: Proponent entity should be located in one of IDB’s 48 member-countries
or in those Compete Caribbean beneficiary countries which are non-IDB members: Antigua and Barbuda, Dominica, Grenada, St. Lucia, St. Kitts and Nevis, and St. Vincent and the Grenadines. If the proponent entity is not located in one of the 14 target countries, it should present a proposal in partnership with an entity located and legally registered in one of the 14 target countries in the Caribbean region: 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. Project impact must target one of these 14 countries in the Caribbean.Requirement 2:
Proposed business model should have the following characteristics: a) focused on cutting-edge technology that contributes to the sustainable use or management of oceans, coastal resources and/or marine ecosystems); b) aimed at enhancing the livelihoods, food security, and economic development of the Caribbean region’s population.
Models that target beneficiaries who are traditionally excluded groups or communities (i.e., women, indigenous and/or low-income populations) are highly encouraged.Requirement 3:
Commercial viability of proposed business model. Provide clear analysis of project viability and indication of how revenue will be generated over the life of the project and beyond (after IDB funding is utilized).Requirement 4:
Proponent entity should provide written proof of counterpart resources to implement their model (IDB would provide matching funding, approximately 40-50% of the proposed project budget).Requirement 5:
Proponent entity should provide documents certifying its legal constitution/incorporation.