• Latest
Climate change and resilience to be factored into Country Poverty Assessment

Caribbean Development Bank continues to support regional entrepreneurs

1 year ago
Fewer than 400 marriages registered in 2020

Fewer than 400 marriages registered in 2020

9 hours ago
Randy Isaac arrested and charged for domestic violence

Randy Isaac arrested and charged for domestic violence

9 hours ago
Response to PM’s National Address

Statement of solidarity with teachers and public workers

18 hours ago
Claims of coronavirus at SGU designed to create fear and panic

Covid-19 update: Grenada Dashboard 23 January

2 days ago
Grand Etang route disruption

Grand Etang route disruption

2 days ago
Early Intervention is the best hope for reducing child abuse

A crisis of sexual assault and rape among people in Grenada

3 days ago
GHTA Expresses Concern Over the 2017 Budget

Grenada Hotel and Tourism Association elects its new board

3 days ago
Grand Bacolet to Munich Road nearing Completion

Temporary closure: Cherry Hill Road, Carriacou

3 days ago
MPower 2.0 continues despite Covid-19 setback

Grenadian student benefits from Republic Bank Scholarship programme

3 days ago
Vacancy: Plant Engineer

Vacancy: Marketing Manager

3 days ago
Vacancy: Plant Engineer

Vacancy: Plant Engineer

4 days ago
Drug bust in Soubise and Belvedere

Drug bust in Soubise and Belvedere

4 days ago
NOW Grenada

Main Header Ad 468x60

booked.net
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us
No Result
View All Result
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us
No Result
View All Result
NOW Grenada
No Result
View All Result

Article Header

Caribbean Development Bank continues to support regional entrepreneurs

This story was posted 1 year ago
6 December 2019
in Business, PRESS RELEASE
5 min. read
Share

During Global Entrepreneurship Week, the Caribbean Development Bank congratulated 22 start-ups who reached the final stage of the Caribbean Tech Entrepreneurship Programme (CTEP).

The bank continues to push for Caribbean economic transformation through digital innovation and supports CTEP in its virtual incubator and accelerator programme.

CTEP, aimed at stimulating technology entrepreneurship in the Caribbean and facilitated by Orbit Innovation, connects start-ups and entrepreneurs in CDB’s 19 Borrowing Member Countries with regional facilitators and mentors who are experts in their respective fields.

After a selection process during summer, 90 start-ups were handpicked for the September – December 2019 programme. They then undertook a rigorous training programme of learning modules, workshops and mentor sessions to prepare them for each stage of their business and the semi-finals of the programme. To ensure fair competition, businesses were placed into three distinct groups: Ideation, Validation and Scale-Up consisting of 50, 30 and 10 participants respectively.

A key proponent of the programme is virtual working, with a requirement to upload their submissions: pitch decks, demo videos and presentations, online. These submissions were evaluated by a remote panel of regional and international judges from technical, business development and investor backgrounds. Their scores were combined with their CTEP participation, attendance and grades.

Twenty-two of the 90 start-ups selected will compete in the Regional Finals to win prizes. The overall winners in their respective categories will receive CTEP seals of recognition and prizes at an awards ceremony in Barbados in December 2019. All teams may continue to participate in workshops and meetups to obtain maximum benefit from the programme.

Previous winners in their categories from the first programme in CTEP 2019 Cohort 1 have gone on to achieve further success:

  • Corey Zufelt, I am Local (Grenada) has been nominated by The Grenada Chamber of Industry & Commerce for the 2019 Excellence in Tourism Industry Award
  • Shawn Melville, Ipsum Technologies (Trinidad and Tobago) was recently awarded The Entrepreneurship World Cup Global 100 Award for being among the top 100 start-ups while representing the Caribbean in Saudi Arabia
  • Michael Husbands, Global Tutoring Hub, (Barbados) was selected by Design Terminal to be on their three-month Mentor’s Programme in Budapest.

Lisa Harding, Coordinator of Micro, Small and Medium Enterprise Development at CDB said the programme was aligned with the bank’s wider support for digital transformation and innovation initiatives: “CDB is delighted with the response by Caribbean entrepreneurs in this second phase of the CTEP programme, which confirms the significant benefits which an online incubator can bring to entrepreneurs at all stages of the business cycle. One of the biggest struggles entrepreneurs face is finding the right small business community to develop strong networks. CTEP also offers this solution in a digital space.”

Christopher Harper, judge, said, “As usual, the standard of the businesses and ideas presented were high. What I noticed this year was that there were a higher number of businesses seeking to address more social issues, for example, those relating to nutrition and education while trying to ensure that the disparity between the classes is closed.”

Troy Weekes, Project Manager of CTEP remarked, “We are extremely pleased with the overwhelming number of applicants for the second phase of the programme. It is also encouraging to note that overall feedback from the first group was highly favourable and they indicated guidance from the facilitators and mentors was extremely valuable.” He continued, “As technology has made the world smaller, it is a pre-requisite that our regional entrepreneurs possess the required skills to compete on a global scale. With strides made by the first cohort, we know they have the business acumen to do so successfully.”

Breakdown of different business stages

Ideation Stage – Entrepreneurs that have a business idea, but do not have adequate business acumen and skills to transform the idea into a viable business.

Validation Stage – Start-ups that have invested in their business idea to the point that they have a prototype or minimally viable product, a business plan, a team with roles and responsibilities, and possibly some paying customers.

Scale-up Stage – Start-ups that are already in business and looking to expand. They have a proven product, a comprehensive business plan with clear organisational structures and well-defined processes, and consistent sales and revenue streams.

TRACK DD-TEAM_NAME COUNTRY
Ideation Agard Antigua and Barbuda
Ideation eTchotcho Haiti
Ideation GEION Group St Lucia
Ideation MoneyMate Antigua and Barbuda
Ideation Mwen Aprann (Grandi) Haiti
Ideation Raquelle Rollocks Trinidad and Tobago
Ideation Recycl’Art Haiti
Ideation Relaago Grenada
Ideation Study Space Trinidad and Tobago
Ideation UNDPP Group Haiti
Validation Alluhwi Comics Barbados
Validation Artsy Craft Grenada
Validation Cari Grenada
Validation Guyana Animation Network (GAN) Inc. Guyana
Validation IIIHeirs Barbados
Validation JMVI Realty Antigua and Barbuda
Validation livrezonpam Haiti
Validation Music for Medicine Jamaica
Validation Tambran by Tamara Grenada
Scale-up Gabatti Investments & Consultancy Limited Trinidad and Tobago
Scale-up Project Jaguar Inc. Trinidad and Tobago
Scale-up Sandys Bath and Organics Trinidad and Tobago

Caribbean Development Bank

NOW Grenada is not responsible for the opinions, statements or media content presented by contributors. In case of abuse, click here to report.

Tags: caribbean development bankcaribbean tech entrepreneurship programmectepglobal entrepreneurship week
Next Post

Shaneaka Gibbs: For the Love of Dance Part 2 

Comment on story Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Home Sidebar NP 300x250

© NOW Grenada. All Rights Reserved. Published by Aqua Design Inc. | Terms of Use | Privacy Policy

© NOW Grenada. All Rights Reserved
Published by Aqua Design Inc.
Terms of Use | Privacy Policy

No Result
View All Result
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings. Visit our Privacy Policy | Terms of Use.

NOW Grenada
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Visit our Privacy Policy | Terms of Use.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.