Caribbean Innovation Competition 2016 now open for young entrepreneurs, including Barbados

The Young Americas Business Trust (YABT), the Inter-American Development Bank (IDB) and The University of the West Indies launched the Caribbean Innovation Competition 2015-2016, a regional support programme and startup accelerator for CARICOM nationals seeking to take their Entrepreneurial Initiatives to the Market.

The CIC is open to aspiring business owners as part of the Caribbean Regional Entrepreneurial Asset Commercialization Hub (REACH) Programme. The competition will award projects in two Categories: Creative Industries and Technology Management. The CIC was announced via a Media Launch at the OAS Barbados Office, followed by a youth dialogue at the Small Business Association with entrepreneurs the same day.

"The Caribbean Development Bank estimates unemployment rate in the region to be above the average world's unemployment rate, at the same time, our generations have better-than-ever access to, and knowledge of ICTs; efforts to generate economic occupational opportunities based on creative industries and technologies, have never been more important than right now" said Valerie Lorena, Executive Director of YABT, organizers of the CIC, she continues "this programme provides an integral platform for innovative, creative and energetic people to take their Intellectual Entrepreneurial Assets to the market and benefit their communities."

The Caribbean Development Bank estimates unemployment rate in the region to be above the average world’s unemployment rate, at the same time, our generations have better-than-ever access to, and knowledge of ICTs; efforts to generate economic occupational opportunities based on creative industries and technologies, have never been more important than right now” said Valerie Lorena, Executive Director of YABT, organizers of the CIC, she continues “this programme provides an integral platform for innovative, creative and energetic people to take their Intellectual Entrepreneurial Assets to the market and benefit their communities.

Participants can start registration with a concept idea and prospectus of a name for the company or project. To advance in the competition, registered teams can take advantage of YABT’s online training sessions starting September 24, 2015.

These interactive trainings with experts from around the world will be in English, free to participants and will help them complete the components that will be evaluated by an international panel of judges. Deliverables include business plan, graphic presentation and internet presence. The deadline to submit all components is January, 2016. (READ THE FULL STORY BY CLICKING HERE)

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