The CIC offers further business development and international visibility opportunities for Young Entrepreneurs in the Caribbean.

Barbados and Washington D.C. February, 4, 2014 - The United Nations Development Program (UNDP) Barbados and the OECS and the Young Americas Business Trust (YABT) are pleased to announce new entrepreneurship development opportunities for Caribbean Innovation Challenge alumni and young participants.

In an effort to continue providing follow up services to the 493 teams registered for the CIC in 2013, the organizing partners will provide access to the Talent and Innovation Competition 2014 TIC Americas support platform. "The CIC had close to five hundred teams participating in 2013, these teams will have once again the opportunity to compete and represent the Caribbean in a Hemispheric Competition and support platform like the TIC Americas in 2014", emphasized Mr. Luis Viguria, CEO of the YABT.

The opportunity for teams that competed in the CIC 2013 to be part of the TIC Americas 2014 was created in anticipation to the Launch of the Second Edition of the Caribbean Innovation Challenge, to be announced later this year and which will run its complete Competition Model for the Caribbean, including promotion and marketing, the Business Opportunity Online Training BOOT Camp, the CIC Support System, online semi-finals and evaluation process and the onsite Finals, Expo and Awards Ceremony.

The process is simple, teams that are currently part of the the CIC 2013 will automatically receive a notification about this unique opportunity to compete in TIC Americas 2014, they will then have until March 15, 2014 to present the deliverables of their projects under the following categories:

  • Talent and Innovation Awards: Category focused on social and economic innovation through entrepreneurship. These proposals can be projects in implementation or to be implemented. This award is a joint initiative of YABT and the Executive Secretariat for Integral Development (SEDI) and the OAS.
  • Eco-Challenge Awards: Special category that awards projects focused on environmental issues. Eco-Challenge is a joint initiative between YABT and PepsiCo that looks to promote sustainable solutions to confront the challenges of environmental problems. A delegation of up to five Finalist Teams will be selected, during the the Judging and Evaluation process, to represent the Caribbean at the Hemispheric TIC Americas 2014 Finals, to be held in June 2014 in Asuncion, Paraguay prior to the 2014 OAS General Assembly.

The Caribbean Innovation Challenge (CIC) is an international entrepreneur competition and business start-up accelerator platform for young people in the CARICOM Member and Associate states. It is a component of the UNDP Barbados and the OECS Youth-IN program and implemented in collaboration with the Young Americas Business Trust (YABT).

For more information about the TIC Americas, visit: www.ticamericas.net.

Participants and organizers will be tweeting about the event using the following Twitter hashtag: #TICAmericas

About UNDP Barbados and the OECS - UNDP partners with people at all levels of society to help build nations that can withstand crisis, and drive and sustain the kind of growth that improves the quality of life of everyone. On the ground in 177 countries to help empower lives and build resilient nations. Within our multi-country context, UNDP Barbados and the OECS aims to create an enabling environment where our national governments have the capacities for inclusive and sustainable human development; meet their regional commitments, and internationally agreed goals including the Millennium Development Goals. Operating in a context where five out of ten (10) countries are considered Net Contributor Countries (NCC), UNDP focuses on policy and knowledge advisory services that facilitate poverty reduction, improved democratic governance, sound environmental management, climate resilience, options for sustainable energy and building resilience to natural and man-made hazards.. To learn more about UNDP Barbados and the OECS, please visit www.bb.undp.org/barbados/en/home.html

About the Young Americas Business Trust (YABT) – The Young Americas Business Trust (YABT) is a nonprofit corporation, that works in cooperation with the General Secretariat of the Organization of American States (OAS) to promote social and economic development among young people in the western hemisphere and around the world. YABT develops and implements programs and activities focused on entrepreneurship. Through these, it looks to improve the quality of life and generate employment opportunities for youth in the Americas, especially those facing poverty. YABT programs have a positive impact on all aspects of the lives of youth. Since its creation YABT has empowered more than 40,000 young people in 75 countries through programs and activities that enable youth to become productive members of their communities, enhancing accessibility and giving them a voice to act as partners that will contribute in the development of their countries and the region. For more information, please visit www.yabt.net

For further information please contact:

For more information contact: Janine Chase, UNDP Barbados and the OECS, email: Janine.chase@undp.org, T: +1 246 467 6041
Ana Maria Torres, Young Americas Business Trust, email: ticamericas@yabt.net, T: +1 202 370-4723