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IDB Blue Tech Challenge 2018 for Blue Economy proposals (US$2M in funding)

Application Deadline: November 30, 2018

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.

Requirements:

  • Qualifying entities will be considered by the 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 and the proponent entity should contribute with at least 50% of the project budget.

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.

Qualifying entities will be considered by to receive financing and/or technical assistance to implement a pilot for the blue economy model proposed in one of the target countries.  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.

More information and guidelines to submit a proposal to the Blue Tech Challenge click here.

Important dates:

Submission of proposals:                                               September 17 – November 30, 2018

Preliminary Review:                                                       December 1– December 17

Advisory Panel review and due diligence visits:            January 7– January 31, 2019

Announcement of Selected Proposals:                          February, 2019

For More Information:

Visit the Official Webpage of the IDB Blue Tech Challenge 2018

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