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BEMA International

Friday, November 3, 2017

Business Opportunities. Complete Caribbean maximum of USD$400,000



What?
Technical assistance provided to clusters of firms.
Why?
To increase global competitiveness and positioning of products and services sold by private sector firms in the Caribbean.
Who?
A minimum of three organisations, led by one private sector firm submitting the application.
Where?
Antigua & Barbuda; The Bahamas; Barbados; Belize; Dominica; Grenada; Guyana; Jamaica; St. Kitts & Nevis; St. Lucia; St. Vincent & the Grenadines; Suriname; Trinidad & Tobago.
How much?
Compete Caribbean will grant selected cluster project(s) 80% of the total budget for the project proposed by the cluster, to a maximum of USD$400,000. The cluster must contribute a counterpart of 20% (minimum) of the total project cost, half of which can be provided in-kind. Professional consultants will also be available to support the project development process. Grant funds will cover consultancy services and minor goods related to improving the functioning of a cluster. Grants will be allocated on a competitive basis following an evaluation by an independent Investment Panel.
How?
Download the official Project Concept Note format HERE. The lead firm must fill the concept note format and sign the application form and upload via THIS WEBLINK.
A cluster is 3 or more organisations collaborating to produce and sell a stream of new or better products/services at competitive costs on the regional or international market.    

Organisations actively involved in a cluster initiative benefit from:
  • Access to larger markets
  • Business development/branding
  • Cost sharing/saving
  • workforce development
  • Higher and more uniform quality standards
  • Supply chain or process improvements
  • better government support 

Deadline:
Call for Projects - November 15, 2017

 

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