Caribbean Businesses Urged To Compete For Grants

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News Americas, WASHINGTON, D.C., Fri. July 22, 2011: Caribbean entrepreneurs interested in expanding their businesses are being urged to apply for grants.

Compete Caribbean, a five-year Caribbean private sector development program, is targeting 15 Caribbean countries and Caribbean-based firms can benefit from non-repayable grants ranging from US$100,000 to US$500,000.

Projects must be innovative and commercially viable and will be selected based on a competitive bidding process and firms must present a project idea that meets the challenge advertised. Only the best project ideas will be selected.

The Compete Caribbean program is a new and innovative approach to private sector development that collaborates with governments and private sector groups across the region to improve the competitiveness and economic growth in the 15 countries.
The program has been jointly funded by CIDA, DFID and IDB to help governments structure and coordinate their support framework for private sector development, update and create knowledge, and directly help firms and clusters innovate and grow.

Apply at