The Inter-American Development Bank (IDB) is launching a new challenge known as Orange Innovation to select and finance proposals of up to $500,000 from entities with the best and most innovative business models using cutting-edge technologies to in some sectors of the Orange Economy.
The IDB, through its IDB innovation lab (IDB Lab), the Innovation and Creativity Division and the Department for Central American Countries is seeking to identify business models to support its implementation in nine countries: Belize, Costa Rica, El Salvador, Guatemala, Haiti, Honduras, Nicaragua, Panama and the Dominican Republic.
The challenge is open to entities in the 48 member countries of the IDB, and the proposals must have proven economic and social impact in the subsectors of the orange economy such as the audiovisual, digital arts, animation, video games, multimedia applied to the publishing industry, support services for digital content, film, music industry, fashion, design, tourism, cultural heritage, gastronomy, as long as the solution is a technological one.
“In order to encourage innovation in the cultural and creative industries and the transfer of knowledge, in particular, the use of new technologies, it is essential that it remains in the nine countries being targeted. For this reason, it is important that the proposals originate in or be implemented with a local partner of the nine countries, said Alejandra Luzardo, a specialized leader at the IDB.
IDB is launching this challenge in order to identify innovative Orange Economy proposals with a strong technological component and potential for large-scale impact.
Original source: IADB
Published on 23 May 2019
