"The Caribbean Innovation Challenge, an international competition and start-up accelerator for young entrepreneur is already open for registration"
The United Nations Development Program (UNDP Barbados and the OECS) and the Young Americas Business Trust (YABT) are pleased to announce that the Launch of the Caribbean Innovation Challenge (CIC) took place in Barbados on October 2, 2012 at 4:00pm (EST) within the framework of the Foromic Conference http://www.foromic.org/), an event organized by the Multilateral Investment Fund of the Inter-American Development Bank (IADB).
Teams are welcome to register at the CIC website: http://www.youthin-cic.net
The launch was attended by over 100 participants and had speeches presented by representatives from the United Nations Development Programme Barbados and the OECS, the Organization of American States (OAS), the Young Americas Business Trust and remarks made by 3 young entrepreneurs who presented the success stories and experiences of their participation through the previous Talent Innovation Challenge (TIC Americas) competitions.
It was also webcast to over +1000 participants throughout the Latin America and Caribbean region.
The Caribbean Innovation Challenge is an international competition and business start-up accelerator program for young entrepreneurs in the Caribbean. The CIC is organized and developed by UNDP Barbados and the OECS, and the Young Americas Business Trust (YABT) as part of the UNDP project Youth Innovation (Youth-IN): A Caribbean Network for Youth Development,.
The CIC differentiates itself from other existing business model competitions by incorporating "before and after" stages, focusing on training and mentoring as preparation for the competition, and providing follow up services that include access to finance, networking activities, internships and promotion opportunities – which are key support services for first-time young entrepreneurs.
Youth-IN responds to the needs of youth identified in the report of the CARICOM Youth Commission (2010): 'Eye on the Future: Investing in YOUTH NOW for Tomorrow's Community'. Youth-IN promotes Caribbean youth INclusion, youth INnovation, youth INterest and youth Involvement. The project addresses the challenges of young people in the region and enhances opportunities for young people to make a difference in their communities and their nations.
In addition to the CIC launch, there was a successful Mini Business Labs training session organized on October 1, providing over 50 young people from Barbados the opportunity to identify business ideas which later can be developed into business plans or established businesses. These participants will be registering these ideas in the CIC competition.
To read more about the Youth-IN and the Caribbean Innovation Challenge, please visit the following links:
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