Entrepreneurship contributes to economic empowerment and supports building resilience at local, national, and global level. Ethical, sustainable, and climate-friendly entrepreneurship, which builds on principles of inclusion and participation, could contribute to climate action and building multi-actor partnerships. The EthicalX initiative by SLYCAN Trust aims to support and scale up ethical, sustainable, and climate-friendly entrepreneurship through activities related to capacity-building, technical support provision, and support in raising seed funding with a special focus on vulnerable communities, women, and youth. EthicalX consists of the EthicalX Incubator & Accelerator programme as well as the EthicalX Climate & Innovation Hub established for knowledge generation and sharing. EthicalX works towards long-term climate resilience building, economic empowerment, and sustainable development with a special focus on local-level entrepreneurship development and supporting vulnerable communities, women, and youth.