MDC and Inter-American Development Bank (IDB), headquartered in Washington, D.C., are teaming up to present Demand Solutions Miami, an event and competition aimed at finding entrepreneurial solutions to the multitude of problems plaguing countries in Latin America and the Carribean. Demand Solutions: Ideas for Improving Lives was developed by IDB as a way to explore ideas that could solve the region’s most pressing issues. The program, which hosts events across the U.S. and Latin America, targets companies that are in the creative and cultural sectors, an area of industry that IDB has dubbed the “orange economy.” According to IDB, were the orange economy a company, “it would be the world’s fourth largest economy, it would rank ninth in exports of goods and services and it would represent the world’s fourth largest workforce.” For Demand Solutions Miami, participating ventures must have an innovative product or idea to improve lives in the following categories: Design with Social Responsibility, Gastronomy as an Agent of Transformation, Multimedia to Save the World, Sustainable Fashion and Stereotype-Free Music. Representatives from 12 promising Latin American and Caribbean startups and five South Florida businesses will have the opportunity to present their products to a panel of industry specialists and potential investors. The top three startups from Latin America and the Caribbean will be awarded cash prizes, ranging from $7,000 to $30,000. The South Florida entries will compete for one $15,000 award. Demand Solutions Miami will take place at MDC, Wolfson Campus on October 19.
Published by Miami Dade College. View All Articles.