infoDev’s Entrepreneurship Program for Innovation in the
Caribbean (EPIC) is a seven year $20M program funded
by the Government of Canada that seeks to build an
enabling ecosystem to foster high-growth and sustainable
enterprises throughout the Caribbean. EPIC has three
core activity pillars: mobile innovation, climate
technology, and women-led entrepreneurship. These
pillars are complemented by an access to finance facility
for Caribbean entrepreneurs, and a skills upgrading and
capacity development program for all ecosystem stakeholders. These stakeholders include entrepreneurs, incubation practitioners, policy makers, universities, risk capital financiers, and other private sector partners. Learn more...
2 December 2014
Two Jamaican entrepreneurs with connections to infoDev/EPIC’s training and facilitation in the Caribbean, Harlo Mayne and Jovan Evans, have won awards in that country’s 2014 Innovation Awards in Science and Technology.
Caribbean climate entrepreneurs target big problems with savvy science
24 October 2014
In July 2014, the Caribbean Climate Innovation Center (CCIC), a project of the World Bank Group and its global entrepreneurship program infoDev announced the 11 winners of its first regional Proof of Concept (PoC) competition. Read stories from 5 winners of the competition who developed sustainable energy solutions with scientific innovation.
Success Story: Patricia Joshua and her sustainable agribusiness paper business
10 September 2014
In the spring of 2014, St. Lucia entrepreneur Patricia Joshua was a selectee in infoDev’s 50-woman innovation workshop series. She went back to work on her paper products, applying the principles she had absorbed. By the summer, she would find herself one of two women from that WINC Grow your Business series to win a prestigious Caribbean Climate Innovation Center (CCIC) Proof of Concept (PoC) grants, in her case, for development of sustainable agri-business paper products. See what drove her to become one of the 11 regional grant winners.
Caribbean Entrepreneurs Receive Awards for Innovative Concepts
15 August 2014
This first regional proof of concept (PoC) competition awarded grants of up to US$50,000 for developing, testing and commercializing innovative and locally relevant climate technology solutions. Entrepreneurs were asked to submit proposals for innovative products, services, or business models in sustainable agribusiness, water management and recycling, solar energy, energy efficiency, and resource use sectors. Read full story.
Success Story: Elliot Lincoln and Themba Biofuels
Elliot Lincoln is the founder of Themba Biofuels, which produces biodiesel from the cultivation of microalgae. With a Proof of Concept grant from the Caribbean Climate Innovation Center, Elliot and Themba Biofuels now have the funding needed to accelerate the commercialization of the operation.
Success Story: Robert Wright and New Leaf Power
Robert Wright is managing director of New Leaf Power, and one of the 11 winners of the Proof of Concept competition organized by the Caribbean Climate Innovation Center, an infoDev project that supports innovative entrepreneurship in climate technology. Read Robert's Story.
Climate Innovation Center awards 11 Caribbean entrepreneurs with more than USD 400,000 in concept grants
The Caribbean Climate Innovation Center (CCIC) — a project of the World Bank and its global entrepreneurship program infoDev — has announced the 11 winners of its first regional Proof of Concept (PoC) competition. The successful applicants will receive grants of up to USD 50,000 to develop, test, and commercialize innovative, locally relevant climate technology solutions. Read full story.
infoDev Launches Caribbean Mobile Innovation Program (CMIP)
infoDev is proud to announce the launch of the Caribbean Mobile Innovation Program (CMIP), to be held at the University of the West Indies Regional Headquarters, Mona, Jamaica on Tuesday, June 10, 2014 in Council Auditoriums 1-2 at 5:00 PM. Read press release.
Grow Your Business Workshops Show New Way for Caribbean Women Entrepreneurs to Innovate and Succeed
A total of 49 women entrepreneurs took part in the three-day workshops,representing growth-oriented and innovative businesses. They underwent intensive training in GyB methodology aimed at strengthening their skill sets, networking acumen and access to mentoring, markets and finance. So far, 100 innovative growth entrepreneurs have been trained since 2013. Read more.
WINC’s Grow your Business workshops for women set for April 1 start in Antigua
20 March 2014
A new group of enterprising Caribbean
businesswomen is set to participate in the
second round of the Women Innovators
Network in the Caribbean (WINC) Grow
your Business (GyB) Workshops. Scheduled
for Antigua on April 1-3 and St. Lucia on
April 8-10, the program is expected to further
the growth of an enabling economic ecosystem
for high-growth, sustainable businesses. Read more...
Meet the WINC entrepreneurs, Edition 1
19 March 2014
In early April, infoDev will be hosting its
second round of Grow your Business (GyB)
workshops in the Caribbean. In this edition
of ‘Meet the WINC entrepreneurs’, we profile
two women who attended the inaugural
workshops. Both are serving their clients with
cutting-edge technology-based solutions.
Caribbean youths look to create the next top mobile app
6 March 2014
Technology could place the Caribbean’s
youth on a level playing field and kickstart
the region’s stalling economies. “Technology
can be the great leveller, not only in terms of
location but also in terms of size” explained
Lisa Harding from the Caribbean
Development Bank. “This is great news for
the Caribbean.” Read more…
Digital jamming to the tune of a tech-biz future
6 March 2014
Caribbean students and techies descended on
the headquarters of the University of the West
Indies at Mona for Digital Jam 3.0 ‘Get Up,
Start Up,’ on March 1-2. The juried Mobile
Apps competition was the culmination of
months of preparation by more than 50 teams
of young programmers competing for an
assortment of prizes, including a top prize
of USD10,000. Read more...
“Oscars” for the “Digital Jam 3.0 Mobile Apps” Competition announced
3 March 2014
While several films competed for the Oscars in Hollywood, "Crimebot" a mobile App to map crime hotspots and notify users of crimes happening nearby, won the Grand Prize at the Digital Jam 3.0 competition. "Crimebot" was one of 160 finalists from the Caribbean region that were celebrated last night at the closure of "Get up, Start-up" conference in Kingston. Read more...
Caribbean Climate Innovation Center launches in Trinidad
28 January 2014
The Caribbean Climate Innovation Center
(CCIC)—a hub designed to help clean
technology ventures transform the region to a
low-carbon economy and create green jobs—
has launched in Freeport, Trinidad & Tobago.
The business hub is now accepting applications
for grants of up to $50,000. Read more...
Diaspora Investing: The Business and Investment Interests of the Caribbean Diaspora
12 December 2013
A new report by infoDev finds that the
Caribbean diaspora is a sizeable, well-
educated, and affluent demographic whose
large majority is interested in investing in its
countries of origin. Supported by the right
incentives and policies, diaspora members
could play an even larger role in contributing
to the region’s development. Read more...
Digital Jam goes regional
26 November 2013
Digital Jam 3.0 “Caribbean Edition”,
which builds on the success of last year’s
Digital Jam 2.0, has announced the opening
of its new App competition and a series of
hands-on training and workshops to link
Caribbean youth with digital work opportunities
around the globe. Read an article about the
launch, or view the press release.
A mobile app that could save your life in a hurricane
7 November 2013
A Trinidad and Tobago duo won $10,000 in
funding and mentoring for an app to help relief
efforts following natural disasters. The award
was won through the VentureOut Challenge, a
competition that aims to promote international
technical collaboration and innovation. Read
Enhancing the innovation ecosystem in the Caribbean
10 October 2013
The Entrepreneurship Program for Innovation in
the Caribbean (EPIC) conducted its first high
level forum for policymakers and other
innovation ecosystem stakeholders in the
Caribbean last week. Twenty-seven participants
from eleven Caribbean countries took part in the
three-day forum, which was designed to increase their understanding and know-how of the business incubation process. Read more...
VentureOut announces three finalists from Caribbean
1 October 2013
Three Caribbean startups have been selected by the VentureOut Challenge—an initiative of infoDev and CRDF Global—to compete before a live audience and a panel of mobile experts in Chisinau, Moldova on November 1, 2013. The VentureOut initiative brings infoDev's global network of business incubators to help mobile app entrepreneurs to expand internationally. Read more...
infoDev debuts a new study on the state of financing for highly innovative, high growth start-ups (HI start-ups) in Vietnam, Cambodia and Nepal. The study provides a critical knowledgebase on the landscape in financing in these countries, details major gaps and associated barriers faced by these enterprises in accessing finance and offers recommendations to reduce the associated impediments.
infoDev's new Guide for Creating Your Own Angel Investor Group aims to educate entrepreneurs and angels from around the globe. It offers hands-on examples, such as financial worksheets, application forms, term sheets, contracts, and checklists that may be used as templates. The publication is a substantial update of the original Kauffman Foundation’s 2004 guidebook, which targeted a U.S. audience. This international edition is written specifically for newcomers to angel investing, and highlights the successes and challenges of angel groups in emerging and frontier markets.
infoDev’s latest Annual Report highlights all the projects and activities implemented to support the high-growth oriented entrepreneur and the innovative enterprise. These are the ones who can scale up, create jobs, and positively impact their communities. Thanks to generous donor contributions and effective collaboration with the World Bank Group, over the past two years, infoDev has seen a tremendous expansion in operations, into more than 100 countries.
A new report by infoDev finds that the Caribbean diaspora is a sizeable, well-educated, and affluent demographic whose large majority is interested in investing in its countries of origin. Supported by the right incentives and policies, diaspora members could play an even larger role in contributing to the region’s development.
At a series of highly interactive panels on November 18 and 19, infoDev staff showcased key outcomes of the last three years in mobile innovation and agribusiness entrepreneurship, led other practitioners in project design workshops, and outlined a vision for promoting innovation activities within the World Bank and beyond.
On November 18 and 19, infoDev will host a workshop to discuss how to successfully foster innovation and promote entrepreneurship in developing markets. Specifically, the two-day forum will explore the role of the development community in promoting start-ups and new ventures, the levels of risk associated with supporting innovation, and infoDev’s contribution to the World Bank Group’s strategies and operations in the mobile and agribusiness sectors — for more information on the workshop’s sessions, see the agenda below.
Thirteen outstanding Saudi trainers were certified by infoDev to deliver its Business Incubation Management Training Program. They were awarded their certificates at the 5th Annual Saudi Technology Incubation Conference in Riyadh, Saudi Arabia. They will now provide training to other Saudi incubator managers across the country.
The latest report by infoDev, Crowdfunding’s Potential for the Developing World, finds that by leveraging technology, crowdfunding can serve as an enabling mechanism for new venture formation, job creation, and inclusive economic growth. This infographic highlights interesting facts and figures from the report.