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IDB Group and MIT Solve announce the 10 finalists of the Rethink Plastics challenge

March 11, 2020

Winners will receive up to $ 60,000 in prizes and the chance to pilot up to $ 250,000 with the IDB Group

3 min read

The IDB Group , formed by the Inter-American Development Bank (IDB) , IDB Invest , IDB Lab, and the Solve initiative of the Massachusetts Institute of Technology (MIT Solve) selected the 10 finalist solutions of the Rethink Plastics challenge, which aims to sensitize governments, businessmen and consumers in order to substantially reduce single-use plastics in Latin America and the Caribbean.

IDB Group and MIT Solve announce the 10 finalists of the Rethink Plastics challengeIDB Group and MIT Solve announce the 10 finalists of the Rethink Plastics challenge

The finalist initiatives are: Algramo , ALLGA , Arqlite , Atando Cabos , E-Coins , Micrastic , Plastic Bank , Precious Plastic , Reciclagem a Seco de Embalagens Plasticas Contaminadas and Plastic Transformation one use, banana packaging Urabá .

The representatives of these solutions, from Argentina, Brazil, Canada, Chile, Colombia, Costa Rica, Mexico and the Netherlands, will present their innovative products through a pitch before the juries on March 17 in Barranquilla (Colombia) in the framework of the Annual Meeting of Governors of the IDB and IDB Invest, where the award winners will also be announced.

“Rethink Plastics received a total of 551 solutions from Latin America and the Caribbean, making it the second highest number in the history of MIT Solve challenges. We are proud to have ten wonderful solutions as finalists, which demonstrate the scope, diversity, and quality of the call, “said Juliano Seabra, chief of the IDB's Innovation and Creativity Division.

The selection of the winners will be in charge of a panel of judges made up of IDB managers, representatives of the academic world and leaders of the private sector, such as: Daniel Mitchell, president of Acoplasticos , Keyvan Macedo, senior manager of sustainability for Natura , Carolina Gil, in charge of New Initiatives and Business Models of Coca Cola , Michel DeGraff, director of the MIT-Haiti initiative, Paula Uribe, senior manager of Pepsico , Silvana López, CEO of The Blockchain Initiative , and Tá Corrales Sánchez, affiliate of the Program of Inclusive Economies from MIT D-Lab .

Winning initiatives will receive up to $ 60,000 in prizes and the possibility of piloting up to $ 250,000 with the IDB Group. Additionally, the finalists will become part of the network of entrepreneurs of the IDB Group and MIT Solve.

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