ECCB An­nounces Launch of 2014 Business In­no­va­tion Contest for ECCU Sec­ondary School and Com­mu­nity Col­lege Stu­dents

The Star (St. Lucia) - - LOCAL -

As part of the ac­tiv­i­ties for Fi­nan­cial In­for­ma­tion Month 2014, the East­ern Caribbean Cen­tral Bank (ECCB) will host its an­nual East­ern Caribbean Cur­rency Union (ECCU) Business In­no­va­tion Contest for Sec­ondary School and Com­mu­nity Col­lege Stu­dents.

The stu­dents are re­quired to con­ceive an in­no­va­tive business idea geared to­wards a spe­cific business, so­cial or eco­nomic need and/or prob­lem which they have ob­served in their re­spec­tive coun­tries. The business idea should be ar­tic­u­lated in a sup­port­ing business plan which a panel of judges will as­sess mainly on in­no­va­tive­ness, vi­a­bil­ity and po­ten­tial im­pact. The stu­dents will also be re­quired to make an oral pre­sen­ta­tion where they will present their business ideas to a panel of judges.

The theme for Fi­nan­cial In­for­ma­tion Month (FIM) 2014, “Soar to Suc­ceed” em­pha­sises that one has to rise above the or­di­nary to achieve suc­cess by go­ing beyond or­di­nary com­mit­ment, vi­sion, skills, ef­forts, and ac­tions. The contest har­nesses the essence of this theme by chal­leng­ing the young peo­ple of the ECCU to embrace in­no­va­tive think­ing which could in­spire the spirit of en­trepreneur­ship and as­sist in the de­vel­op­ment of their com­mu­ni­ties.

The contest is open to stu­dents from the eight coun­tries of the ECCU. The first place re­gional win­ner will re­ceive a prize pack­age val­ued at $3,000; the sec­ond and third place win­ners will re­ceive a cash award of $2,000 and $1,000 re­spec­tively.

The school with the most en­tries will be awarded a cash prize of $1,000 and the stu­dents with the top en­try from each coun­try which does not place among the re­gional win­ners will re­ceive a mer­i­to­ri­ous award of $500. The dead­line for the sub­mis­sion of en­tries for the ECCU Business In­no­va­tion Contest for Sec­ondary School and Com­mu­nity Col­lege Stu­dents is 30 Jan­uary 2015.

Newspapers in English

Newspapers from Saint Lucia

© PressReader. All rights reserved.