Invest Saint Lucia to introduce business incubator and accelerator programme

Invest Saint Lucia is today one step closer to the launch of a Business Incubator and Accelerator Programme, designed to foster greater entrepreneurship on the island, through effective nurturing, mentorship and direct access to markets. 

Representatives from several local government agencies, banking officials, young entrepreneurs and other key stakeholders, met at the Coco Palm Resort on Tuesday July 9th, 2019 to further concretize the programme and agree upon the ideal framework to guide entrepreneurs seeking to establish successful businesses in the near future. Discussions were led by the international consultants on the project, CREEDA Projects, headed by Julian Webb and Thea Chase.

Speaking at the gathering, Enterprise Development and Consumer Affairs Minister, Bradley Felix noted that the Government of Saint Lucia through Invest Saint Lucia (ISL), is embarking on strengthening the entrepreneurship ecosystem with the introduction of the business incubator and accelerator programme. 

A key element of a Business Incubation and Acceleration Programme is that of an incubator space.  According to CEO of Invest Saint Lucia, Roderick Cherry “we are now in the final stages of designing an accelerator and incubator program which is expected to be completed by December 2019.  

This will provide start-ups and existing small businesses with a variety of business support services to further improve business operations”.