ENTREPRENEURSHIP TO DRIVE THE EXPANSION OF THE BARBADIAN ECONOMY
SMALL BUSINESSES employ over 90% of the workforce internationally and the same holds true for Barbados. Indeed, many financial leaders believe that start up companies will play a significant role in turning the current global economic crisis around. To this end, the Barbados Entrepreneurship Foundation (BEF), in pursuit of its goal to make Barbados the #1 Hub for Entrepreneurship by 2020, spent 2013 continuing the work of entrepreneurship facilitation.
In addition, to successfully staging the third annual $20 Challenge in Secondary Schools, which saw 500 students participate, time was spent listening to entrepreneurs and stakeholders to fine tune its programmes. Consultants were engaged, and out of those discussions and findings the BEF is confident about moving forward with the soon to be launched Trident Angels Investment Network. Preliminary meetings with potential angels and enthusiastic entrepreneurs were heartening, informative and will guide the next steps of process formulation.
Several members of the BEF’s board are new, having been elected over the last few months. Board Chairman Peter Boos, couldn’t be more pleased with the team, “these new members of the Board are all eager, industry leaders in their own right who have re-invigorated those of us who were here before. We have all recommitted to work together to help every Barbadian with a dream of their own business and the capacity to work to achieve it.”