Tech News

Meta and the Inter-American Development Bank launch a plan to support the new technologies of the metaverse

Metaverse Communities Challenge. (Meta/IDB)

Goal and the IDB Laboratory (innovation laboratory of the Inter-American Development Bank), are collaborating to support communities that currently use or want to use advanced and immersive capabilities of the metaverse with its network of members. Direct support will be provided to elect community leaders to continue to develop and grow their communities in the metaverse and further their mission.


That is why both organizations launch Metaverse Communities Challenge to identify and support innovative ideas and opportunities related to augmented reality, virtual reality Y mixed reality in Latin America and the Caribbean.

Who can apply to this initiative


The Challenge is open to the following Latin American and Caribbean countries: ArgentinaBahamas, Barbados, Belize, bolivia, Brazil, Chili, ColombiaCosta Rica, Dominican Republic, EcuadorEl Salvador, Guatemala, Guyana, Haiti, Honduras, Jamaica, MexicoPanama, Paraguay, PeruSuriname, Trinidad and Tobago and Uruguay.

If the primary entity representing your community is legally registered and/or operating in one of the 24 countries listed above, you can apply for the Challenge. These are the requirements:


– Level 1: Challenge Participants

Leaders who are building or managing a community that:

1. It’s built in the metaverse; either

2. Uses or leverages elements of the metaverse: augmented reality (AR), virtual reality (VR), or mixed reality (MR) tools, content, and features; either

3. Has a demonstrated interest in the metaverse, that is, communities that participate in discussions and seek to learn more about metaverse experiences, technologies and its applications.

– Level 2: Challenge dealers

Leaders who are managing an established community that is taking advantage of the increased and immersive capacity of the metaverse (i.e. criteria 1 and 2 above) to generate a positive social or economic impact for the populations of Latin America and the Caribbean.

Metaverse. (photo: Diffusion)
Metaverse. (photo: Diffusion)

This is how it can be applied to this project and what are the two phases

Participants must first register using the registration form available in English, Spanish and Portuguese by clicking on this link. Then the application is divided into 2 parts:

1. The application will be available on the first day of the challenge

Applications will be reviewed on an ongoing basis to determine if eligibility completeness criteria have been met.

If these criteria have been met, applicants will receive Tier 1 awards and will be invited to complete Part 2 of the Application. part 1 of the application must be submitted no later than 25 of November 2022 at 11:59 PM m. (Peru, Colombia and Mexico City time)

2. Participant passed phase and all criteria were met

Applicants who have successfully completed Part 1 of the application and have met all eligibility and completeness criteria will receive a notification inviting them to complete part 2 of the application through the online platform.

The information contained in Part 2 of the application will be used to determine the selection of the 10 Challenge dealers based on the judging criteria. Part 2 of the application must be submitted no later than December 9 of 2022 at 11:59 PM m. (Peru, Colombia and Mexico City time)

Metaverse. (photo: Tolgart)
Metaverse. (photo: Tolgart)

What prizes will be in the Metaverse Communities Challenge

To support select communities as they build their presence in the metaverse, Meta will offer the following set of prizes:

Level 1: Challenge Participants

– Access to a set of online training courses related to the metaverse.

– A certificate of participation for those who attend at least 80% of the training sessions.

Level 2: 10 challenge dealers

– Set of online training courses at level 1.

– USD$10,000 grant.

– Business coaching.

– 1 week residency in Meta in São Paulo, Brazil.

– Exhibition space at a metaverse event in São Paulo, in March 2023.

Back to top button