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IDB Lab is the innovation laboratory of the Inter-American Development Bank (IDB), the leading source of development finance and expertise focused on improving lives in Latin America and the Caribbean (LAC). The purpose of IDB Lab is to drive innovation for inclusion in the region, mobilizing financing, knowledge, and connections to test private sector solutions in early stages, with potential to transform the lives of vulnerable populations affected by economic, social, and environmental conditions. IDB Lab is the exploration and venture capital arm of the IDB Group. Its role has been instrumental in developing the LAC VC industry, being one of the most active players since 1996 with an investment track record of more than 90 funds. The active portfolio, with more than 50 funds, is aimed at generating development impact by reducing financing gaps in countries, sectors and early-stage business models with unmet capital needs.