Funding for the development of innovative ideas that promote renewable energy.
IDEAS is an award programme which supports the development of innovative ideas that promote renewable energy, and help to improve energy efficiency and access across the Caribbean. The fund provides awards of up to US$200,000 and also support from technical and business development advisors, to facilitate implementation and expansion of projects.
The programme is financed by the Department for International Development (DFID), the Inter-American Development Bank (IDB) and the South Korean Government. The Global Village Energy Partnership (GVEP) is the implementing partner.
Eligibility to apply for funding or support
This competition is open to any individual, business or enterprise based in the following countries: Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Dominica Republic, Grenada, Guyana, Haiti, Jamaica, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago.
Business schemes and commercial ventures must have the potential to attain significant scale. Proposals need to have a focus on innovation in relation to technology or business model, and on renewable energy sources, energy efficiency and climate change mitigation.
Proposals must be capable of being achieved within 2 years of receiving the initial disbursement.
Requests for funding must not exceed US $200,000 per project.
Applicants already in receipt of IDB, FSE or GVEP funding for previous IDEAS projects are not eligible to apply.
A contribution from the project amounting to 20% of the aggregate total budget must be provided in cash or in kind.
Proposal applications for IDEAS must be submitted using the online application form, available from the IDEAS website. Each applicant may submit only one application, completed in English, Spanish or French. Information for the next round of the competition will be available soon.
Published: 25 March 2013