ISL supports start-ups

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ISL supports start-ups

(GIS) – Invest Saint Lucia (ISL), the official investment promotion agency of the Government of Saint Lucia, recently accompanied the Saint Lucia Chamber of Commerce on a start-up mission overseas.

Last year, ISL proposed its support to start-ups and entrepreneurs via an incubator program. Recently, it met with the media to provide an update on the progress of the program, and to provide details of a “Get in the Ring Mission” to Portugal.

ISL’s Deputy Chairman, Jodi Boodhoo, facilitated the press conference.

“Invest Saint Lucia is considering a new initiative supporting start-ups and entrepreneurs via an incubator and accelerator program,” Boodhoo said. “In January, ISL published a call for expressions of interest via a survey, requesting micro and small businesses to indicate their interest in the proposed incubator program.”

The intention, Boohoo continued, is to formulate an incubator policy. ISL has sought to partner with various agencies, including the Saint Lucia Chamber of Commerce.

“At the invitation of the Chamber of Commerce, ISL accompanied the Chamber representative, Angela Joseph, and two local start-ups to a global pitching competition which was entitled Global Meet Up 2018. The event was hosted by the Dutch “Get in the Ring” founders, and took place in Cascais, Portugal, from May 30 to June 1.”

The event brought together 150 start-ups from all over the world, one of which was the winner of Saint Lucia’s “Get in the Ring” – the EZE Green Energy Company. The EZE Green Energy Company is working on establishing an enterprise that produces bio-fuel and washing detergent from waste edible oil. The other start-up participating in the Portugal mission was EcoCarib.

The Saint Lucia Chamber of Commerce, again, partnering with agencies such as Invest Saint Lucia, is gearing up for another round of “Get in the Ring” during Global Entrepreneurship Week in November.

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