Young aspiring entrepreneurs in Barbados and across the region will have another chance to participate in the Caribbean Innovation Challenge, an initiative that
a United Nations (UN) official said was particuarly important at this time given the increase in job losses.
The second edition of the entrepreneurship competition and business start-up accelerator for young people in CARICOM member states was launched earlier today
at UN House, Hastings, Christ Church.
“It is clear that we need to overcome current levels of unemployment through job creation that not only absorbs the unemployed but also new entrants to the labour market – young people,” said resident representative of the United Nations Development Programme (UNDP) Lara Blanco.
“I call on each of you to work with us to create an environment that supports these young entrepreneurs. Let us pursue an ideal where entrepreneurship will be a means of economic empowerment for young people and contribute to the development of their countries, and of addressing the high levels of youth unemployment across the region.”
Project coordinator Janine Chase said there would be a bigger online presence in the challenge this year.
“We are stressing the importance of entrepreneurship and I know that we will continue to grow and develop. This year the presentations will be online and we will have over 250 online judges,” she said.
Registration for the challenge opened today and runs until February 2015. The award ceremony will take place in June 2015.