InnovAction Challenge 2.0: Open to students and professionals under 35 in Latin America & the Caribbean. Awards include US$20,000. Deadline: April 5, 2024. No entry fee.
About the Opportunity
- Theme/Objective:
- Foster entrepreneurship, sustainable development, and environmental resilience.
- Focus on Latin America and the Caribbean, particularly marginalized communities.
- Promote eco-conscious business models in emerging economies.
- Empower change-makers through innovation and sustainable solutions.
- Categories:
- Seek ideas for initiatives and new business models across sectors.
- Address waste, improve energy efficiency, and enhance eco-friendly transportation.
- Sectors:
- Key sectors include food production, agriculture, land use, ocean and coastline restoration, forest conservation, electricity, industry, transportation, and building construction.
- Emphasis on promoting sustainable livelihoods, ensuring food security, and maintaining the health of oceans, soil, and forests.
Who Can Apply
| Criteria | Information |
|---|---|
| Participants | Students, professionals, especially young social and economic entrepreneurs from marginalized communities. |
| Age Group | Under 35 years of age. |
| Geographic Eligibility | Citizens or legal residents of OAS Member States (excluding Canada, Cuba, the United States, and Venezuela) capable of registering a company in these countries.
Multinational teams are eligible. Eligible countries: Antigua and Barbuda, Argentina, The Bahamas, Barbados, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominica, Dominican Republic, Ecuador, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Trinidad and Tobago, Uruguay. Not open to Canada, Cuba, the United States, and Venezuela. |
| Academic Requirement | No specific academic requirement mentioned. |
| Team Size | Minimum of 1 and a maximum of 10 members. |
| Special Focus | Emphasis on participants from Afro-descendant, indigenous, LGBTQI, people with disabilities, and other marginalized communities. |
| Registration | Participants must be capable of formally registering a company in the eligible countries. |
| Multinational Teams | Multinational teams are eligible, registered in the country of nationality or permanent residence of the CEO. |
Timeline
| Official Launch | November 1, 2023 |
|---|---|
| Applications Deadline | April 5, 2024 |
| Evaluation | May, 2024 |
| Finalists Announcement | June, 2024 |
| Finals | July, 2024 |
Award
- Top Team Prize:
- Valued at US$20,000, including cash, 6 months of business training, and promotion opportunities
- Category Prizes:
- First and second-best teams per category receive US$15,000 and US$12,500, respectively
Entry Fee
- No entry fee.
How to Apply
- Visit the registration page and create an account.
- Fill out the required fields and choose your project’s focus area.
- Complete the business plan form, provide a visual portfolio, and demonstrate online presence.
- Check delivery dates and submit the required documents.
Other Information
- Program Frequency: Annually (check official website for updates)
- Organizer: Young Americas Business Trust (YABT)
- Contact: Email: ticamericas@yabt.net
More Information
- Target Participants Anyone, Students, Professionals, Age-restricted
- Award Type Fully Funded, Prize-money
- Program Frequency Yearly