The objective of the Technical Cooperation is to foster the capacity building of Comfama with the generation and transformation of co-created social innovation (SI) solutions into scalable business models to address basic social and economic needs of the low-income Base of the Pyramid (BoP) population in the Department of Antioquia, Colombia. The objective will be supported through: i) the creation of a Social Innovation Platform (SIP) operated by the Caja de Compensación Familiar de Antioquia (non-profit Family Compensation Fund) or ¿Comfama¿ that will catalyze the participation of a multi-dimensional group of stakeholders (e.g. private companies, entrepreneurs, universities, policy leaders and communities) in the generation of community-based targeted SI solutions for the BoP; and ii) the transfer of the IDB¿s Opportunities for the Majority (OMJ) project structuring methodology that will equip Comfama with the tools to help ensure that the solutions generated by the SIP will become sustainable business models to reach the BoP with measurable social impact.
Project Detail
Country
Colombia
Project Number
CO-T1347
Approval Date
January 16, 2014
Project Status
Closed
Project Type
Technical Cooperation
Sector
PRIVATE FIRMS AND SME DEVELOPMENT
Subsector
ENTERPRISE DEVELOPMENT, CLUSTERS AND INNOVATION
Lending Instrument
BID Invest
Lending Instrument Code
IIC
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
Category B13: Uncategorized Directive B.13
Total Cost
USD 300,000.00
Country Counterpart Financing
USD 150,000.00
Original Amount Approved
USD 150,000.00