Origination | BID LAB

01. Origination

The origination is the first stage of the process, in which a proposal is brought forward so that it can become a project supported by IDB Lab. This first stage has several phases:

Origination

Handshake Icon

01. Handshake - Introduction

Idea
idea for a project
or a draft concept

The entity seeking IDB Lab financing contacts an IDB Lab specialist at its IDB local office or at the headquarters in Washington, D.C., to propose an idea for a project or a draft concept of the business model it would like to develop. Please note that IDB Lab often approaches entities to promote and/or assess an initiative.

Icono Impacto
Economic, social,
and environmental impact

The local specialist holds an introductory meeting with the proposing entity to provide further information on the selection criteria and types of available financing and, primarily, get input on the target populations that would benefit from such an idea (economic, social, and environmental impact).In addition, the specialist also discusses the proposing entity’s technical and management capacity (institutional capacity) to execute the proposal in financial and operational terms and their experience in similar projects.

Icono Draft
draft concept or pitch

In case the proposing entity’s initiative is compatible with the strategy and the verticals on the scope of IDB Lab, the specialist will share an initial template known as “Draft concept or pitch” for the proposing entity to fill in the sections with the definition of the existing problem, the innovative solution, the mechanics behind the model and the description of the population that would benefit from the implementation of such solution. See an example of a draft concept or pitch.

Icono Dialogo
dialogue with the entity

If there is neither a profile nor a defined project idea, the local specialist can use the time to exchange ideas with the proposing entity: he could introduce IDB Lab’s credentials and explain the project requirements, the type of proposing entities that IDB Lab can or cannot fund, and the types of projects and beneficiaries it expects to support, among other topics.

Aspects to be developed
Click here for further information on each topic
01. Preliminary concept
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02. Draft or concept note review

The IDB Lab specialist reviews the proposal in detail to determine whether it is compatible with IDB Lab’s strategy and verticals. Other aspects are also analyzed:

Lupa
Is the initiative aligned with IDB and the country’s strategies?
Papel
Is the initiative aligned with the knowledge objectives set by the IDB?
Idea
Is the idea fairly innovative in the country?
Lock
Does the entity have enough counterpart? Is it from a guaranteed source?

If the operation complies with the requirements, a new stage begins on the IDB Lab side: the follow-up and orientation stage where the concept note or pitch will be fully developed. Consequently, a project team is appointed with specialists from IDB Lab, the IDB, and/or IDB Invest to follow up the process.

Aspects to be developed
Click here for further information on each topic
01. Initiative details
Proposal submittal Icon

03. Proposal submittal

The IDB Lab Team that supported the preparation of the draft proposal and the proposing entity submit the proposal to the Eligibility Committee at IDB Lab. If the draft proposal is accepted, it becomes “eligible”. This step is a green light for IDB Lab and the proposing entity to start the formal design of the proposal. In general terms, eligibility will require the implementation of certain recommendations during the formal design stage of the project. Should the proposal be ineligible, IDB Lab will inform the result to the proposing entity. Please note that, at times, entities are encouraged to re-submit their proposals after they have introduced the modifications and recommendations made by the Committee.