Public Disclosure Copy The World Bank Implementation Status & Results Report Mobile Innovation Project under EPIC (P132570) Mobile Innovation Project under EPIC (P132570) LATIN AMERICA AND CARIBBEAN | Caribbean | Trade & Competitiveness Global Practice | Recipient Executed Activities | Technical Assistance Loan | FY 2015 | Seq No: 1 | ARCHIVED on 12-Jul-2017 | ISR25651 | Implementing Agencies: Key Dates Key Project Dates Bank Approval Date:10-Jul-2014 Effectiveness Date:17-Jul-2014 Original Closing Date:30-Nov-2017 Revised Closing Date:30-Nov-2017 Project Development Objectives Project Development Objective (from Project Appraisal Document) The Caribbean Mobile Innovation Project (CMIP) aims (1) to strengthen the Caribbean mobile innovation ecosystem and (2) to enable sustainable and competitive mobile enterprises to grow. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  --  Moderately Unsatisfactory Overall Implementation Progress (IP)  --  Moderately Unsatisfactory Implementation Status and Key Decisions After some initial delays, the project was able to pick-up the pace of the implementation. After appointing a full implementation team, and four mHubs in the region (Barbados, Dominica, St. Kitts and Nevis, and Trinidad and Tobago), the project has completed several training events, PitchIT Caribbean challenge and related activities with three cohorts of Caribbean mobile entrepreneurs. Initial feedback from the entrepreneurs has been positive and as a next step their satisfaction will be measured, so that the recipient is able to adjust the service models that helps to integrate CMIP services within a broader university strategy. 7/12/2017 Page 1 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Mobile Innovation Project under EPIC (P132570) Risks Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating Overall  --  --  Substantial Results Project Development Objective Indicators PHINDPDOTBL IT/ITES Revenue (US$) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 55,483.00 2,509,099.00 Date 17-Jul-2014 -- 30-Jun-2017 30-Nov-2017 PHINDPDOTBL IT/ITES Employment (number of people) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 80.00 416.00 Date 17-Jul-2014 -- 30-Jun-2017 30-Nov-2017 PHINDPDOTBL Investment Raised (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 233,333.00 1,626,917.00 Date 17-Jul-2014 -- 30-Jun-2017 30-Nov-2017 7/12/2017 Page 2 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Mobile Innovation Project under EPIC (P132570) PHINDPDOTBL Sustainable startups created (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 24.00 Date 17-Jul-2014 -- 30-Jun-2017 30-Nov-2017 Overall Comments The project is currently collecting results data for the past quarter, which will be updated in the next ISR Intermediate Results Indicators PHINDIRITBL Startup teams receiving services (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 266.00 100.00 Date 17-Jul-2014 -- 30-Jun-2017 30-Nov-2017 PHINDIRITBL Level of satisfaction by startups of CMIP services (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 75.00 Date 17-Jul-2014 -- 30-Jun-2017 30-Nov-2017 Comments % rate good or very good 7/12/2017 Page 3 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Mobile Innovation Project under EPIC (P132570) PHINDIRITBL Applications received through mobile competitions (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 513.00 400.00 Date 17-Jul-2014 -- 30-Jun-2017 30-Nov-2017 Comments # of applications PHINDIRITBL CMIP Reaching financial sustainability targets (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.05 49.00 Date 17-Jul-2014 -- 30-Jun-2017 30-Nov-2017 Comments Generated revenue / expenses PHINDIRITBL mHubs established by CMIP (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 4.00 6.00 Date 17-Jul-2014 -- 30-Jun-2017 30-Nov-2017 Overall Comments Satisfaction survey has been circulated to the beneficiaries. Data on Financial Performance Disbursements (by loan) 7/12/2017 Page 4 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Mobile Innovation Project under EPIC (P132570) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P132570 TF-17431 Effective USD 1.50 1.50 0.00 1.16 0.34 77% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P132570 TF-17431 Effective 17-Jul-2014 17-Jul-2014 17-Jul-2014 30-Nov-2017 30-Nov-2017 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 7/12/2017 Page 5 of 5 Public Disclosure Copy