ICBL helps Central Bank of Barbados with Young Barbadian Entrepreneurs

Khalil Bryan of Caribbean Transit Solutions Inc. (CTS) emerged victorious at the Billion Dollar Dreams forum. Bryant’s pitch was judged the best by a panel of professionals comprising Dr. Nicholas Brathwaite, founding partner of an international private equity firm and speaker at the 40th Sir Winston Scott Memorial Lecture; Mr. John Williams, CEO of Cave Shepherd; Ms. Sara Odle, Public Relations Account Manager at Virgo Communications; Mr. Ian Knight, Business Consultant and tutor; and Mrs. Pamela Coke-Hamilton, Executive Director of the Caribbean Export Development Agency.

Bryant emerged victorious over three other finalists: Delvin Howell (Beyond Publishing Caribbean), Ryan Brathwaite (GB Geo Engineering Inc.), and Gabriel Abed (BITT Inc.). As winner, Bryan received $10,000 compliments the Central Bank of Barbados, plus a scholarship for a Diploma in Management from BIMAP, (valued at $6,100). Second place went to Gabriel Abed, who received $5,000 compliments First Citizens Bank as well as a partial scholarship for $2,500 from the Cave Hill School of Business, while Ryan Brathwaite who finished third, received $,5000 cash, compliments Central Bank of Barbados. Fourth place went to Delvin Howell, who received $2,000 (compliments ICBL).

Following his win, Bryan praised the competition as "an absolutely fantastic initiative by the Central Bank", stating that it "required putting your business strategy down in five pages and it's a really great way truly understand your business."

Following his win, Bryan praised the competition as “an absolutely fantastic initiative by the Central Bank“, stating that it “required putting your business strategy down in five pages and it’s a really great way truly understand your business.”

Billion Dollar Dreams was presented in celebration of the 40th anniversary of the Sir Winston Scott Memorial Lecture as a forum that would expose budding entrepreneurs to Dr. Brathwaite as well as local experts. Entrants were scored using five criteria in the preliminary round: business potential, value proposition, opportunities for growth, financial performance and innovation. In the finals they were judged on four criteria:

  • Innovation – originality/novelty, sustainability, competitiveness

  • Marketability – market opportunity, attractiveness, relevance/futuristic value

  • Ease of Implementation – practicability, reasonableness of costs

  • Exportability

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