“Look Beyond the Money,” Min Samuda, Glasgow Urge J’can Entrepreneurs

Jamaican entrepreneurs have been encouraged to “look beyond the money” and embrace training, business incubation and mentorship opportunities in order to gain valuable skills in planning and managing their businesses.

This was the consensus of panellists at the Entrepreneurial Ecosystem Development Workshop, held at the Spanish Court Hotel on last Wednesday (June 22, 2016). The workshop, staged by World Bank Group’s InfoDev to strengthen emerging entrepreneurship ecosystems across the world, brought together over 75 entrepreneurs and business stakeholders to develop an actionable 12-month growth plan for the sector.

Minister of Industry, Commerce, Agriculture and Fisheries, the Hon. Karl Samuda, in his opening remarks, pointed out that

“ninety-five per cent of the workforce is engaged in small business” and that “eighty per cent of the micro and small businesses that fail, fail because they have not received adequate training”.

Karl Samuda

Jamaica’s Commerce Minister, Hon. Karl Samuda, speaking at the Accelerate Caribbean Entrepreneurship Ecosystem Workshop in Kingston on June 22, 2016

The minister spoke about the need to introduce what he terms “the Canadian model” in Jamaica where entrepreneurs would receive more structured support services such as incubation and mentoring.

“Imagine youngsters having access to our most qualified and successful entrepreneurs to learn all that they can from the practical experience and hands-on exposure. That is worth more than cash,” said the minister.

Investable Businesses

Business mentor and angel investor Sandra Glasgow echoed the minister’s sentiments in her presentation, noting that access to funding was not the most important issue facing entrepreneurs as many believe. She said,

“Access to finance is not just about the lending institutions making it easier to borrow. We need to see how we can educate entrepreneurs so they think about access to finance more broadly – things such as crowdfunding, grants, the stock exchange, venture capital, private equity, and seed funding through angel investments.”

“More importantly,” Glasgow continued, “is the need for “grooming/training entrepreneurs to help them make their businesses more investable.” Investable refers to start-ups or businesses that are investor-ready in terms of having completed market testing, built a prototype of the product where possible, and completed all financial projections.

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L-R: Mr Walter Bernick,  Counsellor and Head of Development Cooperation in the uigh Commission of Canada in Kingston, Ms Karlene Collette Francis, EPIC Programme Officer at the World Bank (InfoDev), Ms Galina Sotirova, World Bank Country Manager, Member of Parliament Julian Robinson, Commerce Minister Hon, Karl Samuda and Mrs Valerie Fox, Chief Innovation Consultant of the Pivotal Point. The group was in discussions following the Accelerate Caribbean Entrepreneurial Ecosystem Workshop at the Soanish Court Hotel on Wednesday June, 22, 2016

Participants were also inspired by the story of veteran Canadian start-up mentor Valerie Fox, who is a co-founder of the number-one ranked university business incubator in North America. She spoke about her experience building The DMZ, formerly the Digital Media Zone, at Ryerson University in Ontario, Canada, and explained that students with good business ideas are supported by an enabling environment and now have multi-million dollar businesses.

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Canadian startup Mentor, Valerie Fox, engaging stakeholders at the Accelerate Caribbean Entrepreneurship Ecosystem Workshop at the Spanish Court Hotel on Wednesday June 22, 2016

 

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Canadian Startup Guru to Mentor J’can Entrepreneurs with World Bank Support

Veteran start-up mentor and co-founder of the number-one ranked university incubator in North America, Valerie Fox, will arrive in Jamaica to mentor local entrepreneurs in a workshop aimed at fostering growth in Jamaican entrepreneurship and innovation.

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Valerie Fox, Chief Innovation Consultant, The Pivotal Point

The Entrepreneurship Ecosystem Development Workshop is facilitated by the World Bank Group’s infoDev through the Accelerate Caribbean project. Accelerate Caribbean is one part of the Canadian funded Entrepreneurship Program for Innovation in the Caribbean (EPIC), where stakeholders in 13 CARICOM countries are being engaged in an effort to build up the entrepreneurship ecosystems across the region.

Ms Sophia Muradyan, Coordinator for EPIC, said,

 “We are very excited to have Valerie lead our workshop. She has mentored over 200 startups and has more than 30 years of leadership in facilitating innovation throughout Canada and the world.”

Fox is a co-founder of The DMZ, formerly the Digital Media Zone, at Ryerson University in Ontario, Canada. The tech incubator has attracted and fostered the growth of 190 companies and has also enabled the development of Zone Startups India, an international startup accelerator located in the iconic Bombay Stock Exchange tower.

Natalia Pipia, team leader of Accelerate Caribbean, in discussing the goal of the workshop said

“In some ways Jamaica’s current entrepreneurship ecosystem is more developed than others in the region but it could still benefit from greater leadership and structure. With this workshop, we are hoping to do a mapping of the ecosystem to figure out where the gaps are, and then make an actual plan to address them.”

The workshop will begin on Wednesday, June 22, at the Spanish Court Hotel at 8:30 a.m. and will bring together entrepreneurs, investors, business incubator managers, academics and government officials to focus on the challenges and opportunities in Jamaica’s entrepreneurship ecosystem.

It will be followed by a Business Incubation Management training programme at StartUp Jamaica in downtown Kingston on Thursday, June 23, and Friday, June 24. The two-day training will instruct in the areas of ‘Deals and Financing for Incubator Clients’ and ‘Implementing a Mentoring Programme’. 

Persons interested in attending the workshop or training may visit acceleratecaribbean.com for details and to register.

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WEBINAR Recap: How to Build an Effective Mentoring Network

Presented by Vimala Palaniswamy on Tuesday, April 26, 2016

Mentoring relationships are critical for entrepreneurs’ success.

Accelerate Caribbean’s online webinar  on Mentoring is designed to entrepreneurs and business incubators better understand how to build and expand their mentoring network to enjoy the benefits of successful mentoring relationships.

Vimala Palaniswamy, CEO and Co-founder of Demeter, an entrepreneur support network dedicated to improving start-ups success rates in low-income countries, led this webinar covering the basics on building, developing, and expanding sustainable and effective mentoring networks.

Topics covered in the webinar include:

  • How to build your mentoring network
  • What to expect from a mentor
  • How to maximise the benefits from the mentoring relationships you are involved in
  • How to use your mentoring network to increase your success rate

Developing Mentoring Networks-Square

Click here to watch: WEBINAR – How to Build an Effective Mentoring Network

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Ten Caribbean Business Incubator Reps Complete International Study Tour

by Tassia Stewart on  Monday, April 25, 2016

Ten (10)  representatives from six (6)  Caribbean countries returned to the region on Sunday, April 24, 2016, following a seven-day study tour of Orlando, Florida and Toronto, Ontario  two of the world’s leading innovation hubs.

Organized by infoDev’s (World Bank Group) Accelerate Caribbean project and funded by the government of Canada, the study tour was designed to enhance the participants’ knowledge on how North America creates ‘innovation spaces’ and streamlines professional support services for entrepreneurs to promote social change and economic growth.

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Team #ACStudyTour at the National Entrepreneurship Center in Orlando, Florida on Tuesday April 19, 2016

Collaborators for the study tour include lead project implementer, IMC Worldwide, Koltai & Company, University of the West Indies Consulting and The Barbados Coalition of Service Industries (BCSI).  The delegation was led by the Accelerate Caribbean team and comprised of international business incubation experts and mentors. It also included the following incubators from the region:

  • Startup Jamaica
  • Caribbean Mobile Innovation Programme (CMIP)
  • National Integrated Business Incubator System (IBIS), Trinidad
  • The Belize Trade and Investment Development Service (BELTRAIDE)
  • Grenada Small Business Incubator, Grenada
  • St. Vincent and The Grenadines National Center of Technological Innovation Inc (SVGNCTI)
  • Caribbean Industrial Research Institute (CARIRI)’s Center for Enterprise Development, Trinidad
  • GeoTechVision, Guyana.

Ms Sophia Muradyan, Coordinator for the Entrepreneurship Program for Innovation in the Caribbean, EPICsaid, “This study tour provides participants with an opportunity to see first-hand how global leaders in the field of business incubation operate. It will also expand their network of contacts abroad.  We are really excited to facilitate this in-person exchange of experience between innovators in North America and those in the Caribbean. The invited persons have demonstrated strong commitment to advancing the development of small business support in the Caribbean and we are optimistic that direct exposure of our business incubation professionals to international best practices, will translate to higher survival rates for startups across the region”

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The team all Bright eyed and bushy tailed in Orlando. 

The study tour kicked off with the International Business Innovation Association (InBIA) Conference in Orlando, Florida, where Accelerate Caribbean is hosted a panel on business incubation in the Caribbean. The Orlando leg also included a meeting with a top U.S. entrepreneur, a visit to the business incubator at the University of Central Florida and a tour of Florida’s National Entrepreneurship Centre (NEC).

The delegation then moved on to Toronto on Wednesday, April 20, 2016, where they toured VentureLAB, SKETCH and North America’s leading university business incubator, the DMZ at Ryerson University.

The mission also hosted an event titled “Caribbean Diaspora Rum Punch Hour,” which presented a unique opportunity for engagement between Caribbean-based incubator managers/business enablers and Toronto-based entrepreneurs, members of the Caribbean Diaspora and investors. The social event was aimed at facilitating networking and allowing participants to maximize the  opportunity to understand the success stories in order to successfully replicate them in their respective countries.

ABOUT Accelerate Caribbean

Accelerate Caribbean is a training program designed by InfoDev/World Bank as part of its Entrepreneurship Program for Innovation in the Caribbean (EPIC). EPIC is a seven year $20M program funded by the Government of Canada that seeks to build an enabling ecosystem to foster high-growth and sustainable enterprises throughout the Caribbean. The project is implemented by IMC Worldwide Ltd (IMC) in partnership with Koltai & Company, UWI Consulting, and the Barbados Coalition of Service Industries (BCSI). The focus of the Accelerate Caribbean project is to increase the capacity of business enablers (incubators) to innovate and scale-up their service offering to entrepreneurs.

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10 Caribbean Business Incubator Managers to benefit from Accelerate Caribbean study tour 

By Tassia Stewart on Friday, April 15, 2016

 

Accelerate Caribbean is moving to boost support for local and regional startups, by advancing the training of ten Caribbean (10) business incubator managers through a study tour of Orlando, USA and Toronto, Canada from April 17-23, 2016.

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The study tour is the highlight of the 12-month Accelerate Caribbean Business Incubation Clinic (BIC) which began in June 2015. The aim of this business clinic is to upgrade the skill set of business incubator managers, and expand the capabilities of business incubators. Business incubators (and accelerators) are organizations that nurture and support new companies during the startup period, when they are most vulnerable.

Accelerate Caribbean is a project designed by infoDev (The World Bank Group) as part of its Entrepreneurship Program for Innovation in the Caribbean (EPIC). EPIC is a seven-year US$20M program funded by the Government of Canada that seeks to promote high-growth and sustainable enterprises throughout the Caribbean. The project is implemented by IMC Worldwide Ltd (IMC) in partnership with Koltai and Company, University of the West Indies Consulting and the Barbados Coalition of Service Industries (BCSI).

Speaking on the upcoming study tour, EPIC Coordinator, Sophia Muradyan, said: “Across the Caribbean there is a groundswell in business incubation. An increasing number of startups are requiring professional business incubation and acceleration services. At the national level, many Caribbean governments now factor startup, innovation and entrepreneurship support into their economic and policy agendas.”

Muradyan argues that the Accelerate Caribbean project and study tour is timely, adding that “By effectively training business incubation managers, and facilitating their direct exposure to international best practices in business incubation, we will be helping to create a more enabling environment for small businesses.”

The week-long study tour has a 16-member delegation primarily from the current cohort of the Accelerate Business Incubation Clinic (BIC), representing Jamaica, Trinidad & Tobago, Belize, Barbados, Guyana, Grenada, St Vincent & the Grenadines.

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The tour begins on April 17, 2016 at the 30th International Business Innovation Association Conference in Orlando, Florida, where Accelerate Caribbean will host a panel on business incubation in the Caribbean. After four days, the delegation will head to Toronto, Canada, to tour the DMZ at Ryerson University (top ranked in North America and 5th in the world), as well as several of Canada’s most successful innovation hubs. While in Toronto, the mission will also host a networking event targeting Toronto’s Caribbean Diaspora business community.

The delegation returns to the region on April 24th where they are expected complete the Business Incubation Clinic and implement the newly acquired skills via entrepreneurship support programmes in their respective islands.

For additional information on Accelerate Caribbean visit http://acceleratecaribbean.com/.

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Belize Entrepreneurs Benefit from Accelerate Caribbean Business Incubation Training & Workshop

by Tassia Stewart on March 8, 2016

Thirty entrepreneurs in Belize last month completed a three-day World Bank/Canada funded Business Incubation Management Training programme held in collaboration with BELTRAIDE, at the ITVET compound in Belize City.

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The entrepreneurs received training in Business Incubation Management (BIM), based on an internationally tried and tested curriculum, designed by InfoDev/World Bank to strengthen emerging entrepreneurship ecosystems. Business incubation is a process of nurturing the development of businesses, helping them survive and grow during the start-up period, when they are most vulnerable.  The successful training participants have received certification in Incubation Management; Monitoring, Evaluation, and Benchmarking as well as Technology Commercialization.

The BIM training was preceded by an awareness raising Workshop on Monday, February 29 at the same venue. The workshop was organized in conjunction with training, to raise awareness on the challenges and opportunities for entrepreneurship in Belize. Discussions at the Workshop last Monday, centered on how stakeholders can work together to boost the entrepreneurial development ecosystem in Belize. Highlight/Outcome of workshop here

Accelerate Caribbean Workshop Day 2_00024

The workshop and training was presented by Accelerate Caribbean and facilitated by BELTRAIDE, Belize’s national trade and investment promotion agency. Accelerate Caribbean is designed by InfoDev, the innovation and entrepreneurship programme of the World Bank, as part of its Entrepreneurship Program for Innovation in the Caribbean (EPIC). EPIC is a seven year $20M program funded by the Government of Canada that seeks to build an enabling ecosystem to foster high-growth and sustainable enterprises throughout the Caribbean. The project is implemented by IMC Worldwide Ltd (IMC) in partnership with KoltaiCoUniversity of the West Indies Consulting (UWIC), and The Barbados Coalition of Service Industries (BCSI).

Both events targeted current or future incubator managers and their teams, small business support agencies, and other organizations active in supporting the development and growth of enterprises in Belize and surrounding countries. They follow on the successful staging of similar workshops and training programmes recently held in Barbados and St Lucia.

For additional information on the BIM Training visit www.infodev.org/training. For information on Accelerate Caribbean visit http://acceleratecaribbean.com/. One may also call the SBDC Belize office at 501-223-3195 or email sbdc@belizeinvest.org.bz for details.

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Building a Team is Like Building a Family! A Roundup of Accelerate Caribbean Webinar: Team up! How to Build a Winning Team and Find the Right Business Partners.

by Tassia Stewart on January 29, 2016

Building capacity and developing successful partnerships are two key success factors to ensure the sustainable growth and scaling of your business. Accelerate Caribbean, in trying to help Caribbean entrepreneurs better understand how to strategically resource their organisations and to identify suitable partners within their entrepreneurial ecosystem, dedicated the second in our four-part webinar series to team building.

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Miami-based attorney, Marlon Hill, Partner at Hamilton, Miller & Birthisel LLP, with over 18 years of corporate, intellectual property and government transactions law experience and former president of the Caribbean Bar Association, was invited to lead this webinar, to inspire participants to come up with a strategic plan to pull together their teams and to look at cross border partnerships for their businesses.

Marlon was an excellent choice to lead this exciting and informative webinar.  As we delved deeper into  the discussion it became clear building a team for business was very much like building a family. First comes love, then comes marriage then comes (you) with a baby carriage! Ha! Ok, it’s a little hard to imagine building your business with this kind of framework. But hey! It actually makes sense. Building a business could be like getting married and building a family when you consider these steps as shared by Marlon:

  • Take time to know yourself, know your business. This is the first step to understanding how to move forward, what kind of growth or business expansion would work for you. This involves knowing your market, and having an intimate understanding of your industry, country and diaspora.
  • When you are ready seek a partner. In the same way you may seek to find a life partner, you will want to seek a partner for your business. Consider these three main categories of business partners:
    1. An Innovator: The creative person that sparks the ideas, even crazy ideas, on products and services for your business.
    2. The Motivator: person that is able to access other people and networks, and motivate people to be part of your vision.
    3. The person who is going to get things done.

You need all three of these profiles in your team. You may have to conduct a relationship audit to ensure you have all three –Innovators, Motivators and Doers.

  • Communicate Communicate! It is very important among your partners to have a very clear understating of expectations, what your partners are bringing to the table whether they be founders, advisory board members, board of directors or even investors. Have an honest discussion about where the relationship is going. You may have this discussion over coffee, a fancy dinner, lying on a beach somewhere or a formal place or boardroom; make sure you’re having clear discussion on expectations. Decide on the roles and responsibilities early on. Who is going to be the CFO? The COO? Who will manage marketing and outreach? How do we arrive at business decisions? Who will have dual roles? Will salaries be deferred during the start-up stages? etc. This is to ensure that your team members are on the same page as yourself, therefore preventing any discrepancies in the long run where these matters are concerned. And keep a record of everything. Do this sooner rather than later!
  • Formalize your partnership. Much like a marriage, paperwork must be drawn up to formalize your agreement. Instead of vows said at the altar, you get to do a binding contract, and that’s better than any verbal agreements said anywhere! Documentation is key! More importantly, seek legal counsel from the early stages so that your documentation is properly endorsed and in order, not just for you, but so that your business is in good standing with Government regulations in whichever jurisdiction your business operates.
  • Ensure there is a pre-nuptial agreement. Yes, a Prenup for business! We all want loyalty and longevity in our relationships but must plan for any eventuality. Establish the parameters for what happens if the relationship must end. Who gets what? Who pays what? What stays in the business?

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  • Build out your team. Now’s here’s the cool part. In building a family you’re often banking on genetics (and prayer) to give you perfect children. In building a business team, you actually get to choose the personalities and talents you think would be perfect for your business! Choice is power. Identify critical areas for your business and choose persons who bring relevant skills and talents to the table. Consider that your team can also involve ‘external’ players, for example where you’re partnering for finances or investment. External partners can sometimes be even more critical than those involved in the internal operations of your business. Choose wisely!
  • Work to make your family happy and productive. Try your best to keep your team and partners engaged and inspired as they help to build your vision. Ensure that working conditions are comfortable so as to maintain healthy working relationships.
  • If things don’t work out go your separate ways! That’s right, sometimes it is best to divorce, even in business! We should always look out for the persons who we’ve decided to go into business with, and try our best to make things work, but just as important, we must consider the best moves for the growth of the business. If moving forward means that you have to restructure your team to get the best results, then take the risk and let someone go.

Good Bye

Thank you to entrepreneur and legal expert, Marlon Hill, for these excellent tips.  Happy Team Building everyone!

Tweets on the webinar can be found using hashtag #TeamUpCarib.

In case you missed it Click here to listen to the webinar Team Building for Success

xxx

 

Accelerate Caribbean is designed by infoDev (The World Bank Group) as part of its Entrepreneurship Program for Innovation in the Caribbean (EPIC). EPIC is a seven-year program funded by the Government of Canada that seeks to build an enabling ecosystem to strengthen entrepreneurship and boost job creation across the region. Coming out of a needs assessment in 2014, it was found that we were lacking a silicon-valley-type approach to entrepreneurs, where qualified small business could receive tailored nurturing to improve their competitiveness, and therefore stay in business. The project is implemented by IMC Worldwide Ltd (IMC) in partnership with KoltaiCo, UWI Consulting, and the Barbados Coalition of Service Industries (BSCI).

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National Integrated Business Incubator Systems (IBIS) Accelerating Economic Diversification In Trinidad & Tobago

by Tassia Stewart on January 6, 2016

With an economy that has traditionally been fueled by oil and natural gas exports, Trinidad and Tobago is making significant strides toward diversification of its economy. One of the ways they have sought to do this is through greater support of the micro, small and medium enterprise (MSME) sector. According to the Ministry of Labour and Small and Micro Enterprise Development (2013), the MSME sector in Trinidad and Tobago accounts for over 90% of businesses and contributes about 28% of GDP.  Despite this MSMEs are still faced with a number of challenges, particularly limited access to financing and business support services.

Business incubation is a growing phenomenon where private and/or public partners seek to facilitate the development of sustainable enterprises by providing necessary support along with financial and technical services. The IBIS programme aims to provide a unique mix of business development support, infrastructure and operational and financial support to assist the growth and success of new and small enterprises. Established in September 2011, IBIS also encourages the establishment of business incubators throughout Trinidad via collaboration between public and private sector partners including Financiers, Trainers, Business Support Services Providers, Business Mentors, Educational and Research Institutions and Government agencies. Today over 31,000 sq ft of business incubation space is managed by IBIS.

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Opening the IBIS Incubator facility in Sangre Grande in March 2013

The Minister of Labour and Small Enterprise Development, Senator the Honourable Jennifer Baptiste-Primus, speaking at a Credit Union product launch event just last month, reiterated the government’s commitment to support for small and micro enterprises through provision of financial, technical, marketing and business development assistance.

“As minister with responsibility for the oversight of the sector, I assure you that the government is committed to building entrepreneurship and small enterprise development, through increased opportunities for in-depth training, enhanced institutional strengthening support, and expanded and customised funding facilities,” she noted.

Programme Manager at IBIS, Mr. David Roberts, says that the hub currently provides support to over 100 small business entrepreneurs in several key areas, particularly hands-on mentorship and training, leveraging the experience of seasoned entrepreneurs along with office space and financing.

“We recognised that there were some gaps to be filled particularly at the community level in terms of business support services and that is where IBIS comes in,” Mr. Roberts stated. He added that the design of the programme seeks to contribute directly to the fulfillment of three main national objectives: diversification of the economy, job creation and community empowerment.

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IBIS Programme Manager, David Roberts

 

Through its two types of business incubators, community-based and commercial, Mr. Roberts notes that the programme has enjoyed much success with beneficiaries progressing in their businesses, and in some instances, preparing to export their products and services.

Two of several successful participants in the IBIS programme are sauce and condiment manufacturer, Candy’s Delectable Delights, owned and operated by Candace Hart, and D Market Movers, an online platform that delivers fresh produce to its clients, run by Rachel Rennie.

Candace operates out of the IBIS Sangre Grande Business Incubator. Through her partnership with IBIS, she has benefitted from training to improve her management capacity, a specially outfitted space within the incubator to conduct her manufacturing operations, business mentorship to guide her strategic direction and financing for required equipment to improve her efficiency. Through the combined support of her Incubator Manager and mentor, Candace has successfully expanded her product line and secured nationwide distribution with a leading supermarket chain. This accomplishment will significantly raise the profile of the product and its recognition among consumers. Further enhancements to her products along with training are currently underway as Candace prepares to undertake regional export.

Rachel Rennie is attached to IBIS San Juan/ Barataria/ Laventille Business Incubator. With support from IBIS, D Market Movers was able to increase its capacity to store fresh produce to meet an increase in market demand. This enhancement was realized through the purchasing of additional refrigeration equipment which forms a critical part of her operations. Rachel was also exposed to IBIS’s pre-incubation training programme and paired with a mentor with significant experience in the food and beverage sector internationally. Most recently, IBIS has supported Rachel with the packaging of local produce as her company prepares to satisfy confirmed orders in the United States.

The stories of these entrepreneurs reflect the experiences of other micro and small businesses within IBIS. Now in its fifth year of implementation, the programme continues to deliver high-quality support to early-stage entrepreneurs across a number of industries, through one-on-one mentorship, training, financing and office space. The Creative Industries, Food and Beverage Manufacturing, Information Communications Technology and Agribusiness are but a few of the sectors represented by the over 100 beneficiaries being nurtured across IBIS’s network of four incubators in Trinidad.

 

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Opening of the IBIS Diego Martin Incubator  – July 15, 2015

 

The ultimate vision for IBIS is to become a one-stop shop for the provision of all support services required by micro and small businesses. With a streamlining of the programme and enhanced capacity to increase the number of entrepreneurs it serves, IBIS is poised for continued success in its mission towards contributing to the economic diversification of Trinidad and Tobago.

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BUSINESS INCUBATOR SPOTLIGHT – Trinidad’s National Integrated Business Incubator System (IBIS)

 

By Tassia Stewart on November 19, 2015

While for many the term incubation still conjures up images of eggs being warmed under artificial heat or tiny newborns cocooned in shiny glass boxes, business incubation, the process of supporting early-stage entrepreneurs through the start-up phase, has been taking off in the Caribbean. To boost this take-off, Accelerate Caribbean enrolled ten (10) of the Caribbean’s leading business incubators in a 12-month business clinic designed to equip them with the knowledge, skills and experience, to better provide services to the entrepreneurs they serve.

This month our business incubator spotlight turns on the twin island republic of Trinidad & Tobago, to the National Integrated Business Incubator Systems (IBIS). IBIS has shown tremendous potential for growth over the course of the Accelerate Caribbean business incubator clinic and has been selected as the first incubator the spotlight series.

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The IBIS programme at the National Entrepreneurship Development Company (NEDCo) was developed by Trinidad’s Ministry of Labour and Small and Micro Enterprise Development (MOLSED) to provide support to assist the growth of new and small enterprises. In addition to working directly with small businesses, IBIS works to encourage the establishment of business incubators throughout Trinidad via collaboration between public and private sector partners including Financiers; Trainers and Service Providers; Mentors; Educational and Research Institutions and Government agencies.

Programme Manager at IBIS Mr. David Roberts says that the hub currently provides support to 104 small business clients in several key areas, namely mentorship, training, office space and financing.

The full story on IBIS coming soon on the blog !

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Free Webinar Series Continues on December 9th

Lead by Legal Export Marlon Hill

MArlon On December 9th Accelerate Caribbean will host the second in a four-part webinar series, Team Up! “TEAM UP! How to Build a Winning Team & Find the Right Business Partners,” is the latest edition in our online training lineup and will be lead by Miami-based entrepreneur and attorney Marlon Hill.  Marlon is a Partner at Hamilton, Miller & Birthisel LLP and former president of the Caribbean Bar Association. He brings 18 years of corporate, intellectual property and government transactions law experience to share with us.

In this webinar you will learn how to:

  • Identify and hire the right team members for your business
  • Determine employees and partners roles
  • Negotiate equity
  • Reach into the Diaspora to build your support system

If you’re an entrepreneur, building teams and developing successful partnerships is important to you! Do not miss this training opportunity! For event details and registration please click here !

 

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