Component 1 -The Innovation Challenge Facility is targeting eligible businesses with innovation projects that have been concept proven, tested, ready to be piloted, or ready to be fully operationalised or commercialised.
The Grant Your Innovative Idea Deserves
Third Call For Proposals
|Lots||Description||Grant Amount||% Of Project Total Costs which the Applicant must contribute|
|Lot 1: small and medium sized enterprises (SMEs)||No. of Employees: ≤ 50.
Assets: ≤ TTD$ 5 million (excluding real estate).
Annual Sales: ≤TTD$ 10 million.
|Minimum USD 50,000 – Max. USD 75,000||Minimum 25%|
|Lot 2: Inclusive Business Innovation Solutions promoted by large businesses or SMEs||No limitations||Minimum USD 50,000 – Max. USD 500,000
Small firms applying for grants above USD 75,000 must show their capacity to manage large projects.
|Minimum contribution for small firms: 25%
Minimum contribution for large firms: 50%
Timeline for the Third Call
Timelines including the dates for the information sessions are as follows:
Thursday 6th July 2023(La PAZ)
Thursday 13th July 2023; 10:30 - 12:00(La PAZ)
Tuesday 25 July 2023; 10.30 – 12.00(La PAZ)
Thursday 3rd August 2023, 10.30 – 12.00(La PAZ)
Thursday 10th August 2023, 10.30 – 12.00(La PAZ)
Wednesday 30th August at 23.59 (La PAZ)
Wednesday 20th September 2023
Wednesday 15th November 2023
Wednesday 6th December 2023
Eligibility and Completeness Check
Companies would need to ensure that their Proposal is Eligible in Stage 1 and is Complete for stage 2. See our Innovation Challenge Facility Guidelines (Page 16 for more information)
See our Innovation Challenge Facility Guidelines (Page 20 for more information)