The Government of Saint Lucia, through the Caribbean Regional Infrastructure Programme (CARCIP), on Tuesday, April 8, 2014, officially launched an EC $2.5 million grant instrument to support ICT Business Incubator Services and Training.
Funds allocated for the Business Incubator Services component will support government’s efforts to nurture local innovation by providing financial support to technology-based small to medium sized enterprises.
The aim is to develop a more sustainable entrepreneurial base by providing financing for business development activities aimed at promoting the creation of an ICT-enabled industry.
CARCIP will partner with agencies such as the Ministry of Commerce, Business Development, Investment & Consumer Affairs and the Trade and Export Promotion Agency (TEPA), which will assist with the provision of business support services, mentorship and business counseling for the target beneficiaries.
The training grants component will complement on-going efforts by government to prepare the youth for the job market. The project will provide resources to train and certify youth in IT-related skills – e.g. software/apps development, database management and web development.
The training will be market-driven and accredited at the regional and international level. The training programmes will be implemented in collaboration with the TVET Unit of the Ministry of Education, Human Resource Development & Labour.
Further information on eligibility and selection procedures for the Business Incubator and Training Grants will be made public in the coming days. The public is encouraged to remain alert and take advantage of the opportunity.
CARCIP is currently being implemented by the Division of Public Sector Modernization, Ministry of Public Service, and Information & Broadcasting.
For more information visit the CARCIP website, www.carcip.gov.lc.