IDB Lab (previously known as MIF) is the innovation laboratory of the IDB Group. It aims to promote development through the private sector by identifying, supporting, testing and piloting new solutions to development challenges, seeking to create opportunities for the poor and vulnerable populations in the LAC region. IDB Lab engages and inspires the private sector working with the public sector when needed. Created in 1993 by 21 donor countries, it is the largest provider of technical assistance for private sector development projects.
The 5-year Youth Entrepreneurship Program, funded by IDB Lab and delivered by our members, aims to increase the number of poor and low-income youth in 10 Latin American and Caribbean countries successfully starting sustainable businesses and creating new jobs. By the end of 2017, the programme had supported 11,930 young people to start or strengthen their businesses.
"When I first started out I did not understand the word “entrepreneur.” I was afraid I would not be able to do it, especially as I did not feel ready or confident enough to start a business on my own."View story
"Manufacturing every day is really good, it’s tiring, but when you are making your product every day it means there is a demand and business is good."View story
“I wanted to own something for myself, to be a self-employer. Fundación Paraguaya helped me to achieve that goal when I was feeling overworked doing what I loved.”View story
"I’ve always been passionate about taking care of others. When it occurred to me that I could start a business doing this I went all in – and learnt a lot along the way!"View story
This report summarises the key findings of a two-year longitudinal study, undertaken in partnership with Middlesex University.View
“IDB Lab turned to YBI to co-design our regional Youth Entrepreneurship Program that is significantly increasing the number of young people who improve their lives by starting or growing their own businesses across eleven countries in Latin America and the Caribbean. To date YBI and IDB Lab together have supported more than 41,000 young people to start or grow their own business. We appreciate YBI’s commitment to promoting innovation and learning across their network.”