{"id":268930,"date":"2017-01-31T10:12:48","date_gmt":"2017-01-31T14:12:48","guid":{"rendered":"https:\/\/content.carib-export.com\/news\/link-caribbean-awards-125000-usd-to-5-caribbean-firms\/"},"modified":"2022-06-13T20:37:36","modified_gmt":"2022-06-14T00:37:36","slug":"link-caribbean-awards-125000-usd-to-5-caribbean-firms","status":"publish","type":"news","link":"https:\/\/content.carib-export.com\/nl\/news\/link-caribbean-awards-125000-usd-to-5-caribbean-firms\/","title":{"rendered":"LINK-Caribbean kent $125.000 USD toe aan 5 Caribische bedrijven"},"content":{"rendered":"\n

Five Caribbean businesses are at a stage closer to securing private investment having each received $25,000 USD through the LINK-Caribbean Investment Readiness Grant programme.<\/p>\n\n\n\n

The five firms are Carepoint and Caribbean Transit Solutions from Barbados; Bluedot Media and Innovative Menu Solutions Ltd from Jamaica and SystemIz Incorporated from Trinidad and Tobago.<\/p>\n\n\n

\n
\"Larren<\/figure>\n<\/div>\n\n\n

According to Chris McNair, Manager for Competitiveness and Innovation at Caribbean Export, \u00e2\u20ac\u0153the grants will be used to assist firms in making the necessary improvements to their businesses with the aim of attracting greater investment from private investors, such as Business Angels within the next 6 months.\u00e2\u20ac\u009d The firms were selected from a slate of 134 applicants from across the region, 7 of which were afforded the opportunity to pitch their businesses to a panel of judges in the hope of securing an investment readiness grant. LINK-Caribbean<\/a>, a programme of the Caribbean Export Development Agency (Caribbean Export) supports the development of an early stage Investor eco-system within the region.\u00c2  Launched last September, it is funded by the World Bank and sponsored by Canada.<\/p>\n\n\n\n

“For many years Caribbean entrepreneurs were disadvantaged because of a lack of funding opportunities in comparison to our first world counterparts, with the LINK Caribbean grant we now have an opportunity to show the world that great, disruptive companies can be borne from here” expressed Larren Peart of Bluedot Media<\/p>\n\n\n

\n
\"Shannon<\/figure>\n<\/div>\n\n\n

Barbadian recipient Shannon Clarke from Carepoint expressed his humility for his selection and spoke of looking forward to the guidance from Business Angels and importantly \u00e2\u20ac\u0153their assistance to help push the adoption of ICT in the delivery of healthcare throughout the Caribbean\u00e2\u20ac\u009d<\/p>\n\n\n

\n
\"CTS<\/figure>\n<\/div>\n\n\n

Khalil Bryan of Caribbean Transport Solutions also from Barbados highlighted some of the key initiatives hosted by World Bank and Caribbean Export \u00e2\u20ac\u0153Starting from 2015, their team hosted Entrepreneur sessions to sensitise us to key items that would prepare us to raise Capital to providing support as we deploy capital from the IR grant. They have truly been a catalyst to improve the investment climate in the region – from building angel groups to disbursing grant funding to prepare us for investment. We appreciate the role that they have played and would encourage them to continue in this vein as entrepreneurship will truly be a catalyst to impact the economies of our region.”<\/p>\n\n\n\n

Aun Rahman, Financial Sector Specialist for the World Bank who also has responsibility for EPIC\u00e2\u20ac\u2122s Access to Finance programme stated that the Bank is encouraged with the initial response to LINK-Caribbean\u00e2\u20ac\u2122s first grant cycle. \u00e2\u20ac\u0153We are looking forward to building a stronger pipeline of more applicants who will be eligible to become beneficiaries under the programme in future grant cycles.\u00e2\u20ac\u009d<\/p>\n\n\n\n

In addition to these grants, LINK-Caribbean<\/a> provides other support activities to stimulate early stage investing in the region. It facilitates the development of deal-flow for early-stage investors through the Regional Angel Investor Network (RAIN<\/a>).\u00c2  \u00e2\u20ac\u0153We strongly encourage entrepreneurs and investors to join RAIN<\/a> to uncover new investment opportunities throughout the Caribbean,\u00e2\u20ac\u009d added Mr McNair.<\/p>\n\n\n\n

About<\/p>\n\n\n\n

LINK-Caribbean<\/a> is an initiative of the World Bank Group\u00e2\u20ac\u2122s Entrepreneurship Program for Innovation in the Caribbean (EPIC); a seven-year $20 million program funded by the Government of Canada<\/a> that seeks to build a supportive ecosystem for high-growth and sustainable enterprises throughout the Caribbean.<\/p>\n","protected":false},"excerpt":{"rendered":"

Five Caribbean businesses are at a stage closer to securing private investment having each received $25,000 USD through the LINK-Caribbean Investment Readiness Grant programme. The five firms are Carepoint and Caribbean Transit Solutions from Barbados; Bluedot Media and Innovative Menu Solutions Ltd from Jamaica and SystemIz Incorporated from Trinidad and Tobago. According to Chris McNair, […]<\/p>\n","protected":false},"author":9,"featured_media":268933,"menu_order":0,"template":"","tags":[],"class_list":["post-268930","news","type-news","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nLINK-Caribbean kent $125.000 USD toe aan 5 Caribische bedrijven - Caribische Export<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/content.carib-export.com\/nl\/news\/link-caribbean-awards-125000-usd-to-5-caribbean-firms\/\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LINK-Caribbean kent $125.000 USD toe aan 5 Caribische bedrijven - Caribische Export\" \/>\n<meta property=\"og:description\" content=\"Five Caribbean businesses are at a stage closer to securing private investment having each received $25,000 USD through the LINK-Caribbean Investment Readiness Grant programme. 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