Deadline: 2 November 2024
Applications are now open for the Silver Region Program, aimed at organizations in the region that have innovative projects that involve technology as a central axis in the positive social impact of the elderly population and their caregivers.
Objectives
- The objective of this Call is to attract the largest number of projects and companies with the potential to be funded, to identify and strengthen services related to the prevention of dependence, long-term care, and empowerment and training of care workers in Latin America and the Caribbean.
- This purpose will be achieved through the 3 stages of the Silver Region program:
- Generating knowledge about the current state of the ecosystem: Through the analysis of data collected during the application process, companies will be characterized to better understand the services available in the region, their characteristics, and their effectiveness. Alongside, to identify those that, due to their potential for development, growth, and humanization index, will be selected for the acceleration phase.
- Building business capabilities within a subgroup of companies identified as having the greatest scaling potential which includes strengthening general business capabilities and what they will refer to from now on as a service humanization component. This refers to the sophistication of services and attention with a focus on humanization and inclusion.
- Through financing those companies with the greatest potential for impact whether due to their scalability or their potential to transform the service.
- This model aims to generate sector knowledge in the region, strengthen a group of companies with innovative and scalable potential, and finally, ensure that available financing is allocated through a rigorous evaluation process, ensuring effective use of resources.
- Furthermore, the ultimate goal is to turn these efforts into a driver of social inclusion and economic recovery in the Latin America and Caribbean region. Initiatives should focus on the poor and vulnerable older people (60+ years) and must be implemented in one or more of the 26 borrowing member countries of the Inter-American Development Bank (IDB).
Topics
- The initiatives subject to submission must revolve around at least one of the following three (3) topics:
- Innovative services in older people (60+ years) care, enhancing quality and increasing the quantity of offerings to meet the exponential demand in the LAC region.
- Caregiver’s training represents the backbone of service quality in the sector.
- Prevention of care dependence (physical and cognitive) and promotion of autonomy in older people (60+ years) to extend a healthy lifespan, ensuring that dependent individuals can maintain a level of functional capacity compatible with their basic rights, fundamental freedoms, and human dignity.
- The Inter-American Development Bank (IDB) defines care dependence as the inability of a person to perform daily activities without assistance from others for an extended period, according to the WHO. Long-term care services include activities performed by third parties to help care-dependent individuals maintain a level of functional capacity that respects their basic rights, fundamental freedoms, and human dignity, Similarly, autonomy is defined as the ability to make decisions, even with support if necessary, according to one’s conscience, values, will, and preferences.
- The above seeks to improve the quality of life for older people (60+ years) and alleviate current and future pressure on existing health, care, and social assistance services, enabling more efficient use of resources and enhancing the long-term sustainability of the system.
Funding Information
- Applicants may access financial resources of up to USD 100,000 per selected initiative.
Eligible Countries
- The proposals must be implemented in one or more of the 26 borrowing member countries of the Inter-American Development Bank (IDB):
- Argentina, The Bahamas, Barbados, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Suriname, Trinidad and Tobago, Uruguay, and Venezuela.
Eligibility Criteria
- Eligible entities for this Call for Proposals include:
- for-profit and non-profit legal entities such as startups, scale-ups, social enterprises, foundations, corporations, universities/think tanks, among others, legally incorporated under the laws of any jurisdiction in the region of Latin America and El Caribbean whose scope was previously defined,
- incorporated at least one year before the date of submission of your application, and
- entities that prove a sales volume greater than USD$0 in the year immediately preceding the submission of the application for the services they provide as part of their stated objectives and that correspond to those contained in their application (hereinafter the Organizations).
- The initiatives presented must have already been implemented by the Applicants in some markets in the LAC region to be implemented in any other market in that region.
Ineligibility Criteria
- Ideas that have not generated sales. Therefore, participants must demonstrate a minimum level of sales greater than USD 0 in the year immediately preceding the submission of the application.
- Organizations that are not legally incorporated as legal entities in any of the countries forming the LAC region, whose scope has been previously defined in Section 1.
- Organizations that do not operate directly in the Latin America and Caribbean region.
- Organizations involved in dissolution proceedings following their constitution law, in mandatory liquidation proceedings according to their constitution law, or that have initiated bankruptcy proceedings or their equivalent in the corresponding jurisdiction.
For more information, visit Silver Region.
