The Inter-American Development Bank (IDB) offers funding to businesses using cutting-edge technology in marine management. Innovative entrepreneurs with an interest in the ocean environment can grab up to US$2m in funding, courtesy of a new initiative launched by the IDB in partnership with Compete Caribbean. The Blue Tech Challenge invites firms that use cutting-edge technology to contribute to the sustainable management of marine resources to access loans and grants to develop their business model. “Oceans provide food and a source of income to billions of people. We are looking for innovative technologies that contribute to enhancing the livelihoods, food security and economic development of the Caribbean region’s population,” says Compete Caribbean Executive Director Dr Sylvia Dohnert. Information on who can participate, value of awards, a link to apply to the challenge and more, can all be found here.
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