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Call for proposals: business models to foster the long-term sustainability of the ocean economy in Caribbean markets

NOTE: This opportunity has expired or is an event which has already taken place.

Can you propose a business model that applies new technologies or solutions to foster the long-term sustainability of the ocean economy in one of the following 14 target countries? Bahamas, Barbados, Belize, Guyana, Haiti, Jamaica, Suriname, Trinidad and Tobago, Antigua and Barbuda, Dominica, Grenada, St. Lucia, St. Kitts and Nevis, and St. Vincent and the Grenadines.

The Inter-American Development Bank (IDB) is looking to provide support to pilot and scale commercial models rooted in cutting-edge technologies that contribute to the sustainable management of oceans and coastal resources (or marine ecosystems) as the basis for livelihoods, food security and economic development of the Caribbean region.

Qualifying entities will be considered by IDB to implement a development project to pilot the blue economy model in one of the 14 target countries. The funding requests should be within a range of US$150,000 to US$500,000 for non-reimbursable technical assistance (grants). Proposals for loans should be within a range of US$500,000 to US$2,000,000. Note that the proponent entity should contribute with at least 50% of the project budget.

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