Biodiversity Prospecting
Support to the Use of Biodiversity by Small Enterprises Program
(INBio/IDB-MIF Program)
   

This Program is a joint effort of INBio and the Interamerican Development Bank (IDB) through a non-refundable technical cooperation of the Multilateral Investment Fund (MIF), which seeks to promote the development of small enterprises through the sustainable use of biodiversity.

With this Program INBio shares the knowledge generated about Costa Rican biodiversity and the know how developed through research with major pharmaceutical and biotechnology companies, both technical and negotiation wise.

OBJECTIVES OF THE INBio/IDB-MIF PROGRAM

The overall objective of the program is to promote the development of small enterprises through sustainable commercial development of biodiversity by the private sector. The specific objectives are to:

A.
create installed capacity at INBio, in the form of a business development office, to meet specific needs of small enterprises interested in developing new biodiversity-based products;
B.
develop commercially viable projects for small enterprises, based on sustainable use of Costa Rica's biodiversity up to the pre-commercial stage;
C.
transfer to small firms the technical know-how and guidelines needed for sustainable use of natural resources;
D.
accomplish a commercially successful and environmentally friendly system for ensuring sustainable use of the country's biodiversity

OFFICE OF BIODIVERSITY IN SUPPORT OF BUSINESS DEVELOPMENT (OBADE)

As part of the specific objectives of the Program the OBADE office was established. It works as the Executive Agency, and has logistics support from INBio, to finance research projects and the development of innovative products and services based on biodiversity. The Unit is conformed by a Director and a Systems and promotion specialist. Its main assignment is to promote the project and to provide technical and financial assistance to small enterprises for the development of innovative products based on biodiversity.

BENEFICIARIES AND PROGRAM REQUIREMENTS

The potential beneficiaries of the Program are, enterprises legally constituted in accordance with Costa Rican law, with less than 100 employees, less than US $3 million in annual sales and financially sound. The total cost for each pilot project is shared between the MIF, the firms and INBio in the following percentages: 50% (MIF), 30% (enterprises), and 20% (INBio). Furthermore, each project has with INBio's endorsement and technical assistance, which guarantees solid commercial potential and positive social and environmental effects for the new product or process developed.

SELECTION OF PILOT PROJECTS

To ensure that small entrepreneurs have an opportunity to become acquainted with the services offered by the Program, and to facilitate the selection of those pilot projects with the greatest likelihood of success, four technical seminars on various business topics related to uses of biodiversity took place. The seminars focused on the following specific economic sectors:

(i) ecotourism and craftsmanship;
(ii) agriculture and commodities
(iii) health and food industries
(iv) biotechnology and industrial sector in general

Based on the seminar results, potential beneficiaries were established. The firms then submitted proposals that met the selection criteria. The Program has a Consultative Committee that establishes selection criteria and approves the pilot projects, and dictates guidelines and monitors the execution of the Program.

This committee is made up of representatives from INBio, the country's financial sector, microenterprises and small businesses. Once OBADE identified the pilot projects with the greatest likelihood of success, the committee proceeded to select and approve the pilot projects that conform the current Program portfolio.


PILOT PROJECTS OF THE PROGRAM


Diversity among projects was established in terms of the type of enterprise and product, as well as in the estimated time required to recover costs and achieve profits to ensure the continuity of the Program.

Beneficiary firms:
Beneficiary firm:
Agrobiot S.A.


Project:
Propagation of representative tropical plants from Costa Rica's national flora, from the orchid, pineapple and palm families, in order to develop a kit to be commercialized as a souvenir eco-kit.
Beneficiary firm:
Bougainvillea S.A.


Project:
Development of a bio-pesticide derived from the wood of the "hombre grande" tree (Quassia amara).
Beneficiary firm:
Industrias El Caraito S.A.

Project:
Development of added value products from the carao fruit (Cassia grandis).

Beneficiary firm:
Follajes Ticos S.A.

Project:
Identification and evaluation of Costa Rican native palms with ornamental potential.

Beneficiary firm:
Compañía Agrícola La Gavilana Ltda.

Project:
Development of an environmentally friendly model for production of vanilla (Vanilla planifolia) in the Southern Region of Costa Rica.

Beneficiary firm:
Laboratorios Lisan S.A.

Project:
Development of standardized phytopharmaceuticals from six plants (LISANATURA)
 

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