Pitch your tech-based solutions to help solve development challenges for Healthy Oceans in Asia and the Pacific
They’re looking for innovative tech-based solutions that can solve healthy oceans-related challenges. This competition includes two challenges: 1) Prevent plastic waste, and 2) Restore and protect coral reefs.
Healthy Oceans Technology Innovation Challenge (TIC) calls for technology providers to submit an expression of interest (EOI) – by Friday 12PM (noon), 27 November 2020 (Philippines Time = UTC +8)– to propose and conduct a pilot on high-level technology solution addressing one of the two development challenges below:
• PREVENT PLASTIC WASTE
• RESTORE AND PROTECT CORAL REEFS
The selected proposal can receive up to $500,000 grant, and technology providers must co-finance at least 10% of the total cost. Two proposals are expected to be awarded under Healthy Oceans TIC.
What is the Technology Innovation Challenge (TIC)?
Under TIC, technology providers are invited to submit a proposal to undertake a proof-of-concept/pilot of a high-level technology solution to address an identified development challenge. Selected proposals can receive a grant of up to US$500,000.
The purpose of the TIC grant is to introduce new solutions in ADB’s developing member countries (DMCs) and thereby support ADB’s mandate in assisting DMC’s to reach the Sustainable Development Goals. Through TIC, DMCs will learn about new technology solutions to address various development challenges, and technology providers’ risks related to market entry may be reduced by showcasing their technologies.
The proposed technology or solution has to be new to the country or to the context with improved efficiency, impact, and/or life-cycle cost compared to existing solutions. However, the technology should have been tested and verified before in another country or context.