UP TO US$1.5 MILLION

IN FINANCING 

The BetterTogether Challenge is led by IDB Lab and USAID, with the goal of financing civil society initiatives to improve the lives of Venezuelans residing in countries in Latin America and the Caribbean. 

A global initiative to identify, boost and scale innovative solutions proposed by Venezuelans, wherever they might be located, as well as by worldwide innovators to support those affected by the regional crisis. 

Financing levels: 

Level 1, Ideas: up to US$25,000 to develop and test an idea in its initial phase.
Level 2, Prototype: up to US$250,000 for a development pilot in the intervention areas established for the Challenge. 
Nivel 3, Validation: up to US$500,000 to broaden already-successful pilot tests.  
Nivel 4, Expansion: up to US$1,500,000 for tried-and-true solutions with viability for commercial, alliance-generation, or capital attraction. They must have the capacity to mobilize additional external resources. 

The Challenge is open to registered non-governmental organizations, national, regional, and local organizations, indigenous and community-based organizations, foundations, private enterprises, business associations, religious organizations, women-led enterprises, universities, and think tanks. 

What kind of solutions are we looking for?

Innovative solutions that can mitigate the effects of this regional crisis through one or more scopes of action. Successful solutions will be implemented on the basis of a clear knowledge of the problem and its context; promoting diversity and inclusion. The proposed solution must prove its potential or capacity to be amplified, sustainable, and provide measurable impact. 

WHAT COUNTRIES CAN PARTICIPATE?

The geographic scope is subject to change according to the emerging needs tied to the situation in Venezuela. The Challenge will initially focus on the communities that have hosted Venezuelan refugees. Applicants can be located in any part of the world, but solutions proposed must be implemented in one or more of the following territories: 

• Argentina

• Brazil

• Chile

• Colombia

• Ecuador

• Guyana

• Panama

• Peru

• Trinidad & Tobago

• Venezuela

The Challenge will allow to:

– Elevate the Venezuelan people’s voice and creativity to respond to the needs of the regional crisis, and inform on its specific problems to those proposing solutions. 
– Connect Venezuelans, host communities, and creative minds anywhere in the world to promote the development of innovative solutions.
– Expand networks among communities and countries to promote collaboration. 
– Finance, test, and scale solutions.
– Build an inventory of solutions previously tested and ready to be implemented.

Documents of interest:

• Challenge guide and requirements.
• Established scopes for financing.
• Frequently Asked Questions.

To know more about this and other financing opportunities, register on WiConnect.