Metaverse Communities

**Access here the recording of the Information session that took place on November 4.**

Objective

In a joint effort, Meta and IDB Lab, the innovation lab of the Inter-American Development Bank (“IDB”) are seeking to support communities that are currently leveraging or seeking to leverage the augmented and immersive capacity of the metaverse1 to foster greater connections with their network of members. Support will be provided directly to leaders of the selected communities2 to continue developing and growing their communities in the metaverse and further their mission.

Meta and IDB Lab encourage all eligible communities in eligible countries located in Latin America and the Caribbean to apply to be considered for two distinct tiers of support. For Tier 1, Meta will provide access to training to all eligible Challenge Participants. In addition to the training, the Challenge is seeking to identify 10 community grantees who are using the metaverse to achieve positive social or economic impact in Latin America and the Caribbean.


1 The metaverse is defined as a set of interconnected digital spaces that will allow us to work, learn, and create online via more immersive experiences that provide a deeper sense of presence. These experiences can come in the form of virtual reality (VR), augmented reality (AR), and/or mixed reality (MR).

2 For the purpose of this Challenge, the term "community" refers to a group of individuals (community members) that share a common interest and that engage in a horizontal way of generating value for one another. Communities can be legally constituted or be informally established as an organization/association that offers benefits (a product, a service, resources, a space, etc.) to its members. The "community” includes but is not limited to: startups, businesses, groups of individuals who routinely engage via online platforms, online content and experience creators, associations, NGOs, affiliations, and formal and non-formal education centers, among others.

AWARDS

To support selected communities as they develop their presence in the metaverse, the following set of awards will be offered by Meta.

Tier 1: Challenge Participants

  • Access to a set of online training courses related to the metaverse.
  • A certificate of participation for those who attend at least 80% of the training sessions.

Tier 2: 10 Challenge Grantees

  • Set of online training courses in Tier 1
  • US$10,000 grant
  • Business coaching
  • 1-week residency at Meta in São Paulo, Brazil
  • Exhibition space in a metaverse event in São Paulo, in March 2023

Who can present applications?

The Challenge is open to the following countries from Latin America and the Caribbean:

Argentina, Bahamas, Barbados, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Panama, Paraguay, Peru, Suriname, Trinidad and Tobago, and Uruguay.

If the lead entity representing your community is legally registered and/or operating in one of the 24 countries listed above, you can apply to the Challenge.

Eligible Applicants

Tier 1: Challenge Participants

Leaders who are building or managing a community that either:

  • (i) is built in the metaverse; or
  • (ii) uses or leverages elements of the metaverse: augmented reality (AR), virtual reality (VR), or mixed reality (MR) tools, contents, and features; or
  • (iii) has a demonstrated interest in the metaverse - meaning communities that engage in discussions and are seeking to learn more about metaverse experiences, technologies, and their applications.

Tier 2: Challenge Grantees

Leaders who are managing an established community that is leveraging the augmented and immersive capacity of the metaverse (i.e. criteria (i) and (ii) above) to generate positive social or economic impact for populations in Latin America and the Caribbean.

*For the detailed information please refer to the Guidelines of this challenge.*

TIMELINE*

*All dates are approximate and subject to change

  • Challenge launch:

    October 25, 2022
  • Submission of applications Part I:

    October 25, 2022 - November 25, 2022

    Part 1 of Application is due November 25, 2022 (11:59 pm midnight Eastern Standard Time USA)  

  • Submission of applications Part II:

    November 14 - December 9, 2022

    *Access for Part II Applications will be granted by invitation only. 

  • Review by selection panel and due diligence:

    December 2022 - February 2023
  • Announcement of selected applicants:

    December - February 2023

    *Tier 1 Challenge Participants: December 2022  

    *Tier 2 Challenge Grantees: February 2023

Complete the online application through the online platform within the deadlines.

Application is divided into 2 parts:

Part I. Part 1 of the Application will be made available on the first day of the Challenge. Applications will be reviewed on a rolling basis to determine whether eligibility integrity criteria have been met. If these criteria have been met, applicants will be awarded Tier 1 awards and will be invited to complete Part II of the Application.

Part I of the Application must be submitted no later than November 25, 2022 (11:59 pm midnight Eastern Standard Time USA).

Part II. Applicants who have successfully completed Part 1 of the application and met all eligibility and integrity criteria will receive a notification inviting them to complete Part 2 of the application through the online platform. The information contained in Part 2 of the application will be used to determine the selection of the 10 Challenge Grantees based on the evaluation criteria.

Part II of the Application must be submitted no later than December 9, 2022 (11:59 pm midnight Eastern Standard Time USA).

***We strongly recommend applicants complete Parts 1 and 2 as soon as possible to have ample time to duly complete both parts of the application. No applications will be accepted after the deadlines above.***

*For the detailed information please refer to the Guidelines of this challenge. *

The selection process will consist of 4 phases as described below:

Phase 1

Initial Screening. After completing the application via the online platform, the selection committee will review, analyze, and pre-select a pool of applications based on the evaluation criteria and results from an initial integrity check.

Phase 2

  • Selection of Challenge Participants. Applicants who meet basic eligibility requirements and present NO risks after the integrity checks have concluded will be granted Tier 1 awards listed above in.

  • Shortlist of Challenge Grantees. Applicants who have been granted Tier 1 awards (Challenge Participants) will be shortlisted as potential Tier 2 Challenge Grantees based on the evaluation criteria.

Phase 3

Deeper analysis and due diligence. A more in-depth due diligence process will be conducted to verify compliance with applicant requirements described. Interviews with community leaders will also be carried out at this stage of the process.

Phase 4

Selection and announcement of 10 Challenge Grantees.

*For the detailed information please refer to the Guidelines of this challenge. *

Applications will be evaluated according to the following criteria to determine the awards at Tier 1 and Tier 2.

Tier 1: Challenge Participants

  1. Meet the participant eligibility criteria listed in Section 03 of the Guidelines  (Eligible Applicants).
  2. Results from initial integrity checks conducted by Meta and IDB do not reveal any risks associated with applicants (i.e. the community leaders).

Tier 2: Challenge Grantees

  1. Meet the participant eligibility criteria listed for Tier 1 above.
  2. Degree of community engagement and reach.

  3. Degree to which the community uses or seeks to use the metaverse to promote the social and economic inclusion of low-income, underserved, or excluded populations.

  4. Degree to which the community is applying or taking into consideration ethical principles in its use of metaverse experiences.

  5. Degree to which the community is generating a positive social or economic change for its members and/or beneficiaries.

  6. Degree to which the community is expanding the possibilities of the use of metaverse experiences and innovating.

  7. Degree to which the applicant clearly demonstrates how the Challenge offerings will strengthen their community and expand their impact.

  8. Potential for scale and replication of the community’s efforts in the country(ies) in which it operates in LAC.

*For the detailed information please refer to the Guidelines of this challenge.*