Call for Blockchain Proposals - Blockchain Innovation Initiative (BII)
CALL FOR BLOCKCHAIN PROPOSALS - Blockchain Innovation Initiative (BII)
AWARDS: US$50,000 to US$180,000 in technical assistance grants
Technical assistance provided to Caribbean blockchain companies and/or their counterpart for the implementation of a blockchain-based solution to a problem affecting inclusive economic development in the region. Eligible expenses funded through non-reimbursable grants by CCPF include but are not limited to:
• Consulting fees: marketing campaign, legal services, IT services, testing, specialized expertise, process reengineering, training and capacity building, development of protocols, coding, etc.
• Costs of organizing consultations, traveling expenses
• Publication/reproduction of documents and materials
• Purchase of certain licenses or registration fees
• Purchase of certain equipment (max. 30% of project budget if non-bank executed)
To stimulate innovation and improve productivity in the Caribbean.
Blockchain solution provider(s) involving Caribbean firms and “problem owners”.
Antigua & Barbuda; The Bahamas; Barbados; Belize; Dominica; Grenada; Guyana; Jamaica; St. Kitts & Nevis; St. Lucia; St. Vincent & the Grenadines; Suriname; Trinidad & Tobago.
Proposals must be submitted before June 15th, 2020. Six projects will be invited to pitch their problem, solution and implementation plan to an independent Investment Panel(IP) in August 2020 (date to be confirmed). The two or three most promising projects will be selected based on the evaluation criteria and funding available.
- How much?
Compete Caribbean will grant selected projects 50% of the total budget to a maximum ofUSD$180,000 per project. The project must contribute a counterpart of 50% (minimum) of the total budget, half of which can be provided in-kind (ie. time allocation of critical staff to ensure successful implementation).
The Caribbean firm leading the project proposal must use the templates provided to submit:
a) Project proposal describing (i) The problem; (ii) The solution. The technical proposal should include an overview of the architectural flow; (iii) The business case which can include the Social Return on Investment (SROI) estimated; (iv) The risks and mitigation strategies given the scope of the pilot project; (v) The structure of the project team with roles and background of each team member; (vi) The governance structure to facilitate decision making during the project implementation, manage approval of milestones, sustain buy-in, capture lessons learned, optimize results, etc.
b) Implementation plan– Spreadsheet with activities, outputs, timeline, budget, responsibilities of stakeholders.
c) Letters of commitment from the beneficiary entity(ies) responsible for the counterpart contributions in kind and in-cash.