FREQUENTLY ASKED QUESTIONS
1. What is the Orange Economy?
The Orange Economy is a set of linked activities that enable ideas to be transformed into goods and services and whose value may be based on intellectual property, according to the Inter-American Development Bank (IDB)’s definition. To learn more, download the publication here.
2. What technologies are considered?
They include: artificial intelligence (AI), machine learning (ML), virtual reality (VR), augmented reality (AR), the internet of things (Iot), cryptographic token, blockchain, behavior tracking & modeling, 3D printing, big data, facial and voice recognition, and others.
3. Who can participate?
Entities eligible to participate include innovators, entrepreneurs, startups, NGOs, businesses, academic institutions, research institutes, social enterprises, public innovation institutions, or similar entitles that are seeking pilot and scaled-up commercial models based on cutting-edge technologies for the creative industries.
4. What characteristics should these entities have?
They must have the following four characteristics:
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They must come from cultural and creative industries in identified sectors.
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They must use cutting-edge technologies.
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They must demonstrate that they are financially sustainable.
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They must have economic and social impact.
5. Which countries can participate?
Countries that can apply must be from the 48 IDB member countries, but they are eligible only if they are associated with local organizations of the country where the project will be implemented. The nine countries where the solutions can be implemented are: Belize, Costa Rica, El Salvador, Guatemala, Haiti, Honduras, Nicaragua, Panama, and the Dominican Republic.
6. What sectors can the innovations come from?
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Audiovisuals, digital arts and animation, and video game.
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Multimedia applied to the publishing industry.
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Support services for digital content.
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Technology to innovate in the film and music industry.
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Fashion, design, tourism, cultural heritage, and gastronomy, as long as the solution is a technological one.
7. If my entity is registered in one of the nine target countries, do I need to present a joint application with an entity located outside the region?
The entity must be registered in a country where the application is going to be implemented or presented in partnership with an entity in the country where it will be implemented.
8. If I have questions related to my submission, whom can I contact?
Keep in mind that we will only answer questions related to technical issues. You can submit questions by email to: demandsolutions@iadb.org before the final submission deadline.
9. Can I send the application in any language other than English?
The proposal and all eligibility documents (proof of legal registry, bylaws and audit reports) can be presented in French, English, or Spanish.
10. What information should I complete when submitting the application online?
Click here to see what information is required, but remember to APPLY ONLINE.
11. Can I attach files to support my application?
For grants, or innovation prototypes, please see the section 5 (A and B) of the guidelines. Download it here.
12. What is the prize?
The prize consists of the preselection of proposals that will be considered by IDB Lab for financing and implementation of the proposed business model in one of the nine target countries. Those that are preselected will travel to FOROMIC to present the proposals.
13. When will the decision on the proposals selected be made?
The decision for the preselection of proposal will be made at the end of September 2019.
14. What type of financing will the IDB be providing?
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GRANT (non-reimbursable financing) US$150,000 – US$500,000.
Entities need have counterpart resources: 50% of the total budget, half in cash and half in kind (applicant organization 50% = 25% cash and 25% in kind).
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INNOVATION PROTOTYPE (non-reimbursable financing) up to a maximum of $150,000 to develop and test the proposed prototype.
Entities need to have counterpart resources: 20% of the total budget, half in cash and half in kind (applicant organization 20% = 10% cash + 10% in kind).
Please consult the guidelines for detailed information.
1. What is the Orange Economy?
The Orange Economy is a set of linked activities that enable ideas to be transformed into goods and services and whose value may be based on intellectual property, according to the Inter-American Development Bank (IDB)’s definition. To learn more, download the publication here.
2. What technologies are considered?
They include: artificial intelligence (AI), machine learning (ML), virtual reality (VR), augmented reality (AR), the internet of things (Iot), cryptographic token, blockchain, behavior tracking & modeling, 3D printing, big data, facial and voice recognition, and others.
3. Who can participate?
Entities eligible to participate include innovators, entrepreneurs, startups, NGOs, businesses, academic institutions, research institutes, social enterprises, public innovation institutions, or similar entitles that are seeking pilot and scaled-up commercial models based on cutting-edge technologies for the creative industries.
4. What characteristics should these entities have?
They must have the following four characteristics:
- They must come from cultural and creative industries in identified sectors.
- They must use cutting-edge technologies.
- They must demonstrate that they are financially sustainable.
- They must have economic and social impact.
5. Which countries can participate?
Countries that can apply must be from the 48 IDB member countries, but they are eligible only if they are associated with local organizations of the country where the project will be implemented. The nine countries where the solutions can be implemented are: Belize, Costa Rica, El Salvador, Guatemala, Haiti, Honduras, Nicaragua, Panama, and the Dominican Republic.
6. What sectors can the innovations come from?
- Audiovisuals, digital arts and animation, and video game.
- Multimedia applied to the publishing industry.
- Support services for digital content.
- Technology to innovate in the film and music industry.
- Fashion, design, tourism, cultural heritage, and gastronomy, as long as the solution is a technological one.
7. If my entity is registered in one of the nine target countries, do I need to present a joint application with an entity located outside the region?
The entity must be registered in a country where the application is going to be implemented or presented in partnership with an entity in the country where it will be implemented.
8. If I have questions related to my submission, whom can I contact?
Keep in mind that we will only answer questions related to technical issues. You can submit questions by email to: demandsolutions@iadb.org before the final submission deadline.
9. Can I send the application in any language other than English?
The proposal and all eligibility documents (proof of legal registry, bylaws and audit reports) can be presented in French, English, or Spanish.
10. What information should I complete when submitting the application online?
Click here to see what information is required, but remember to APPLY ONLINE.
11. Can I attach files to support my application?
For grants, or innovation prototypes, please see the section 5 (A and B) of the guidelines. Download it here.
12. What is the prize?
The prize consists of the preselection of proposals that will be considered by IDB Lab for financing and implementation of the proposed business model in one of the nine target countries. Those that are preselected will travel to FOROMIC to present the proposals.
13. When will the decision on the proposals selected be made?
The decision for the preselection of proposal will be made at the end of September 2019.
14. What type of financing will the IDB be providing?
-
GRANT (non-reimbursable financing) US$150,000 – US$500,000.
Entities need have counterpart resources: 50% of the total budget, half in cash and half in kind (applicant organization 50% = 25% cash and 25% in kind). -
INNOVATION PROTOTYPE (non-reimbursable financing) up to a maximum of $150,000 to develop and test the proposed prototype.
Entities need to have counterpart resources: 20% of the total budget, half in cash and half in kind (applicant organization 20% = 10% cash + 10% in kind).
Please consult the guidelines for detailed information.