InnovAction Challenge 2.0: Innovation in Action for Climate Solutions

Youth unemployment in Latin America and the Caribbean is high compared to other regions in the world and has worsened due to the COVID-19 pandemic. On top of that young people will bear the brunt of current and future climate challenges in the region. The IAF promotes youth-led employment creation and the sustainable management of natural resources.

Our partner the Young Americas Business Trust (YABT) will launch the Innovation in Action Challenge Fund (InnovAction 2.0) to create youth-led entrepreneurship that supports initiatives that reduce impacts on the environment and ecosystems the risks of climate shocks emissions and energy use.

As part of InnovAction 2.0 and in close collaboration with the IAF YABT will provide business training to hundreds of youth throughout Latin America and the Caribbean engaging a volunteer network of experts to evaluate ideas and selecting the best proposals for further mentoring.

Specialized business mentoring and prize money will be awarded to winning business ideas to reduce greenhouse gasses in the atmosphere by lowering emissions and promoting the health of forests oceans and other natural reservoirs that absorb carbon.

This cooperative agreement advances the IAF?s strategic initiative to promote the economic and social inclusion and human rights of historically marginalized populations.