The Caribbean Innovation Competition (CIC) is an international competition and business start-up accelerator for entrepreneurs in REACH* Participating Countries and other CARICOM Member and Associate States. Organized by the Young Americas Business Trust (YABT), in collaboration with REACH regional and national partners, the competition acts as a support platform for entrepreneurs to transform their intellectual ideas into profitable business models through the commercialization of Intellectual Entrepreneurial Assets (IEAs) in the Caribbean. The CIC will connect entrepreneurs with mentors, additional resources and online training throughout the process.
The CIC, as part of the of the Talent and Innovation Competition of the Americas (TIC Americas) - the most recognized Hemispheric Competition supporting entrepreneurs for over a decade - goes beyond traditional similar programs by incorporating training and mentoring as a “before” stage and follow-up, investment linkages and promotion opportunities as an “after” stage.
The Caribbean Regional Entrepreneurial Asset Commercialization Hub (REACH), is an IDB funded regional technical cooperation project, executed by the University of the West Indies (UWI) . REACH is aimed at building the commercialization capabilities of competitively selected Caribbean entrepreneurs and firms.
The REACH Project is comprised of three components, namely, (1) Landscape Analysis and Survey (2) Stakeholder Sensitization and (3) Building Commercialisation Capabilities for Public and Private Stakeholders in relation to technology commercialization, the creative industries and product branding.
The executing agency for the project is the University of the West Indies (UWI); the sub-executing agency is YABT. Other partner sinclude the World Intellectual Property Office (WIPO), Compete Caribbean (CC), Steering Committee Members, among other national partners.