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Context
The Silver Economy has been defined by the IDB as that part of the global economy linked to demographic change associated with the aging of the population, focused on the needs and demands of people over 60.
Currently, Latin America and the Caribbean (LAC) is the fastest-aging region in the world. It is estimated that by 2050, more than one in four people (27.5%) will be 60 years of age or older.
The transition from 10% to 20% will take only 28 years, compared to 30 years in Asia and more than 60 years in Europe and North America.
Today's older adults are more likely to continue working, studying, consuming, and enjoying better physical fitness than in past decades. This is why they require a variety of services, ranging from dependency prevention, promotion of physical and mental activity, to long-term care services.
Are you a startup, scaleup, or formally established social enterprise looking for funding?
Does your business model improve the quality of life of people over 60 through care services?
Learn about the second call for proposals from the Silver Region and have the opportunity to receive up to US$100,000 in funding to scale your impact.
Program objectives
Our goal is to strengthen services for preventing dependency, improve long-term care, and empower and train caregivers. This goal will be achieved through three interventions:
1. Objective
Generation of knowledge about the current state of the ecosystem.
2. Objective
Building business capabilities.
3. Objective
Financing for companies with the greatest potential for impact
Application topics
Applicant companies must work in any of the following thematic areas:
Innovative services for senior care (over 60 years old), improving the quality and increasing the quantity of supply to meet the exponential increase in demand in the region.
Training caregivers who represent the backbone of quality in the sector.
Prevention of functional dependency (physical and cognitive) and promotion of autonomy in older adults (over 60 years of age) to extend a healthy lifespan, understanding autonomy as the ability to make decisions, even with support if necessary, in accordance with one's own conscience, values, will, and preferences.