Young Americas Business Trust (YABT)

 1,433

Caribbean Climate Resiliance Innovation Challenge

Entrepreneur competition for Caribbean youth to provide solutions to help the Caribbean region adjust to the realities of Climate Change
stage:
Finals
prize:
$5000 and Business Support
Overview

Challenge Overview

*For young people in the CARICOM Member and Associate States only 

The Caribbean Innovation Competition (CIC) is an international entrepreneur competition and business start-up accelerator for young people in the CARICOM Member and Associate States. The CIC differentiates itself from other existing business competitions by incorporating “before and after“ stages, focusing on training and mentoring as preparation for the competition, and providing follow up services that include access to finance, networking activities, visibility and promotion opportunities.

Entrepreneurs will have the opportunity to present innovative solutions, tools, and mechanisms that will help the Caribbean region adjust to the realities of Climate Change, while creating economic opportunities and sustainable businesses. The entrepreneurs participating in the CIC 8.0 will also receive further training and mentoring throughout the program, and also international visibility of their businesses during the Finals of CIC, organized during the official activities of the 50th General Assembly of the Organization of American States (OAS).

 

Theme

Resilience and Climate Change: To support the understanding of the reasons and effects of Climate Change.

Priorities: Adaption and Mitigation

  • Adaptation: Developing innovative solutions that will allow citizens and businesses in the Caribbean to adjust to the new realities of climate change by creating new social and economic opportunities.
  • Mitigation: Developing tools and mechanisms that will allow the Caribbean to reduce or eliminate the social, economic, and environmental impact of climate change in the Caribbean.

Specail Focus:

  • Sargassum: Innovative and sustainable solutions to respond to the diverse threats and opportunities that Sargassum presents for the Caribbean. We want to raise awareness on the occurrence of sargassum across the Caribbean.
  • Natural Disasters: Innovative solutions to strengthen the Caribbean disaster management systems in the region, and thus help to reduce the negative impact of hurricanes, floods, or other natural disasters that occur.

Awards

Finalists:

  • Finalist teams will receive a full scholarship for one team member to take part in the finals of TIC Americas/CIC. The scholarship includes: a round-trip flight ticket, travel insurance, hotel accommodation, full meals, and local transportation.
  • Finalists will also have access to, trainings, mentorships, and networking sessions with YABT’s partners, which include multinational and government representatives, international media, investors and a wide network of entrepreneurs in the Western Hemisphere

Winners:

  • A US$5,000 prize is awarded to the winners at the Finals of TIC Americas 2020. This award shall be considered by winning teams as seed capital for their businesses or initiatives. The winners are responsible of all the taxes, financial fees, and any other commission related to the disbursement of Funds.
  • Every winner team receives one trophy, certificate, and other and opportunities to be nominated as a Winning Team of TIC Americas, i.e., participation at International Events of the YABT/OAS, PepsiCo and other partners’ events and conferences.

Competition Deliverables

Teams must present a project plan, following the CIC template that includes: 

A business plan/project

A Market Validation of the Prototype

Online presence: Website, Facebook page or blog that could showcase the product/service via the internet

A graphical presentation, either a video, promotional slide show or collage of at least three pictures that demonstrates the innovation of the product or service.

Note: Deadlines, deliverables and terms of participation may vary, please be advised to read the requirements for award categories carefully, if applicable. 

Projects and enterprises will be evaluated according to the award category for which they have registered to compete. For references please visit the Evaluation Criteria section. 

Guidelines
Timeline
Forum
Community 15