86. Support to Caribbean Startups and Innovative Firms within the Blue Economy

• Contracting Organization: Inter-Americano Development Bank (IADB)

• Start Date: March 2022

• End Date: Ongoing

The consultancy had two main objectives: (a) to design an Institutional Strategy and a Sustainability Action Plan for the Institute of Maritime Affairs (IMA) to increase its institutional capacity to support start-ups and innovative companies in the blue economy within the Caribbean; and (b) to build institutional capacity in the IMA to effectively implement the Institutional Strategy and the Sustainability Action Plan that were developed in point (a).
Methodology and activities:

Methodology and activities performed

To achieve this objective, the following activities were carried out: interviews and focus groups with relevant actors; bibliographic analysis and development of a comparative database; analysis of the current institutional strategy of the IMA; SWOT analysis; analysis of previous events to promote innovation in the blue economy in the Caribbean; mapping of the entrepreneurial and innovative ecosystem of the sector in the Caribbean (through the Pozo Solís stakeholder mapping model and a PESTLE analysis); institutional gap analysis (using the McKinsey 7s model); analysis of the regulatory and legislative context and proposal of necessary changes; development of a CANVAS for non-profit institutions for various sectors; identification of financing needs and strategies; assessment of potential partnerships with key actors; design, validation and execution of result validation workshops; design and implementation of training sessions to build institutional capacity.


Ongoing consultancy