2015 Intake For CARIRI Business Hatchery To Begin Soon
In 2013, The Caribbean Industrial Research Institute (CARIRI) launched a new arm of operation at Innovation Drive, Freeport aptly named the Centre for Enterprise Development (CED). The primary aim of this Centre is to facilitate Research, Development and Innovation. Ancillary objectives include capacity building through business creation and expansion through the Business Incubation process.
One of the ongoing programmes at the CED is the Business Incubator. The Business Incubator is a 12-month business development support programme which provides a world class business growth ecosystem to Micro Small and Medium Enterprises (MSMEs) with an impressive quantum of assessed potential to grow, particularly in export markets.
In mid-2014, the CED further launched a Business Hatchery programme. Designed to reach all candidates regardless of the selected commercial sector, the Business Hatchery programme offers an unmatched curriculum, best-in-class resources and an exciting facilitative process. At the end of the programme, participants can either launch their own business or advance to the Business Incubator.
The duration of CARIRI’s Business Hatchery programme is 3 months. The Programme is designed to bridge the gap between proof of concept and commercialization. Supported by CARIRI’s staff and a mix of consultants and mentors, the programme furnishes participants with key insights, perspectives and business tools to ensure successful completion of the programme.
Participants in the Hatchery Programme will benefit from a full complement of workshop sessions, hands-on-research, and coaching and mentorship opportunities. A strong peer network, technical experts and a growing alumni network also provide pivotal support.
Participants can expect to move forward with a fully functional business model as well as a strong appreciation of business fundamentals at the end of the 3 month period.
Last year, the first intake of 20 Hatchery clients drawn from 13 diverse enterprises completed this programme. It is anticipated that the next intake will commence in March 2015 and the Business Hatchery is currently accepting new applicants for this programme.
To derive maximum benefit from CARIRI’s Business Hatchery Programme, you must be prepared to make a solid commitment to attend workshops and seminars and be keen to establish a business. We look forward to welcoming Business Hatchery applicants with a strong entrepreneurial drive and vision.