2020 Caribbean Innovation Competition

Application is open for 2020 Caribbean Innovation Competition!

The CIC started in 2012 as a part of the Youth-IN Initiative of the United Nations Development Program (UNDP) Barbados and the OECS, designed and implemented, since its creation, by the Young Americas Business Trust (YABT), an International organization that promotes economic and social development of young people through entrepreneurship, innovation, leadership, and active participation. YABT works in collaboration with the Organization of American States (OAS) registered as a 501 c 3 non-profit in the District of Columbia.

The CIC follows the hemispheric model of the Talent and Innovation Competition of the Americas (TIC Americas), created in 2007 and operating on a yearly basis. In 2015, in partnership with the Inter-American Development Bank (IDB) and The University of the West Indies, the CIC operated as part of the Caribbean Regional Entrepreneurial Asset Commercialization Hub (REACH).

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To date, the CIC has supported the creation of 1182 business proposals in 20 countries involving 1373 entrepreneurs.

CIC participants and finalists benefit from the program through access to:

  • Business network
  • Content and knowledge
  • Development markets
  • Finance sources and angel investors
  • International visibility and recognition
  • Mentors and technical support

The program relies on a collaborative, regional support network of national partner institutions and stakeholders that have been supporting the CIC efforts from its beginning. This network is confirmed by over 150 collaborators that include Governments, National Ministries, NGOs, private and public sector institutions, universities and young people in the countries participating.

The theme for this year’s Caribbean Innovation Challenge is Resilience and Climate Change.  To support the understanding of the reasons and effects of Climate Change through adaptation, mitigation, and prevention; with a focus on sargassum, natural disasters, and climate change.

Benefits

Finalists:

  • Finalist teams will receive a full scholarship for one team member to take part in the finals of TIC Americas/CIC. The scholarship includes a round-trip flight ticket, travel insurance, hotel accommodation, full meals, and local transportation.
  • Finalists will also have access to, training, mentorships, and networking sessions with YABT’s partners, which include multinational and government representatives, international media, investors and a wide network of entrepreneurs in the Western Hemisphere

Winners:

  • A US$5,000 prize is awarded to the winners at the Finals of TIC Americas 2020. This award shall be considered by winning teams as seed capital for their businesses or initiatives. The winners are responsible for all the taxes, financial fees, and any other commission related to the disbursement of Funds.
  • Every winner team receives one trophy, certificate, and other and opportunities to be nominated as a Winning Team of TIC Americas, i.e., participation at International Events of the YABT/OAS, PepsiCo and other partners’ events and conferences.

Eligibilities

  • The CIC Teams may be comprised of a minimum of one and a maximum of ten members. If the Team consists of one member only, they will be holding the title of CEO. Teams of two and more members should include the following roles:
    • Chief Executive Officer
    • Chief Technical Officer
    • Others as identified by the team
  • Teams registering for the CIC Awards must be citizens residing in a CARICOM Member or Associate State and have the minimum legally authorized age to start and operate a business in that country.
  • Any entrepreneur, 18-34 years old, may enter regardless of their level of education
Eligible Regions: Antigua and Barbuda, The Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Lucia, St. Kitts and Nevis, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago, Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Turks and Caicos Islands 

Application Process

Apply online through the given link.

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Application Deadline: March 31, 2020 (33 Days Remaining)

Apply nowOfficial link

For Further Queries

[email protected]
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