Deadline: 30 November 2018
The IDB has launched Blue Tech Challenge with up to US$2M in funding for Blue Economy proposals.
The IDB through its Multilateral Investment Fund (MIF), Natural Capital Lab, Sustainable Islands Platform, and in alliance with the Compete Caribbean Partnership Facility, which is also supported by DFID, CDB and the Government of Canada, will identify firms and organizations looking to pilot and scale up business models that use cutting edge technologies to contribute to the sustainable management of oceans, marine ecosystems and coastal resources.
The Blue Tech Challenge seeks to support business models that apply new technologies to deliver products and/or solutions that foster the long-term sustainability of the ocean economy in the following 14 target countries: Bahamas, Barbados, Belize, Guyana, Haiti, Jamaica, Suriname, Trinidad and Tobago, Antigua and Barbuda, Dominica, Grenada, St. Lucia, St. Kitts and Nevis, and St. Vincent and the Grenadines.
Award Information
- Qualifying entities will be considered by IDB to implement a development project to pilot the blue economy model in one of the 14 target countries. The funding requests should be within a range of US$150,000 to US$500,000 for non-reimbursable technical assistance (grants). Proposals for loans should be within a range of US$500,000 to US$2,000,000.
- Qualifying entities will also become part of the IDB Group’s network of global innovators working in the Caribbean region poised to exchange knowledge, expertise, best practices, and with ample opportunities to participate in IDBG’s related regional networking events.
Eligibility Criteria
- Entities from the 48 member countries of the Inter-American Development Bank Group (IDBG) (Argentina, Austria, Bahamas, Barbados, Belgium, Belize, Bolivia, Brazil, Canada, Chile, China, People’s Republic of, Colombia, Costa Rica, Croatia, Denmark, Dominican Republic, Ecuador, El Salvador, Finland, France, Germany, Guatemala, Guyana, Haiti, Honduras, Israel, Italy, Jamaica, Japan, Korea, Republic of, Mexico, Netherlands, Nicaragua, Norway, Panama, Paraguay, Peru, Portugal, Slovenia, Spain, Suriname, Sweden, Switzerland, Trinidad and Tobago, United Kingdom, United States, Uruguay, Venezuela) are invited to participate in the challenge.
- Those Compete Caribbean beneficiary countries, which are non-IDB members, will also be included: Antigua and Barbuda, Dominica, Grenada, St. Lucia, St. Kitts and Nevis, and St. Vincent and the Grenadines.
- These entities include innovators, entrepreneurs, NGOs, businesses, academic institutions, research institutions, social enterprises, public innovation agencies, and similar entities and must have demonstrated expertise in developing and applying innovative and cutting-edge technologies to ensure the sustainable management of oceans as the basis for livelihoods, food security and economic development.
- Proponent entities not located in one of the 14 target countries will only be considered if in partnership with local or regional organizations registered to carry out the project activities in one of the 14 target countries.
How to Apply
Applicants can apply via given website.
For more information, visit https://bit.ly/2Qv0lt7