Entrepreneur Review Confidence, Creativity, Opportunity: Driving Entrepreneurship Forward
December 2012 EDITION
YBTB & University of Belize host Entrepreneurship & Innovation Expo Youth Business Trust Belize in collaboration with the University of Belize (UB) for the first year on Tuesday, November 13, 2012 piloted an Entrepreneurship and Innovation Expo. This event was one of the highlights of Global Entrepreneurship Week 2012 that allowed the Innovation and Creativity participants, UB marketing students and, young entrepreneurs to showcase and highlight their products and services. (read more on page 3)
Promoting Entrepreneurship Among Primary Schools As part of this year's Global Entrepreneurship Week celebrations, Youth Business Trust Belize invited primary schools in Belize City to carry out activities that would promote and plant the seed of entrepreneurship in the students from that very young age. Four Belize City primary schools took on the initiative and organized different activities as part of the global celebration. Grace Primary School held a street festival with mini stalls allowing students to play the role of young business men and women selling a vari- Inside Issues: ety of products. Some of the products included fruit smoothies, pasGMâ€™s Greeting Pg tries, fry chicken, jewelry and, souvenirs among others.
Entrepreneurship & Innovation Expo Pg. 3
Other participating schools were St. John Vianney Primary School, St. Maryâ€™s Primary School, and Queen Square Primary school. At these participating schools students displayed their skills and creativity proving that though they are young, they possess entrepreneurial qualities and have the potential to become successful business men and women.
Launch of GEW Belize 2012
5th Annual General Meeting
Global Entrepreneurship Week 2012 Pg. 6 YBTB Young Entrepreneur
Greetings from the Manager Another year ended, Another Christmas to celebrate, Another New Year full of hopes and wishes… As we wrap up the year 2012 here at Youth Business Trust Belize, we are thankful for our partners, our supporters and our young aspiring Belizeans. Amidst a world full of crime, hate and violence we are still able to make a difference, still able to inspire hope, still very clear on just how important YBTB is as an avenue of opportunity and support to our young (potential) entrepreneurs. I would like to hail this year’s Global Entrepreneurship Week (GEW) Belize celebrations as the 2012 initiative that solidified YBTB’s mission “As the leading youth entrepreneurship organization in Belize, YBTB transforms young lives by cultivating their innovative ideas and investing in their enterprise capabilities contributing to socially responsible economic development.” Throughout this edition of the Entrepreneur Review, there are pictures and summaries of the hugely successful celebration of entrepreneurship, primarily youth entrepreneurship, which YBTB spearheaded this year. It was such an infectious feeling of joy, to watch young Belizeans of all ages pour themselves into their projects using their skills, creativity and innovativeness in a spirit of competition and for the promotion of entrepreneurship. This edition is a tribute to the enterprise capabilities of our youth! So, as the year 2012 draws to a close and as the New Year dawns, I, on behalf of myself and our Board of Directors, invite all Belizeans to join YBTB in the pursuit of its mission, let’s make youth entrepreneurship and the transformation of young lives a personal priority … Make supporting Youth Business Trust Belize part of your New Year’s resolution and in so doing contribute to socially responsible economic development in Belize. We must continue to drive entrepreneurship forward… Merry Christmas and may your New Year be joyous and prosperous!
Ms. Deanna Gomez General Manager Page 2
Entrepreneurship & Innovation Expo 2012 Continued from page 1â€Ś. YBTB sees the Entrepreneurship and Innovation Expo as an exciting way of not only promoting innovation and creativity but also planting the seed of entrepreneurship in our youth. The main focus of the event was to showcase the products created as part of the Innovation & Creativity Competition for High School aged students which is one of YBTBâ€™s signature events. National Winners of the Innovation and Creativity Competition 2012 are: (Cash prizes were sponsored by the Belize Tourism Board) 1st Place- Belmopan Comprehensive School-cash prize $650 2nd Place- Maud Williams High School-cash prize $450 3rd Place Toledo Community College-cash prize $250 The 2012 District Winners of the Innovation and Creativity Competition 2012 are: Belize District: 1st Place - Maud Williams High School 2nd Place - Edward P. Yorke High School 3rd Place - Young Women's Christian Association
Orange Walk District: 1st Place - ITVET O. W.
Cayo District: 1st Place - Belmopan Comprehensive School 2nd Place - Sacred Heart College 3rd Place - National 4H Youth Development Center
Toledo District: 1st Place- Toledo Community College 2nd Place - ITVET Toledo
Stann Creek District: 1st Place - Delille Academy
2nd Place - ITVET Stann Creek
Other prizes given for the competition were: The Most Functional Product-Anglican Cathedral College The Most Innovative Presentation - Edward P. York High School The Most Market Ready Product and The Pacesetter-National 4 H Development Center Winners of Entrepreneurship Booths were also awarded at the Expo and they are as follows: (prizes were provided courtesy of Habet & Habet, GS COM, Atlantic Insurance, Courts Belize, Maya Island Air)
Best Marketed Product -Ice Cream Gelato- Coby Tablet and Speaker and $50 gift Certificate Entrepreneurial Spirit/ Dynamic Presentation-Old Taste Home Style BBQ Sauce- $250 Cash Most attractive Booth Soapy Expression- $200 Cash The People Choice- Soapy Expression- two round trip tickets to San Pedro YBTB THANKS ALL SPONSORS, PARTICIPATING SCHOOLS, AND OTHER PARTICIPANTS FOR MAKING THIS A SUCCESS!
Launch of Global Entrepreneurship Week Belize Youth Business Trust Belize continues to build the spirit of entrepreneurship in Belize. On August 26th, 2012, Youth Business Trust Belize held the “Launch of Global Entrepreneurship Week Belize 2012 Campaign.“ The event was held in collaboration with the Belize Chamber of Commerce & Industry. The purpose was to launch the calendar of events for and leading up to Global Entrepreneurship Week 2012 (GEW) as well as to invite individuals and organizations to partner with YBTB for GEW. The Keynote speaker at the Launch event was U.S. Ambassador to Belize Mr. Vinai Thummalapally. The Ambassador took this opportunity to present YBTB with the Central America Regional Security Initiative (CARSI) Grant Funds for the Innovation & Creativity Competition project. The goal of this project is to increase economic opportunity through the cultivation of creativity and innovativeness in product design with a business focus. The project targets high school aged youths. Other speakers were YBTB’s Chairman, Mr. Shaun Finnetty, President of the Belize Chamber of Commerce & Industry, Ms. Kay Menzies and President of the University of Belize, Dr. Cary Fraser.
5th Annual General Meeting On August 30th, 2012 Youth Business Trust Belize held its 5th Annual General Meeting. The meeting commenced with remarks from the Chairman, Mr. Shaun Finnetty. Followed by a review and acceptance of the minutes of the 4th GM, and presentation of the 2011-2012 audited financials by YBTB’s treasurer. The General Manager, Ms. Deanna Gomez, went over the Year in Review which highlighted the year’s accomplishments and activities. The meeting concluded with the confirmation of Castillo Sanchez & Burrell as the auditors for the next fiscal year followed by a Cocktail.
Global Entrepreneurship Week 2012 Entrepreneurship Symposium Youth Business Trust Belize in collaboration with the University of Belize (UB) held its third annual ENTREPRENEURSHIP SYMPOSIUM. Dr. Wilma Wright, Interim Provost at UB gave the welcome address and the keynote address was given by Hon. Santiago Castillo, Minister of State in the Ministry of Finance & Econ. Development. The Symposium featured a panel of entrepreneurs from the various business sectors. The entrepreneurs spoke to their successes & challenges and shared their overall journey to enterprise. The panelists were: (from left to right) Mr. Javier Basto owner of Basto’s Plantain Chips, Ms. Melonie Gillett, Artist/Entrepreneur, Ms. Jenna Ferguson, owner of Faith n Fitness Club, and Mr. Andre Perez, owner of Casa Pan Dulce. The second panel discussion focused on the micro finance landscape in Belize. Representatives from the participating organizations spoke to the services, opportunities & support offered to entrepreneurs and, overall challenges faced by these micro-financing institutions. Institutions represented were: Youth Business Trust Belize, Belize Enterprise for Sustainable Technology, La Immaculada Credit Union, and Belize Rural Finance Program. Youth Business Trust Belize thanks all entrepreneurs, potential entrepreneurs, panelists, the business community and, the general public who participated in this year’s Entrepreneurship Symposium which was held on November 15th, at the Jaguar Auditorium, UB, Belmopan Campus.
Happy Hour Business Mixer Youth Business Trust Belize in partnership with the Radisson Fort George Hotel & Marina held a HAPPY HOUR BUSINESS MIXER at the Stone Grill on November 16th, 2012. Business institutions, entrepreneurs and, the general public were invited to be a part of this networking opportunity held in celebration of Global Entrepreneurship Week Belize 2012. Attendees had the opportunity to give sales pitch and network. There were give-aways courtesy of the event sponsors: Radisson Fort George Hotel, Bowen & Bowen Ltd., Traveler’s Liquors. Live entertainment was provided by MJ’s Vibration Band. Page 5
Creative Business Cup Youth Business Trust Belize presents the winners for the Creative Business Cup Competition 2012. Youth Business Trust Belize in collaboration with the Institute of Creative Arts, hosted for the first time the “Creative Business Cup” Competition. The “Creative Business Cup Competition” is an international business planning competition that focus on the creative industries. Through this competition, YBTB and ICA hoped to improve the business skills and the willingness of artists to see the cultivating of their talents in a more business like manner. By taking part in this competition, entrepreneurs were able to increase their ability to successfully start up a company based on their creative competencies.
1st Place Winner : Luna Maya Cultural Events & Dance Prize: $1,100 Cash 6 Month Business Mentoring
2nd Place Winner : Determined to Hustle Recording Studio Prize: $900 Cash 6 Months Business Mentoring Youth Business Trust Belize takes this opportunity to thank the Institute of Creative Arts & NICH for partnering with us in piloting event.
Young Entrepreneur Meet
“Ascenthium Rock Band” Cesar Gonzalez, Lead Guitarist, Ascenthium “We are a rock band and we are trying to introduce rock to Belize, but the way we are trying to do it is different from other rock bands. We started off with acoustic guitars to show what we actually have and then slowly advanced to a few other members—we included electric guitars. We didn’t go straight into hard rock. We provided smooth sultry music so that people could listen to the soft side of us.
Dina Halsall, Bassist, Ascenthium “I think it is about time for people to recognize that rock music is a genre in the country and it’s been here for a while. I mean in Orange Walk, in Corozal, in Cayo, people listen to it; they really enjoy it. And I think it needs to be put out there in a way that people can swallow it but at the same time with the depth that it actually carries.”
With assistance from Youth Business Trust Belize, Ascenthium Rock Band was able to acquire new instruments. Ascenthium Rock Band recently won Channel 5’s “Be the Next Superstar”. Ascenthium Rock Band #4 Fort Street, Belize City 667-1868 email@example.com
We Welcome Ascenthium Rock Band to the YBTB family! Page 7
This newsletter composed and compiled by the staff of YBTB For additional info, please contact us at 227-1356 or firstname.lastname@example.org WWW.YOUTHBUSINESS.BZ
57 Cor Albert/Prince Sts Suite 2, 2nd Floor Doonyâ€™s Bldg Belize City, Belize 227-1356/227-9282