CABEI, the EU and the German government, through KfW, promote regional innovation contest for the generation of bioproducts from wastes

San José, October 12th, 2022.- In order to identify and support technological developments that have a high potential to become businesses based on the use of waste to generate bioproducts, the Central American Bank for Economic Integration (CABEI), through the tripartite initiative with the European Union (EU) and the Government of Germany through KfW, "Development of Ideas for Business and Acceleration of Central American MSMEs (DINAMICA)" promoted the launch of the Program "From Waste to Value: A Challenge for Bioproducts" with a sponsorship of US$25,000.

As part of the Program, developed jointly with the Biomaterials Hub, an initiative executed by the Costa Rican Investment Promotion Agency of the Costa Rican Coalition of Development Initiatives (CINDE) and the Inter-American Institute for Cooperation on Agriculture (IICA), projects from individuals or legal entities from Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama and Dominican Republic will be evaluated, and the five best projects will be rewarded with tools to strengthen their capabilities, technical and commercial validation, among others.

"CABEI supports entrepreneurship in various ways, and we are excited to know that this program will enable new businesses led by visionary Central Americans to emerge for the benefit of the region, its environment and economy," said CABEI Executive President Dr. Dante Mossi.

Registrations are open from October 12 to November 13, and those interested can apply at the following link where they will find more information about the contest, which is scheduled to announce the winners on December 9.