IDEAS V 2014
The CONACYT-SENER Fund for Energy Sustainability (FSE), the Inter-American Development Bank (IDB) and the Multilateral Investment Fund (MIF) launch the V Contest for Innovation on Renewable Energy, Energy Efficiency and Access to Energy in Latin America and the Caribbean (IDEAS V)
Even the most simple of innovations may have a radical impact on the operation of businesses and markets in developing countries. The countries of Latin America and the Caribbean (LAC) have a great potential to develop economically and environmentally sustainable projects in key areas such as renewable energy, energy efficiency, bio-fuels and access to energy in rural areas. Local innovation and the adaption of existing technologies and business models to local circumstances are essential to increasing the competitiveness of sustainable energy products and services and facing environmental challenges. This contest seeks to support initiatives for applied scientific and technological research, innovation, assimilation, development and transfer of technologies and business models in renewable energy sources, energy efficiency and access to energy in rural areas that also have a tangible impact in the local or regional areas, promoting the development of sustainable economies and the reduction of poverty.
What is IDEAS?
The Energy Innovation Contest (IDEAS) is an initiative that seeks to support the development of innovative technologies and business models that promote renewable energy, energy efficiency, bio-fuels and access to energy in rural areas in Latin America and the Caribbean. It was launched in 2009, and this year’s launch is the Fifth Edition of the Contest. Up to today, more than 2,300 proposals from 28 LAC countries have been received and 53 winners have been selected.
On June 7 of 2011, Mexico’s Secretariat of Energy (SENER) and the Inter-American Development Bank (IDB) signed a Memorandum of Understanding with the goal of supporting innovation in the area of energy sustainability,including joint support for the IDEAS contest. This mechanism reflected an agreement to contribute to the consolidation of the institutional capacity in the academic and scientific communities, through the creation of regional alliances between investigators and the private sector with the support of the Fund for Energy Sustainability (FSE). The first activity of the IDEAS-FSE collaboration was the launch of the joint call for proposals for the contest in September of 2011. The direct result of this cooperation has been the selection of five winning projects as consortia between institutions in Mexico and other LAC countries that have a direct impact on the academic and scientific community in the regional energy sector, for both the addition of capacity and the development of projects that permit improvements in the competitiveness of energy technologies.
To support the development of applied scientific and technological research about the adoption, innovation, assimilation, development and transfer of technology in the areas of renewable energy sources, energy efficiency and access to energy in rural areas of the region, including innovation in business models that would allow for progress in the sustainability of clean and efficient energy.
The V Contest will be jointly sponsored and administered by CONACYT-SENER Fund for Energy Sustainability (FSE), the Inter-American Development Bank (IDB) and the Multilateral InvestmentFund (MIF).
What is the CONACYT-SENER Fund for Energy Sustainability (FSE)?
FSE is an instrument created by the Government of Mexico to promote applied scientific and technological research, as well as the adoption, innovation, assimilation and technological developments in the areas of energy efficiency, renewable sources of energy, green technologies and the diversification of primary sources of energy. (http://sustentabilidad.energia.gob.mx/).
What is the Inter-American Development Bank (IDB)?
The IDB is a multilateral bank that seeks to support development in the LAC region and, along with others, mobilizes resources to invest in the adaptation to and mitigation of climate change, especially in renewable energies and energy efficiency. (http://www.iadb.org).
What is the Multilateral Investments Fund (MIF)?
The MIF is a member of the IDB Group and supports economic growth and poverty reduction in Latin America and the Caribbean through encouraging increased private investment and advancing private sector development. It works with the private sector to develop, finance, and execute innovative business models that benefit entrepreneurs and poor and low-income households; partners with a wide variety of institutions from the private, public and nonprofit sectors; evaluates results; and shares lessons learned. The MIF is a laboratory for testing pioneering, market-based approaches to development, and an agent of change that seeks to broaden the reach and deepen the impact of its most successful interventions. (http://www.fomin.org).
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