The Inter-American Development Bank (IDB) announced the 12 shortlisted proposals of the first edition of the Challenge: Orange Innovation, which seeks to recognize innovative business models that are using cutting-edge technologies for specific sectors of the Orange Economy.
The 12 proposals will be considered by IDB Lab to select those that enter a later stage of co-creation and potential financing with grant resources of up to US$500,000. As part of the award, a representative of each team will participate in FOROMIC to present their proposals.
In the Challenge: Orange Innovation, innovative business models with high social and economic impact potential in cultural and creative industries participated to be implemented in nine countries: Belize, Costa Rica, El Salvador, Guatemala, Haiti, Honduras, Nicaragua, Panama and Dominican Republic.
The 12 proposals were selected by a panel of external and IDB experts from Latin America and the Caribbean, based on the following criteria: use of disruptive technologies, innovation of the model, scalability potential, financial sustainability among others.
The shortlisted proposals of the Orange Challenge that will be in FOROMIC are:
- Sandbox - Space for integration of technology and performing arts, by Fundación Espacio Creativo
- MENTO AR, by Mento
- Stereotheque in Costa Rica, by Stereotheque
- "Alter3" ＆ Android Opera "ScaryBeauty", by ATAK TOKYO Co.,Ltd.
- Virtual Platform of Click Orange Design, by Fundacion Tecnalia Colombia
- Teacher Training in the use of emerging and disruptive technology, by Asociación EcoStudio
- Implementation of orange economy programs for the development of native communities neighboring the archaeological project Ciudad Blanca in the Honduran Mosquitia, by Fundación Kaha Kamasa
- Orange Point: A Creative and Innovative Space, by Junior Achievement El Salvador
- Inspire to imagine, by Asociación Instituto Nicaragüense de Desarrollo
- Cycle of Professionalization in Animation, by ZincoTools S.A.S.
- Interactive books and film production with young people from Guatemala, by Fundación C A
- Project mood ring, by Green Lava Studios
A total of 277 proposals participated in the challenge from the 26 borrowing member countries of the Bank in the following sectors: audiovisual, digital arts, animation and video games; multimedia applied to the publishing industry; support media for digital content; technology to innovate in the film and music industry; and fashion, design, tourism, cultural heritage and gastronomy.
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.