Caribbean Innovation Competition 2018

November 1st, 2017 Washington D. C -  The Young Americas Business Trust (YABT) pleased to announce the launch of the Fifth Edition of the Caribbean Innovation Competition (CIC).

The Caribbean Innovation Competition is an international competition and business start-up accelerator program for young entrepreneurs in the CARICOM Member and Associate states. 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, among others.

The CIC is organized and developed by the Young Americas Business Trust (YABT) with the support of the World Bank (WB). This year, entrepreneurs can register their innovated ideas and business to be part of the CIC 2018. CIC will run parallel with TIC Americas and it will host its finals at the Young Americas Forum, the of special participation platform for young people at the Summit of the Americas. By connecting CIC with the Summit of the Americas, young people from the Caribbean will have the opportunity to prepare, debate and present their recommendations and plans of action to the Heads of State and Government attending the Summit, having a direct impact in decision making processes for policy and priorities definition.

Timeline

Registration: November 1, 2017 - January 10, 2018

Capacity Building: October 2017 - January 2018

Evaluation: January - February 2018

Announcement of Finalists: February 20, 2018

Finals: April 10, 11 and 12 in Lima, Peru at the Summit of the Americas

YABT acknowledges that unemployment is one of the biggest issues for the youth in the Caribbean countries these days. For this reason, YABT seeks actively to support young people in creating their own businesses through the CIC competition that will enable them to improve their business prototypes.

"We are honored to partner with the World Bank's Latin America and the Caribbean office, for the newest edition of the Caribbean Innovation Competition, a support platform that continues to transform innovative ideas into real businesses benefiting not only Caribbean entrepreneurs and new ventures, but the community at large" words expressed by Ms. Valerie Lorena, Executive Director of YABT with special responsibility for the Caribbean.

Moreover, YABT believes that CIC a unique opportunity to connect national institutions and international organizations as well as youth associations across the Caribbean to invite them to actively take part in the CIC as sponsors, partners, promoters, judges or mentors. 

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