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Programme Rationale

 

The Barbados Entrepreneurship Foundation is expanding its programmes after a successful pivot during the pandemic. The nascent and emerging entrepreneurial development, namely of persons aged 18 to 25, appears to be a good fit as we work with our partners to leverage our expertise and experience with youth programmes to feed the national entrepreneurial pipeline.

Our Sponsors
Challenge Details
Our Project Champions
Media Centre

Our Aim

 

We aim to expose youth to team-based, experiential initiative to encourage the uptake of entrepreneurship or micro enterprise.

Goals

 

Work with partners to leverage our expertise and experience with youth programmes to feed the national MSME pipeline.

  • To expose youth to a team-based, experiential initiative which influences the uptake of entrepreneurship or micro enterprise.
  • To facilitate the transition from idea to start-up within 12 months.
  • To foster networking and cooperation between participants to grow their businesses
  • To encourage collaboration amongst business support agencies, including financial institutions, to improve the access to finance.

Our Sponsors

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  • Barbados Trust Fund Ltd
  • Barbados Workers Union Cooperative Credit Union
  • City of Bridgetown Cooperative Credit Union
  • Clarity Media
  • Fund Access
  • Sagicor Cave Hill School of Business & Management
  • Sky Mall
  • Scotiabank
  • Dover Beach Hotel
  • Trident Entertainment Network Inc.
  • UWI Giveback Program

The Challenge – Turn $250 into $1000 in 8 weeks

Participants must be...

 

  • between the ages of 18 – 25;
  • interested in self-employment or entrepreneurship;
  • willing to work as part of a team to create and pilot a business in 8 weeks;
  • committed to working 50 hours a week on the business;
  • willing to make a charitable donation;
  • able to trade their goods/services;
  • planning to register a business start-up in the next 6 - 12 months.

 

Structure of the Programme

 

  • Seed capital loan of $250 per team member
  • Training workshops (face-to-face and online) begin
  • Let’s Talk Virtually Lunchtime Webinar
  • Trading
  • Pop-up market at Sky Mall,
  • Other Market/networking opportunities will be available
  • Mentorship provided for each team
  • Graduation

Judging Events

 

  • Business Pitch
  • Pop-up Market
  • Business Presentations
  • Written Business Case
  • Finalists Interviews

 

Prizes

 

  • Micro Enterprise -  Prize package worth $10,000: includes Cash, Professional Photo Shoot; Mentorship; Technical Assistance; Market Opportunities
  • Sector Winners - Prize package worth $3,000: includes Cash, Technical Assistance; Market Getting Started (Barbados) Business Names Market Opportunities
  • Event Winning Teams:  Cash $250
  • Other Prizes: Business Planners, Portfolios, Books, Networking Opportunities; and much more

 

Project Champions

Under BEF Pillar 'EDUCATION & TALENT DEVELOPMENT'

Celeste Foster

Dr Jeannine Comma

Photos
Articles
Videos

Media Centre

PHOTOS

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ARTICLES

BARBADOS TODAY  - Launch Pad Being Provided For Prospective Entrepreneurs

Young entrepreneurs are being assured greater access to financing is coming. Chief executive officer of the Barbados Workers’ Union (BWU) Co-operative Credit Union, Zandre Bowen, made the announcement recently while endorsing the Barbados Entrepreneurship Foundation (BEF) Community Summer Challenge.

 

Read full article here

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VIDEOS

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