Up to 100 participants will each receive a $2,800 stipend to cover travel to the U.S. to participate in a boot camp.
/ A.M. Costa Rica wire services
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-Published: Wednesday, January 8, 2020


Opportunity to export to the U.S is open for Costa Rican entrepreneurs


By the A.M. Costa Rica staff and wire services

Funded and initiated by the U.S. Department of State, the La Idea Incubator Project is a initiative focused on strengthening entrepreneurship and job creation across the Western Hemisphere. The name means The Idea Incubator Project in English.

La Idea Project especially encourages trade and commerce between Central America and the U. S. The project is a collaboration between the International Business Innovation Association and the Regional Center for the Promotion of Medium and Small Enterprises.

The La Idea Incubator Project provides a framework that allows entrepreneurs in Costa Rica to directly connect with U.S.-based Business Innovation designees. “These designees provide advanced incubation services to guide entrepreneurs' businesses towards revenue generation, investment successes and capital-efficient operations.” said the organizers in its statement.

International Business Innovation Association designees have been validated through a rigorous application and peer-review processes to ultimately serve foreign companies interested in expanding out their domestic markets, said the program. The sites selected for La Idea should be ideal matches for these entrepreneur project applicants who are interested in expanding their businesses to the U.S., it added.

According to La Idea Project organizers, Costa Rican entrepreneur developing innovative solutions in one of the upcoming areas can apply for selection.

“La Idea recipients will have the unprecedented opportunity to connect with peer innovators, create lasting relationships with entrepreneurship centers in the U.S., learn to navigate the complexities of international trade, and explore best practices in sales and operations. Upon selection for La Idea, you will be sent an invitation letter to support your visa application, should you not have one at the time you submit your application.” said the organizers in its statement.

La Idea Project staff have the right to select alternate applicants for the project in case of a visa rejection or other problems, they said.

La Idea is currently seeking entrepreneurs who own or operate small businesses to apply in the following areas:

- Creative services. Includes small businesses that either provide business to business solution services or business to consumer services in creative fields such as art, graphic design, writing, fin-tech, advertising/PR, digital media, IT etc.

- Advanced manufacturing. Includes Central American small businesses that commercialize innovative technologies to improve manufacturing processes and/or systems or small business that utilize advanced manufacturing techniques in the processing, fabricating, assembly, or disassembly of items for commercial or consumer use.

- Tourism and culture. Includes small businesses involved in the sale of goods and services focused on a local/regional tourism market with export potential or goods and services that emphasize the local culture.

- Farming and agricultural technology. Includes small businesses that develop innovative technologies and products that improve the production capabilities or quality of products in the farming, agricultural and food production industries.

Applicants for all areas must submit complete applications by Jan. 31.

According to La Idea organizers, up to 100 participants (a maximum of 10n per industry area) will each receive a $2,800 stipend to cover travel to the U.S. to participate in a boot camp as part of the La Idea Incubator Project.

More information on this contest for entrepreneurs can be reached at La Idea Incubator site.



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