The project will catalyze an alliance that will generate a pipeline of startups and an ecosystem of support for innovative solutions that can provide the water, sanitation and solid waste sector through the development and implementation of the Innovation Facility for water, sanitation and waste.the Facility will be a physical and virtual platform for the promotion of innovation in water, sanitation and solid waste in Latin America and the Caribbean, located in DistritoTec in Monterrey, Mexico, and supported mainly by the Tecnológico de Monterrey, the FEMSA Foundation and the Inter-American Development Bank Group. Its objectives are to build synergies between actors in the innovation system and attract resources to address challenges related to water, sanitation and solid waste management. This will generate an ecosystem to provide new technological and business solutions to the sector, establishing connections for a vibrant and innovative ecosystem [1]. The direct beneficiaries of the Facility will be innovative ventures that are looking to test their solutions or that already have a developed solution and are looking for commercial growth.

Project Detail

Country

Mexico

Project Number

ME-T1517

Approval Date

October 12, 2023

Project Status

Implementation

Project Type

Technical Cooperation

Sector

WATER AND SANITATION

Subsector

WATER SUPPLY URBAN

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 839,260.00

Country Counterpart Financing

USD 429,260.00

Original Amount Approved

USD 410,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/CF-20378-ME Non-Sovereign Guaranteed USD - United States Dollar Common Account - COFAB Nonreimbursable
ATN/FG-20379-ME Non-Sovereign Guaranteed USD - United States Dollar Spanish Framework - General Cooperation Nonreimbursable
Operation Number ATN/CF-20378-ME
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Common Account - COFAB
  • Financial Instrument: Nonreimbursable
Operation Number ATN/FG-20379-ME
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Spanish Framework - General Cooperation
  • Financial Instrument: Nonreimbursable

Can’t find a document? Request information

 Preparation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000790-621077842-6
Profile
IDEATE 2023-03-28 Public Summary 1267 ME-T1517.pdf
Mar. 26, 2024
English
 Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000790-621077842-4
Donors Memorandum
ME-T1517_ Documento de TC aprobado vp.pdf
Jan. 24, 2024
English

Have an Environmental or Social issue related to IDB projects? File a Complaint