Regional Initiative on Resilient Cities with Private Sector Participation

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Involve the private sector, with its technology and capacity for innovation and scale to generate a virtuous circle of economic value creation, mitigating damage or reducing vulnerability. The initiative will promote innovation for resilience through launching challenges for innovative business ideas to solve the major challenges of the selected cities.To ensure that those business ideas became a reality, the initiative will also explore funding mechanism and sources.This proposal suggests an intervention approach that sees in crises and chronic stress experienced by cities, a unique opportunity to innovate from the different sectors from the society and facilitate a transformation towards safe, sustainable, resilient and inclusive cities (SDG 11).