Source of Innovation: A Facility for Fostering Innovation in the Water, Sanitation and Solid Waste Sector in Latin America and the Caribbean (IADB-RG-O1693)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Regional
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Fund
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 3.10 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 3.10 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS May 18, 2022

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The Water and Sanitation Division (INE/WSA), in coordination with IDB Lab and together with IDB Invest, KIC and ORP, proposes to create an Innovation Facility for the sector named DiveINN, with the aim of facilitating and enabling the development and introduction of innovative solutions to generate smart and inclusive water and sanitation services (including solid waste management) that in turn contribute to improving sustainable management and use of water, sanitation and waste services for all in LAC. The specific objectives are: (i) strengthen the demand-side of innovative solutions and products, by elaborating assessments at regional, country or service provider level; providing technical support and advisory services to utilities, and; executing on demand pilots; (ii) strengthen and boost the supply of innovative solutions, by doing intelligence and technological vigilance; innovation contests to map solutions, and; providing seed capital to early stage innovation solutions to incubate and/or accelerate the most promising ones; (iii) stimulate productive partnerships between startups and entrepreneurs, water utilities and investors by supporting the exchange between innovators, service providers and investors, and; (iv) promote a culture and an enabling environment for innovation in the WSS sector, by strengthening existing innovation labs and through policy reform.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

This a container investment that the IADB is coordinating along with IDB Lab and together with IDB Invest, KIC (Knowledge, Innovation and Communication from the IADB) and ORP (Office of Outreach and Partnership from the IADB).


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ACCOUNTABILITY MECHANISM OF IADB

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).

How it works

How it works