Local businesses to benefit from regional grant funding

Local businesses and non-governmental institutions now have the opportunity to each benefit from up to $150,000 in funding.

The grant, which is being administered under the ICT-led Innovation component of the Caribbean Regional Communications Infrastructure Programme (CARCIP), St Vincent and the Grenadines, was launched on January 6, 2015, and is intended to deliver training [to businesses] that will “enhance the skill set of their employees.”{{more}}

Businesses and non-governmental institutions that wish to apply for funding must fall within the private sector, be legally registered in SVG, be legally and financially autonomous, operate under commercial law, and not be dependent on the Government for any financing.

Additionally, the business/non-governmental institution may partner with another business for the purpose of this particular project; however, the lead organization must be legally established locally.

The grant, which will be administered under the Business Incubation and Training Grants Programme, is intended for ICT-related training – with a minimum of 15 persons to be trained – and must be completed within the timeframe specified by the call parameters.

The business/non-governmental institution must also be operating within one of the following “priority” areas: Tourism, ICT, Agriculture and Fisheries, Financial Services, Manufacturing, Health and Wellness, and the Creative and/or Cultural industries.

The application period for funding will end on Friday, February 6. The application procedure booklet and application form is available to download from www.carcipsvg.gov.vc.

For more information, contact the Ministry of Foreign Affairs, Foreign Trade, Commerce and Information Technology via email carcipsvg@gov.vc, telephone (784) 456-1223, or visit the office located on the fourth floor of the CLICO Building in Kingstown.