COMMISSION
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PRESENT BUSINESS MODEL COMPETITION
APPLICATION GUIDELINES EXTENDED DEADLINE: 29TH MAY 2020 Eligible Countries: Anguilla, Antigua & Barbuda, British Virgin Islands, Grenada, Guadeloupe, Dominica, Martinique, Monserrat, St. Kitts & Nevis, Saint Lucia, St. Vincent & the Grenadines, Jamaica, Trinidad & Tobago, Barbados, the Cayman Islands, Suriname and Guyana. The Organisa�on of Eastern Caribbean States (OECS) Commission invites; interested entrepreneurs to par�cipate in the inaugural Sustainable Development Movement (SDM) Business Model Compe��on 2020. 1.0 About the Sustainable Development Movement SDM 2020 The SDM 2020 is an inaugural Sustainable Development Movement Summit expected to a�ract over 700 delegates from across the Caribbean Region and interna�onally. Targeted a�endees include: interna�onal development partners, private sector, global entrepreneurs, Heads of Government, Academia, Investors, and persons who want to be great! The event is expected to reach over 30 million persons across the world via an aggressive social media marke�ng campaign. The event will create a common space where Interna�onal Development Partners, the Private Sector, Global Entrepreneurs, Academia, Caribbean Governments and individuals, to meet and exchange thoughts, best prac�ces, untold stories and strategies concerning sustainable growth and development. The event will also feature a pitch compe��on providing entrepreneurs the opportunity to pitch their business ideas to a panel of investors. 2.0 Scope of the Business Model Competition
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Based on consulta�ons with regional entrepreneurs and Business Support Organisa�ons (BSOs), to diagnose key issues affec�ng the scalability of start-ups in the entrepreneurship ecosystem, a number of challenges have been iden�fied. One of the most significant challenges facing entrepreneurs is access to experienced investors, coaches and mentors to guide them in scaling their opera�ons. This situa�on is further exacerbated by the onslaught of the COVID-19 global pandemic on the business sector, par�cularly micro, small and medium-sized enterprises (MSMEs). The pandemic and the mi�ga�on measures if con�nued over an extended period of �me threaten to render many business models obsolete and irrelevant. With this being said, the SDM Business Model Compe��on is not only relevant but �mely and forms part of the Commission’s response to strengthen the capacity of MSMEs as we assist with the recalibra�on of business models connected to a strengthened entrepreneurship support ecosystem. The OECS is therefore facilita�ng the opportunity for entrepreneurs to pitch their business ideas to investors.
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EMAIL: bizmodelcompetition@oecs.int - TEL: 1(758) 455-6370/54/89 - WEB: www.oecssdm.com