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IDEAS: energy innovation awards in the Caribbean

IDEAS is an award Program which supports the development of innovative ideas that promote renewable energy, and help to improve energy efficiency and access across the Caribbean. The fund provides awards of up to US$200,000 and also support from technical and business development advisors, to facilitate implementation and expansion of projects. The Program is financed by the Department for International Development (DFID), the Inter-American Development Bank (IDB) and the South Korean Government. Energy 4 Impact, formerly known as the Global Village Energy Partnership (GVEP), is the implementing partner. Business schemes and commercial ventures must have the potential to attain significant scale. Proposals need to have a focus on innovation in relation to technology or business model, and on renewable energy sources, energy efficiency and climate change mitigation. Proposals must be capable of being achieved within 2 years of receiving the initial disbursement.

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Specifications

Program website

http://www.iadb.org/en/topics/energy/ideas/ideas-energy-innovation-contest-for-renewable-energy-energy-efficiency-and-access,3810.html

Type

Award/Competition
Investor

Geographical Scope

Caribbean

Type of Cap Building

Business Development

Funding / Investment / CapBuild type

Awards: up to US$200,000.
A contribution from the project amounting to 20% of the aggregate total budget must be provided in cash or in kind.

Technical or other assistance

Support from technical and business development advisors, to facilitate implementation and expansion of projects.

Contact information

E-mail

ideas@iadb.org

Last update

Date

09-01-2018

Status

No status

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