Note: Deadlines, deliverables, and terms of participation may vary for each of the awards. For this reason, we recommend that participants read carefully and separately the requirements for each category. Projects and enterprises will be evaluated according to the award category, for which they have registered to compete. For references, please visit the Evaluation Criteria section.
YABT and PepsiCo are committed to take action by identifying key issues to move forward with a strategic plan for sustainable development in the Western Hemisphere. In doing so, YABT and PepsiCo work together to identify, recognize and award innovative, sustainable and viable business solutions to reduce the industry’s impact on the environment.
In the tenth edition of Eco-Challenge, teams are asked to develop viable, scalable and ready-for-investment solutions to the following challenges:
Solutions that increase access to information of nutritive and adequate food and beverages at an affordable price. These new products will provide a healthy nutrition to low income populations, especially in rural areas.
Solutions that respond to the fact that a relationship between food and people implies the protection of the environment as well as the development of sustainable ways to produce and consume goods.
Solutions to reduce gender inequality. Especially supporting access to the labor market of women, responding to the United Nations Sustainable Development Goals.
Participants in the Eco-Challenge category will not develop a business plan, instead they must develop a project plan template provided by YABT and PepsiCo, which is publicly available on the website.
2. Startup Challenge
Economists and experts recognize that Startups diversify and strengthen the economy in the Western Hemisphere. The Startup Challenge seeks to develop innovative solutions proposed by young entrepreneurs that, through economic models at product and service level, have a positive impact on the implementation of the Sustainable Development Goals.
The Startup Challenge promotes and encourages the consolidation of fast-growing enterprises in the financial, commercial, agricultural, health, manufacture, education and energy sectors among others. Startup Challenge recognizes the importance of developing innovative enterprises that can later be scaled up and replicated. For this reason, the Startup Challenge will emphasize the commercialization of intellectual entrepreneurial assets and the protection of intellectual property rights.
The category stimulates and recognizes young entrepreneurs that in an innovative, scalable and sustainable way develop disruptive business models that accesses new markets and generates new technologies, promoting economic empowerment, reducing inequalities and directly supporting the implementation of the Sustainable Development Goals.
The projects developed must promote the generation of more and better jobs, an empowered entrepreneurial ecosystem, a better standard of living and the reduction of social and economic inequalities.
3. Caribbean Innovation Competition
The Caribbean Innovation Competition (CIC) is an international entrepreneur competition and business start-up accelerator for young people in the CARICOM Member and Associate States. The CIC differentiates itself from other existing business competitions by incorporating “before and after“ stages, focusing on training and mentoring as preparation for the competition, and providing follow up services that include access to finance, networking activities, visibility and promotion opportunities.