Source of Innovation: A Facility for Fostering Innovation in the Water, Sanitation and Solid Waste Sector in Latin America and the Caribbean

The Water and Sanitation Division (INE/WSA), in coordination with IDB Lab and together with IDB Invest, KIC and ORP, proposes to create an Innovation Facility for the sector named DiveINN, with the aim of facilitating and enabling the development and introduction of innovative solutions to generate smart and inclusive water and sanitation services (including solid waste management) that in turn contribute to improving sustainable management and use of water, sanitation and waste services for all in LAC. The specific objectives are: (i) strengthen the demand-side of innovative solutions and products, by elaborating assessments at regional, country or service provider level; providing technical support and advisory services to utilities, and; executing on demand pilots; (ii) strengthen and boost the supply of innovative solutions, by doing intelligence and technological vigilance; innovation contests to map solutions, and; providing seed capital to early stage innovation solutions to incubate and/or accelerate the most promising ones; (iii) stimulate productive partnerships between startups and entrepreneurs, water utilities and investors by supporting the exchange between innovators, service providers and investors, and; (iv) promote a culture and an enabling environment for innovation in the WSS sector, by strengthening existing innovation labs and through policy reform.

Project Detail

Country

Regional

Project Number

RG-O1693

Approval Date

November 4, 2021

Project Status

Implementation

Project Type

Container

Sector

WATER AND SANITATION

Subsector

WATER SUPPLY URBAN

Lending Instrument

Lending Instrument Code

Modality

Facility

Facility Type

FFG (Facility Financing for Grants)

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 15,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 15,000,000.00

Can’t find a document? Request information