SDM Business Model Competition

The deadline for the SDM Business Model Competition was extended to facilitate applications from the Cayman Islands, Suriname and Guyana. Entrepreneurs who already submitted applications from the OECS Members States, Jamaica, Trinidad & Tobago and Barbados do not need to reapply. The competition will not be accepting additional applications from entrepreneurs in these countries during the extended period.

About the OECS Republic Bank Business Model Competition

The Organisation of Eastern Caribbean States (OECS) Commission invites growth-oriented, innovative and opportunity focused entrepreneurs from the Eastern Caribbean, Jamaica, Trinidad & Tobago, Barbados, the Cayman Islands, Suriname and Guyana to participate in the inaugural OECS Republic Bank Business Model Competition 2020.

Based on consultations with regional entrepreneurs and Business Support Organisations (BSOs), to diagnose key issues affecting the scalability of start-ups in the entrepreneurship ecosystem, a number of challenges have been identified. One of the most significant challenges facing entrepreneurs is access to experienced investors, coaches and mentors to guide them in scaling their operations. This situation is further exacerbated by the onslaught of the COVID-19 global pandemic on the business sector, particularly micro, small and medium-sized enterprises (MSMEs). The pandemic and the mitigation measures if continued over an extended period of time threaten to render many business models obsolete and irrelevant. With this being said, the OECS Republic Bank Business Model Competition is not only relevant but timely and forms part of the Commission’s response to strengthen the capacity of MSMEs as we assist with the recalibration of business models connected to a strengthened entrepreneurship support ecosystem. The OECS is, therefore, facilitating the opportunity for entrepreneurs to pitch their business ideas to investors.

Why Should You Apply?

  • Get connected to a virtual capacity building programme that will be delivered through: war rooms, webinars, coaching sessions, pitchroom, demo days and virtual co-working hubs. The programme will focus on Marketing and Branding, Pitch Deck Preparation & Delivering the Ultimate Elevator Pitch, Financial Literacy and Management, Business-Matchmaking, Corporate Governance & Leadership and the Entrepreneurial Mindset
  • Finalists will get an opportunity to pitch to a panel of investors during the SDM Pitchroom that will be Hosted by Daymond John, Star of ABC's Shark Tank and CEO of the Shark Group
  • Access to sectional prizes of up to USD 20,000
  • Free entry to the Caribbean's largest Sustainable Development Movement Summit scheduled for September 23-24, 2020 (conditions apply)
  • Among others...

About the Application Process

Before applying, download and read the Application Guidelines carefully and ensure that you comply with the application guidelines and meet the criteria.

The Application deadline is May 29, 2020. Apply early and ensure that you meet all the requirements before submitting the application.

Click Here to Apply

For more information contact:

OECS Commission
Morne Fortune
St. Lucia
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: (758) 455 6382 / 6370 / 6389

Posted: 19/05/2020

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