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CO-T1601 : Technology and Innovation to Close the Conservation Finance Gap in the Amazon Basin. The Herencia Colombia Pilot

Project Status: Implementation

Leticia is a digital collaborative platform aimed to support filling the conservation financing gap in the Amazon Basin by optimizing project financing channels in this region. The platform would use the most advanced technologies and algorithms to provide information on who is doing what where and intelligently connect investors and funding sources with high impact public and private projects. As a digital platform, Leticia aims to provide in one place intelligent data and tools to connect governments, investors, donors, philanthropists with carefully identified investment opportunities in high priority locations for programs such as Herencia Colombia. The platform combines location intelligence with the power of connections and collaboration integrating the industry-leading Geographic Information System (GIS) and Client Relationship Manager (CRM) platforms in one place. Additionally, the alliance with the Basque Institute for Climate Change (BC3) allows the implementation of advanced data science algorithms using data from external partners based on unique semantic analysis capabilities. This powerful combination allows Leticia to provide a wide range of audiences with a fast and accurate response with an optimal user experience.

Project Detail

Project Number
CO-T1601
Approval date
December 18, 2020
Project Country
Colombia
Project Sector
ENVIRONMENT AND NATURAL DISASTERS
Project Subsector
BIODIVERSITY AND PROTECTED AREAS CONSERVATION
Project Type
Technical Cooperation
Environmental and social impact category
C
Project Status
Implementation
Operation Number
ATN/ME-18509-CO

Financial Information

Project Number
CO-T1601
Project Status
Implementation

IDB Financing

Financing type
TCN
Fund
Multilateral Investment Fund II (MIF) -
Reporting currency
USD - United States Dollar
Reporting date
Jun/24/2022

Roles & Responsibilities

Contract signature date
Mar/12/2021

Project Information

Total Cost
USD 2,497,036
Country counterpart financing
USD 1,497,036
Amount
USD 1,000,000

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