Startup Challenge seeks solutions that support sustainable growth

Washington, D.C., September 23, 2019 – The 15th edition of the Talent and Innovation Competition of the Americas (TIC Americas),presents the Startup Challenge as an award category focused on Inclusion and Development.  The Young Americas Business Trust (YABT) and the Organization of American States(OAS), are promoting the Startup Challenge category to furtherfocus and invest in human capital in order to reduce the economic and social gap in the Western Hemisphere.

In times of the Fourth Industrial Revolution, where technology and innovation are affecting the future of jobs by modifying the current business models, young people, businesses, and citizens in general, need to adjust their knowledge, skills, and mindset.

In response to these challenges, the Startup Challenge seeks innovative solutions developed by young entrepreneurs who have viable and scalable business models in new markets.  They are thecreators of new technologies and better jobs,and help shape the conditions for a better standard of living with less social and economic inequalities.  This category encourages and recognizes young entrepreneurs who make innovation the engine of sustainable and inclusive economic growth, directly supporting the implementation of the Sustainable Development Goals. 

The Startup Challenge is aimed at young people between 18 and 34 years old, citizens of any of the OAS Member States, and who have not been the winner of a previous edition of TIC Americas. During the competition process, they will be able to access training, mentoring, entrepreneurial networks, among other opportunities that seek to support the entrepreneurial developmentin the Western Hemisphere.

We ask young entrepreneurs to propose innovative solutions that will allow an inclusive growth by promoting:

 

  1. Social Inclusion:Developing innovative tools and mechanisms that will allow the equal participation in society of people who are disadvantaged on the basis of age, gender, disability, ethnicity, origin, religion or other status.

 

  1. Financial Inclusion:Developing tools that will allow citizens and businesses to access the financial market through the use of Fintech and Blockchain.

 

  1. Economic Inclusion:Developing tools that ensure the inclusive, full and fair access to labor markets, entrepreneurship, and any other economic opportunity.

 

The teams with the best proposals selected by the judges in the Semifinal phase, will receive a full scholarship to compete in the Finals, to be held in June 2020, in The Bahamas, recognized as the official entrepreneurship activity at the 50th General Assembly of the OAS. The winners will obtain seed capital, the prize of their category, presence at the Expo, media coverage of the press, and links with industry experts, government representatives, the private sector, and international organizations. 

The Startup Challenge also invites public and private organizations to join as strategic partners of the category. An alliance with the YABT / OAS will allow them to reach a younger audience who, through entrepreneurship, are changemakers in the marketplace.

Find out more and register before December 31, 2019, on the website: www.ticamericas.net/startup-challenge

For any questions about the program, contact us via ticamericas@yabt.net

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