World Fact Book]

Embassy proposes partnering with Hatch (Colombo’s premier incubator) to run a 3-month incubator model followed by a trade show that will offer women entrepreneurs business development resources, training and access to investment opportunities.   Outcomes include: (1) establish networks to facilitate increased business activity and, (2) facilitate scouting opportunities with U.S. influencers and stakeholders.  Target Date: March 2020


Israeli Women Boost Economy (Israel)

Israel Flag: white with a blue hexagram (six-pointed linear star) known as the Magen David (Star of David or Shield of David) centered between two equal horizontal blue bands near the top and bottom edges of the flag; the basic design resembles a traditional Jewish prayer shawl (tallit), which is white with blue stripes; the hexagram as a Jewish symbol dates back to medieval times [CIA World Fact Book]

As follow-up to A/S Singh’s visit in October 2018, leaders were encouraged to establish a women’s economic empowerment forum.  Embassy Jerusalem aims to provide training and network development to 20-25 Israeli women. Outcomes include: (1) provide Israeli women pitch training, (2) introduce them to American corporate culture and, (3) help them develop networks in the U.S.  Target Date: March 2020


Women in Wine (Paris, France)

France Flag: three equal vertical bands of blue (hoist side), white, and red; known as the "Le drapeau tricolore" (French Tricolor), the origin of the flag dates to 1790 and the French Revolution when the "ancient French color" of white was combined with the blue and red colors of the Parisian militia; the official flag for all French dependent areas. Note: the design and/or colors are similar to a number of other flags, including those of Belgium, Chad, Cote d'Ivoire, Ireland, Italy, Luxembourg, and Netherlands. [CIA World Fact Book]

Embassy Paris will host a one-day forum convening American and French women winemakers to explore challenges they both face in the traditionally dominated “man’s wine world”.  Outcomes include: (1) highlight best practices, (2) help establish a strong transatlantic network, (3) create market opportunities in France for American wine, which produced by American women, and (4) identify policy issues to support women entrepreneurs within this sector.  Target Date: March 2020

U.S. Department of State

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