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Source: Inter-American Development Bank

The Inter-American Development Bank (IDB) announced the 12 shortlisted proposals of the first edition of the Challenge: Orange Innovation, which seeks to recognize innovative business models that are using cutting-edge technologies for specific sectors of the Orange Economy.

The 12 proposals will be considered by IDB Lab to select those that enter a later stage of co-creation and potential financing with grant resources of up to US$500,000. As part of the award, a representative of each team will participate in FOROMIC to present their proposals.

In the Challenge: Orange Innovation, innovative business models with high social and economic impact potential in cultural and creative industries participated to be implemented in nine countries: Belize, Costa Rica, El Salvador, Guatemala, Haiti, Honduras, Nicaragua, Panama and Dominican Republic.

The 12 proposals were selected by a panel of external and IDB experts from Latin America and the Caribbean, based on the following criteria: use of disruptive technologies, innovation of the model, scalability potential, financial sustainability among others.

The shortlisted proposals of the Orange Challenge that will be in FOROMIC are:

  1. Sandbox – Space for integration of technology and performing arts, by Fundación Espacio Creativo
  2. MENTO AR, by Mento
  3. Stereotheque in Costa Rica, by  Stereotheque
  4. “Alter3” & Android Opera “ScaryBeauty”, by ATAK TOKYO Co.,Ltd.
  5. Virtual Platform of Click Orange Design, by Fundacion Tecnalia Colombia
  6. Teacher Training in the use of emerging and disruptive technology, by Asociación EcoStudio
  7. Implementation of orange economy programs for the development of native communities neighboring the archaeological project Ciudad Blanca in the Honduran Mosquitia, by Fundación Kaha Kamasa
  8. Orange Point: A Creative and Innovative Space, by Junior Achievement El Salvador
  9. Inspire to imagine, by Asociación Instituto Nicaragüense de Desarrollo
  10. Cycle of Professionalization in Animation, by ZincoTools S.A.S.
  11. Interactive books and film production with young people from Guatemala, by Fundación C A
  12. Project mood ring, by Green Lava Studios

A total of 277 proposals participated in the challenge from the 26 borrowing member countries of the Bank in the following sectors: audiovisual, digital arts, animation and video games; multimedia applied to the publishing industry; support media for digital content; technology to innovate in the film and music industry; and fashion, design, tourism, cultural heritage and gastronomy.

About the IDB

The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.

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