The Ideas into Action 2023 initiative is accepting applications until September 22 from companies that wish to improve their processes and pilot innovative solutions.
Social and economic development demand innovative solutions to ensure access to water, sanitation, and energy and improve quality of life in Latin America and the Caribbean.
Ideas in Action 2023 seeks to support public, private, or mixed water, sanitation or energy service providers—as well as energy ministries in Latin America and the Caribbean—that have management and process challenges, and connect them with innovative solutions.
The winners will receive support, personalized mentoring, access to technical assistance, feasibility studies, business plans, and training on implementing innovation pilot projects from the IDB and the Government of Israel, which this year has strategic support from its Ministry of Energy and Infrastructure and Ministry of Finance.
The call for projects runs until September 22, and companies can upload their challenges at ideasenaccion.org, which contains detailed information, requirements. and an application form.
This initiative is part of Source of Innovation, an alliance between the IDB Group and external partners to promote innovative solutions that the water, sanitation, and solid waste sector can adopt to achieve smart, inclusive, and sustainable services, with a focus on service providers in Latin America and the Caribbean.
About Source of Innovation
Source of Innovation is funded by the Government of Switzerland through its State Secretariat for Economic Affairs (SECO), by the FEMSA Foundation, by the Republic of Korea through its Ministry of Environment, and by the Government of Israel. The alliance is also complemented by direct contributions from IDB Lab and the Water and Sanitation Division of the IDB, and coordinates directly with the Aquafund, the fund created with IDB capital and with contributions from a wide range of public and private sector partners.
Source of Innovation is co-led by the Water and Sanitation Division and IDB LAB, the Bank's innovation laboratory, and involves the Knowledge and Innovation Department (KIC), the Office of Outreach and Partnerships (ORP), IDB Invest and the Competitiveness, Technology and Innovation Division (CTI).
About the IDB
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance, and training to public and private sector clients throughout the region. Take our virtual tour.
About IDB Lab
IDB Lab is the innovation laboratory of the IDB Group, the main source of financing and knowledge for development to improve lives in Latin America and the Caribbean. The purpose of IDB Lab is to drive innovation for inclusion in the region by mobilizing financing, knowledge, and connections to co-create early private-sector solutions capable of transforming the lives of groups that are vulnerable due to economic, social, or environmental conditions. Since 1993, IDB Lab has approved more than $2 billion in projects in 26 countries in Latin America and the Caribbean. www.bidlab.org