Deadline: 2011-10-31 Award: $200,000
Simple innovations can have a dramatic effect on the way businesses and markets operate in developing countries. Countries in Latin America and the Caribbean (LAC) have great potential for the development of economically and environmentally sustainable projects in key areas, such as renewable energy, energy efficiency and biofuels. Local innovation and the adaptation of existing technologies to local circumstances are essential for increasing the competitiveness of renewable energy services and tackling environmental concerns. This competition seeks to support scientific research and applied technology initiatives focused on the adoption, innovation, assimilation, development and transfer of technology in connection with renewable energy sources and energy efficiency, having a tangible impact on the local or regional area, while supporting the development of sustainable economies and reducing poverty.