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

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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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