CARBBEAN- IDB lab forum to focus on financing innovation and entrepreneurship

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WASHINGTON, CMC—The Inter-American Development Bank (IDB) says that the third edition of the IDB Lab Forum will focus on financing innovation and developing entrepreneurial ecosystems to generate greater impact in Latin America and the Caribbean.

The forum, organized by IDB Lab, the bank’s innovation and venture capital lab, will be held in Argentina from October 31 to November 1.

The IDB has described the forum as a flagship event dedicated to business innovation, venture capital, and technology for development. It said that this edition will focus on financing innovation and developing entrepreneurial ecosystems to generate greater impact in Latin America and the Caribbean and on promoting the use of artificial intelligence as a tool to close gaps.

The high-level international meeting will bring together entrepreneurs, investors, corporations, accelerators, policymakers, and other players in the innovation ecosystem to take advantage of business opportunities, discover trends, identify talent, and launch new initiatives to improve the quality of life of citizens in the region through innovation and technology.

“In this edition, the first to be held in the Southern Cone, we will once again witness the dynamism of those who are committed to innovation and new technologies, and we will learn about the most cutting-edge trends and the potential of emerging sectors,” said the chief executive officer of IDB Lab, Irene Arias Hofman.

“We will also delve into the obstacles that hinder entrepreneurship from continuing to move forward and create an inclusive impact that translates into sustainable development.

During the two-day event, prominent experts will discuss investing in entrepreneurship and technological innovation to achieve greater economic growth and human development.

“IDB Lab Forum has been, from its inception, a unique space to take the pulse of the entrepreneurial ecosystem in our region,” said Hofman.

The IDB Lab Forum 2024 agenda will address use cases of technologies such as Web 3.0 and responsible artificial intelligence to foster inclusion, climate action, and productivity. Venture capital, tokenization, the potential of biotechnology, and the integration of cutting-edge technologies in our region’s climate agenda, as well as business opportunities in global innovation ecosystems, will also feature high on the talks.

The Milken Institute will organize an exclusive session for fintechs to discuss how they are redefining the design of financial services and how their integration into the system is key to creating a more inclusive, sustainable, and innovative ecosystem in Latin America and the Caribbean.

The organizers said the IDB Lab Forum 2024 would offer participants lectures by renowned experts, panels with leaders of innovative industries, workshops to apply knowledge, one-on-one contact networking spaces, and roundtables on topics of interest for entrepreneurial innovation in our region and the world.

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