About

The Barbados Entrepreneurship Foundation was formed in 2010 and was born from a vision to make Barbados “The #1 Entrepreneurial hub in the World”.

Led by Peter Boos, Chairman Emeritus of Ernst & Young Caribbean and a group of local and international entrepreneurs called the E-Team, the goal of the Foundation is to foster an holistic approach to entrepreneurship in Barbados, that will enable the achievement of the Island’s potential as a global business hub.

The BEF is a non-profit association. The work of the Foundation is almost entirely carried out by volunteers in partnership with sponsors, the public and private sector and the social partners. The BEF is managed by a Board of Directors and a smaller management committee and relies on contributions from corporate citizens, private individuals, the diplomatic community and Board members to fund all its activities.

The BEF was established with the support of many stakeholders including our late Prime Minister, David Thompson. The Honourable Freundel Stuart has also voiced his support for the BEF and was a feature speaker at the Foundation’s Annual Summit in November 2012.

The BEF realizes that collaboration with relevant partners is critical to maximize effort and to avoid duplication. The BEF has partnered with professional associations, the Cave Hill School of Business, relevant government departments and representatives of labour.

The work of the Foundation is centred on growing sustainable entrepreneurship through advancing key areas that have proved to be the factors for a successful entrepreneurship eco-system. The focus areas are organized around five Pillars – Finance, Government Policy, Education and Skills, Business Mentorship and Business Facilitation.

The Success of the Foundation will be measured by:

  • GDP per capita doubled from US$13,000 to US$26,000 by 2020
  • Barbados ranked among the top 20 most competitive countries in the world – 44th to < 20th
  • Number of Global companies (annual turnover of US $50 M+) with headquarters in Barbados grows with a total annual revenue of US$5 billion.
  • Barbados being the ‘go to’ hub for entrepreneurs offering the highest levels of  business support and networking.
  • A ‘Gold Standard’ level of support provided to entrepreneurs in all five Foundation Pillars.
  • Barbados recognized as a premier source of business talent.
  • Barbados listed as a preferred country to conduct business in reports such as the World Bank’s Doing Business.
  • The Foundation’s Model of ‘Growing Sustainable Entrepreneurship’ extended across the world.
  • Entrepreneurs who think outwardly to international horizons.


Founding Sponsors

Mckinney RogersMcKinney Rogers

McKinney Rogers is a global business performance consultancy. We work in partnership with our clients to achieve clarity of purpose and alignment throughout their organizations. We embed High Performance Team and Mission Leadership® behaviors to ensure superior execution while establishing an innovation mindset to deal with the unexpected and deliver next generation growth – utilizing workshops and coaching to meet specific goals.

Visit www.mckinneyrogers.com for more information on McKinney Rogers.

Business BarbadosBusinessBarbados.com

BusinessBarbados.com is owned by Caribbean Business Publications Inc. a joint venture between Keith Miller and Peter Boos. Caribbean Business Publications has published the successful annual Business Barbados guide for the last 12 years. Miller and Boos are both successful, well known, respected figures in Barbados.

BusinessBarbados.com is a a Barbados based website which was created, developed and now managed from Barbados. The website dedicated to providing accurate and high value business information and contacts to anyone interested in Barbados business. This high quality content is logically organised for ease of search and is exclusively provided and kept current under contract by some of the leading private sector firms and experts in Barbados. This site is updated daily with the latest business related content including business news, press releases, events, reports etc.

Visit www.businessbarbados.com for more information on BusinessBarbados.com.

Digicel BarbadosDigicel Group

After nine years of operation, Digicel has 9.1 million customers across its Caribbean and Central American markets and is renowned for competitive rates, unbeatable coverage, superior customer care, a wide variety of products and services and state-of-the-art handsets. By offering innovative wireless services and community support, Digicel has become a leading brand in the Caribbean and has placed the region at the cutting-edge of wireless communications. The com- pany is also a recent entrant to the Central American market in Panama and Honduras, where is has 1.6 million subscrib- ers.

Digicel is incorporated in Bermuda and now has operations in 32 markets worldwide. In total, across its 32 markets, Digicel has over 10.7 million subscribers.

Visit www.digicelgroup.com for more information on Digicel.

 

 

 

 

Williams Industries IncWilliams Industries Inc.

Williams Industries Inc. (WII) is a diversified Caribbean corporation with headquarters situated at Cane Garden, St. Thomas in Barbados. From its headquarters WII controls 13 wholly owned and 17 joint venture companies in Barbados, St. Lucia, and other Caribbean Islands. WII also has significant investments in Jamaica.

These companies do business in manufacturing, electrical engineering, supply to the construction industry, farming, tourism, waste recycling, water desalination, well drilling, real estate development, building and Equipment rental, sewage treatment, alternative energy, cellular communication and Tourism. The WII Group employs over 600 people. 286 of them are shareholders.

Visit www.williamsind.com for more information on Williams Industries Inc.

Nation Publishing CompanyThe Nation Publishing Co. Limited

The Nation Publishing Co. Limited is a subsidiary of the Nation Corporation which is a subsidiary of One Caribbean Media Limited. On January 1, 2006 the Nation Corporation, a Barbadian owned media and communications company merged with Caribbean Communications Network of Trinidad and Tobago to form One Caribbean Media Limited. The Nation Corporation’s other subsidiary companies include the radio stations of StarCom Network, and a real estate hold- ing company, Nation Properties. The Nation Publishing Company produces the major newspapers of Barbados. Its prod- ucts benefit from the most extensive distribution network on the island, which also extends to several Caribbean islands, the US and the UK.

Visit www.nationnews.com for more information on The Nation Publishing Co. Limited.

Simpsons MotorsSimpson Motors

Simpson Motors was founded in 1972 by businessman Kyffin Simpson. The company expanded quickly, initially through the success of the Suzuki line, followed eventually by acquisition of the Mercedes franchise. During this period the com- pany earned an enviable reputation for exceptional after-sales service, which is maintained to this day.

Over the years, the company has added a host of popular passenger car franchises and has expanded its focus to include a line of commercial vehicles and equipment. The addition of Simpson Finance and Simpson Motors Used Cars then created new dimensions to the service offered.

With a well-stocked parts department and skilled, professional mechanical and body repair workshops, Simpson Motors can be now considered the all-inclusive package for automotive needs.

Visit www.simpson-motors.com for more information on Simpson Motors.

Barbados International Business AssociationBIBA

The Barbados International Business Association (BIBA) has its origins in an organisation known as the Barbados Asso- ciation of International Business Companies and Offshore Banks (BAIBCOB) which was formed in 1993 and incorporated in February 1997 under the Companies Act (Cap 308) of Barbados . In November 1997 as a result of a decision to accept a broader range of membership, the name of the organisation was officially changed to the Barbados International Business Association and from there on, the association’s membership included the members of the former Canada Barbados Business Association (CBBA) and the Barbados International Insurance Association (BIIA), along with the former BAIBCOB members.

Contributing Members

Lex, Cidel, Summit International Bank, TeleBarbados, Tricor, Breakwater Management Services Ltd

Visit www.biba.bb for more information on BIBA.

Lex CaribbeanLex Caribbean

Lex Caribbean was established in Barbados in 1997. Our vision was to become the first pan-Caribbean law firm providing seamless advice as to the local law of multiple territories in the region. With over 30 lawyers we currently operate from three offices in Trinidad and Tobago (consequent upon a merger in the late 1990′s with DeNobriga, Inniss & Co., a leading firm in Trinidad and Tobago which had been founded in 1967), and from single office locations in both Barbados and Jamaica. We have also formed strategic alliances with respected counsel in several other Islands, consolidating our extensive reach throughout the Caribbean.

In the pursuit of our vision, we offer expertise in the areas of capital markets, commercial litigation, corporate/commercial law, insolvency and restructuring, international business, project finance and property development and conveyancing to clients conducting local and cross border transactions in the Caribbean. We also advise on international business transactions from Barbados and coordinate advice from other international business jurisdictions throughout the Caribbean. Our breadth and depth of skills and experience enable us to provide intelligent, carefully coordinated multi-jurisdictional advice to regional and international clients.

Visit http://lexcaribbean.com for more information on Lex Caribbean.

The Barbados Bankers Association

United States Embassy

Our Missions

Our Mission –  To make Barbados the #1 Entrepreneurial Hub In The World by 2020

The Mission measures of success in 2013 are:

  • 100% access to Wireless/WIFI island-wide
  • Mentorship portal fully operational
  • Angel Investor network in place to support SME’S
  • School enterprise competition becomes annual event
  • Enterprise development embedded in school curriculum
  • Key stakeholders working in partnership with BEF
  • Annual Summit becomes ‘must attend’ for business community

Our Vision

The founders of the BEF were driven by the belief that Barbados can become the global hub for entrepreneurship in the world by 2020.  The BEF believes that the achievement of this Vision will lead to the creation of enormous opportunity and a better life for all Barbadians. 

The realization of this Vision requires an outward looking mindset and a firm belief in the attractions of Barbados as a hub for enterprise. Barbados has long out-performed many other countries in the region in the areas of education, human capital, quality of life and social services, and this solid foundation can form the basis for a transformation to a genuinely proentrepreneurship environment, through dedicated all-sector collaboration.  It also requires close, active partnership with government and all stakeholders and a universal commitment to embracing global competition and to lowering  unnecessary barriers to doing business in Barbados.

The BEF is committed to this Vision which is demonstrated in the active involvement of a large group of volunteers who work together to ensure that the Foundation’s overarching goals are achieved.

 

Our Pillars

Foundation Pillars
  • Finance -  Pillar Champion - Colin Daniel
  • Government Policy - Pillar Champion - Dr. Jeannine Comma
  • Education and Talent – Pillar Champions – Keith Miller & Derek Browne
  • Mentorship – Pillar Champion – Marcia Brandon
  • Business Facilitation – Pillar Champion – Melanie Jones
Special Pillar
  • 11.11.11 ON – WiFi Barbados - Pillar Champion – Melanie Jones