225 CARIBBEAN TECH­NOL­OGY EN­TREPRENEURS SE­LECTED FOR CDB-FUNDED PRO­GRAMME

The Star (St. Lucia) - Business Week - - BUSINESS SUPPORT SERVICES - PRESS RE­LEASE All up­dates will be fea­tured on www.ctep.tech

Bridgetown, Bar­ba­dos— Two hun­dred and twen­ty­five as­pir­ing tech­nol­ogy en­trepreneurs have been cho­sen for an in­cu­ba­tor pro­gramme de­signed to equip them with the skills to take their busi­nesses to the next level.

Fol­low­ing a re­cent call for ap­pli­ca­tions, over 200 re­gional en­trepreneurs ap­plied to be part of the Caribbean Tech En­trepreneur­ship Pro­gramme (CTEP) funded by the Caribbean Devel­op­ment Bank.

CTEP is a vir­tual in­cu­ba­tor and ac­cel­er­a­tor pro­gramme fo­cused on stim­u­lat­ing the cre­ation and sup­port­ing the growth of tech­nol­ogy en­trepreneur­ship in CDB’s 19 Bor­row­ing Mem­ber Coun­tries. The pro­gramme will pro­vide re­gion­ally rel­e­vant ca­pac­ity-build­ing work­shops and crit­i­cal men­tor­ship sup­port.

The first co­hort is ex­pected to com­mence in Jan­uary 2019 and the se­lected en­trepreneurs will com­pete for cash and busi­ness sup­port prizes. Fifty teams’ busi­nesses are in the ideation stage, 30 in the val­i­da­tion stage and 10 in the scale-up phase. These teams will cover crit­i­cal ca­pac­ity ar­eas over a 10-week vir­tual course un­der the tute­lage of qual­i­fied men­tors and fa­cil­i­ta­tors.

“Sup­port­ing sus­tain­able growth is one of CDB’s strate­gic ob­jec­tives.

This tech­nol­ogy-fo­cused in­cu­ba­tor pro­gramme cre­ates a plat­form for scores of en­trepreneurs to de­velop the skills they need to ad­vance their busi­nesses, and to de­velop a range of in­no­va­tive so­lu­tions for the mar­ket. They, in turn, can be bet­ter po­si­tioned to cre­ate fur­ther em­ploy­ment op­por­tu­ni­ties for oth­ers as they ex­pand their com­pa­nies, and in­deed con­trib­ute to the dig­i­tal trans­for­ma­tion of the re­gion,” said Lisa Hard­ing, Co­or­di­na­tor of Mi­cro, Small and Medium En­ter­prise Devel­op­ment at CDB.

CTEP is be­ing ex­e­cuted and man­aged by Or­bit In­no­va­tion, us­ing an ap­proach com­pris­ing:

• in­ten­sive ap­plied learn­ing ac­tiv­i­ties de­signed to de­velop man­age­ment skills and en­tre­pre­neur­ial ca­pac­i­ties;

• ap­pro­pri­ate the­o­ret­i­cal con­texts that im­merse en­trepreneurs into in­ter­ac­tive busi­ness in­no­va­tion sce­nar­ios, mod­ules and dis­cus­sions;

• rel­e­vant and en­trepreneur spe­cific prac­ti­tioner and men­tor­ship sup­port; and

• web-based busi­ness tool­kits and crit­i­cal skills learn­ing mod­ules.

“Through a se­ries of Busi­ness In­cu­ba­tion and Ac­cel­er­a­tion ac­tiv­i­ties, Caribbean En­trepreneurs will con­nect with Men­tors and Fa­cil­i­ta­tors who are driven to help trans­form their Star­tups.” – CTEP

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