The Closing Ceremony of the Business Lab Workshop on Agribusiness in Saint Vincent and the Grenadines took place on August 30, 2013 at the Ministry of Foreign Affairs of Saint Vincent and the Grenadines. The workshop was organized by the Young Americas Business Trust (YABT) and the Centre for Enterprise Development Inc (CED) with support from the Ministry of Foreign Affairs, the Golda Meir Mount Carmel International Training Center (MCTC), Israel's Agency for Development and Cooperation (MASHAV), and the Organization of American States (OAS) taking place from August 26-30, 2013 and training 26 young entrepreneurs and trainers.
The training provided young entrepreneurs with guidance and support to generate viable and creative ideas to assure new businesses in the agriculture industry. The Business Labs are designed to stimulate innovation and generate entrepreneurial initiatives that positively affect the society and their communities. The sessions provide hands-on business experience and guidance in business modeling and planning, marketing and branding; and evaluating existing ventures to identify and pursue new opportunities. The goal is to facilitate business development for young entrepreneurs, and in the case of "Training of Trainers" create a space for the exchange of best practices, while sharing methodologies that are later replicated to create a multiplier effect in the activity's host country.
During the closing ceremony, speeches were given by his Excellency Amiram Magid, Ambassador to Caribbean States, Israel; Felix Lewis, General Manager of CED; and Akarda Ventour, YABT representative. During his speech, Mr. Felix Lewis, commended YABT for choosing agribusiness as the area of focus for the Business Labs and for partnering with CED to bring the program to Saint Vincent and the Grenadines. He also urged the participants to use the knowledge and skills acquired in the training to develop innovative and viable agribusinesses, thereby contributing to the economic development of the country and the region.
The Business Labs are directly linked with supporting youth entrepreneurship programs in the Caribbean, including the Caribbean Innovation Challenge (CIC), an international entrepreneur competition and business start-up accelerator for young people in the CARICOM Member states. The CIC is a component of the UNDP Barbados and the OECS Project: "Youth Innovation (Youth-IN): A Caribbean Network for Youth Development"