The Inter-American Development Bank (IDB), through its innovation laboratory of the IDB Group (IDB Lab) and its Innovation and Creativity Division (ICD) through the DEMAND SOLUTIONSinitiative, seeks to identify business models to boost the Orange Economy.
The challenge seeks to identify business models that use cutting-edge technologies to support their implementation in the 9 target countries: Belize, Costa Rica, El Salvador, Guatemala, Haiti, Honduras, Nicaragua, Panama and the Dominican Republic. Entities from the 48 member countries of the IDB can participate.
The prize consists of the pre-selection of proposals that will be considered by IDB Lab to receive financing. The amount of the financing is from $ 150,000 to $ 500,000 depending on the categories in which it applies (grant or innovation prototypes). As part of the prize a representative of the preselected entities will be able to travel to FOROMIC to present the proposal.