80.3 F
Charlotte Amalie
Saturday, August 13, 2022
HomeBusinessSt. Croix businessCaribbean Innovation Challenge Seeking Applications from Small Businesses

Caribbean Innovation Challenge Seeking Applications from Small Businesses

A MicroMentor Mentor–Mentee pair as part of the Caribbean Innovation Challenge

The global humanitarian organization Mercy Corps and Bacardi Limited, the largest privately held spirits company in the world, are awarding 25 innovative local businesses up to $5,000 each and access to free mentoring through Mercy Corps’ MicroMentor initiative. MicroMentor is a social platform that enables the world’s largest community of purpose-driven entrepreneurs and business mentors to create powerful connections, solve problems and build successful businesses together.

The Caribbean Innovation Challenge is accepting submissions through Oct. 15. Local entrepreneurs who have licensed businesses are of legal age, and live in the territory can submit their applications through the Challenge website: https://www.micromentor.org/blog/cic2019/

Free access to the MicroMentor platform is available to all entrepreneurs from the U.S. Virgin Islands who are seeking to strengthen their business strategies and improve their chances of winning through https://micromentor.org/caribbean. Studies have shown that entrepreneurs who received mentoring on MicroMentor go on to create an average of two new jobs. Mentored entrepreneurs experienced nearly a 40 percent increase in revenue as well as a significantly higher survival rate for their businesses beyond the first year of operations.

The Caribbean Innovation Challenge is part of a larger initiative between Mercy Corps and Bacardi to support recovery and rebuilding efforts in the region, seeking to impact 300 small businesses in the USVI. The Caribbean Innovation Challenge is also supported by West Indies Company, Bacardi’s distributor partner in the USVI.

Print Friendly, PDF & Email
Keeping our community informed is our top priority.
If you have a news tip to share, please call or text us at 340-228-8784.




Support local + independent journalism in the U.S. Virgin Islands

Unlike many news organizations, we haven't put up a paywall – we want to keep our journalism as accessible as we can. Our independent journalism costs time, money and hard work to keep you informed, but we do it because we believe that it matters. We know that informed communities are empowered ones. If you appreciate our reporting and want to help make our future more secure, please consider donating.

FROM FACEBOOK

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons
Load more
A MicroMentor Mentor--Mentee pair as part of the Caribbean Innovation Challenge
The global humanitarian organization Mercy Corps and Bacardi Limited, the largest privately held spirits company in the world, are awarding 25 innovative local businesses up to $5,000 each and access to free mentoring through Mercy Corps’ MicroMentor initiative. MicroMentor is a social platform that enables the world’s largest community of purpose-driven entrepreneurs and business mentors to create powerful connections, solve problems and build successful businesses together. The Caribbean Innovation Challenge is accepting submissions through Oct. 15. Local entrepreneurs who have licensed businesses are of legal age, and live in the territory can submit their applications through the Challenge website: https://www.micromentor.org/blog/cic2019/ Free access to the MicroMentor platform is available to all entrepreneurs from the U.S. Virgin Islands who are seeking to strengthen their business strategies and improve their chances of winning through https://micromentor.org/caribbean. Studies have shown that entrepreneurs who received mentoring on MicroMentor go on to create an average of two new jobs. Mentored entrepreneurs experienced nearly a 40 percent increase in revenue as well as a significantly higher survival rate for their businesses beyond the first year of operations. The Caribbean Innovation Challenge is part of a larger initiative between Mercy Corps and Bacardi to support recovery and rebuilding efforts in the region, seeking to impact 300 small businesses in the USVI. The Caribbean Innovation Challenge is also supported by West Indies Company, Bacardi’s distributor partner in the USVI.