Kingstown, March 9, 2015: The Government of St Vincent and the Grenadines is inviting local businesses to submit expressions of interest to provide incubation services as it seeks to develop Information and Communications Technology (ICT) innovation in this country.
This initiative, which is part of the Business Incubation and Training Grants Programme, falls under the ICT-Led Innovation component of the Caribbean Regional Communication Infrastructure Program (CARCIP), St Vincent and the Grenadines project.
To be eligible, the business must be registered with the relevant authorities and have a physical presence in St. Vincent and the Grenadines. They must also have a suitably qualified and experienced business incubator manager and support staff. The services to be offered could be virtual or residential or both.
A business incubator is expected to be an organization designed to accelerate the growth and success of entrepreneurial companies through an array of business support resources and services that could include physical space, capital, coaching, common services and networking connection.
CARCIP SVG is a project implemented by the Central Planning Division and coordinated by the Ministry of Foreign Affairs, Foreign Trade, Commerce and Information Technology. It is a regional initiative that involves St. Lucia, Grenada and St. Vincent and the Grenadines and financed through a loan by the World Bank.