The Technology Innovation Challenge (TIC) seeks to find new ways to address development challenges across ADB’s developing member countries (DMCs) through partnerships with technology providers.
It invites technology providers to propose a pilot / proof-of-concept on high-level technology and innovative solutions for the announced development challenges.
Selected proposals will receive a maximum of $500,000 grant each, which technology providers can co-finance.
The selected technology providers will be expected to:
- Co-invest in testing and independent verification of results
- Commit to commercial model for future scale up and implementation
- Maintain reference site and/or data for DMCs and future ADB projects
Who can apply and how?
The applicant must be the original owner of the solution or an authorized licensee, incorporated or registered in ADB member countries or territories. For more details about eligibility, please check the rules to be published on the application submission platform for each TIC.
Each TIC has its own application and selection procedure and rules as appropriate, but in general, we value:
- Impact. Effectiveness of technology solution in addressing a defined sector development challenge.
- Novelty / Innovativeness. Proposes a new technology for a certain DMC or technology context.
- Scalability. Scalability potential in the country and region.
- Value for Money. Likelihood of creating relevant and meaningful impact in relation to the level of the grant (provided by ADB).
- Local Partnerships. Includes local partnerships in the DMC of choice for implementation. Stronger proposals will also demonstrate government buy-in or support in the locations they would like to conduct the pilot(s).
- Risk Mitigation. Project risks such as environmental and social risks identified and mitigation measures proposed.
Technology providers are invited to send in their Expressions of Interests (EOI) and pitch their solutions and pilot projects to our ongoing challenges listed below.
After the submission of EOI, short-listed applicants are invited to submit the detailed proposal. The detailed proposals will go through the competitive evaluation process, which may include interviews with the proposers to identify the finalists. The finalists will be grant-awarded if all the contracts are agreed and signed by the relevant parties and non-objection letter requested by ADB to relevant DMCs received.
Need more information? Read about our past challenges or download the relevant documents to know more.