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Enterprise Innovation Challenge Fund

Enterprise Innovation Challenge Fund

The EICF epitomizes the intensity of Compete Caribbean’s commitment to the development of the region’s private sector. It is a competitive mechanism to provide financial support (through non-reimbursable grants) to the Caribbean private sector to pursue innovative projects in the region.

The Fund provides support for innovation activities through two thematic windows: The Innovation Window, which provides funding to firms and entrepreneurs to take a chance on an innovative, risky business idea in an attempt to improve the revenue performance and competitiveness of the firm and the Support to Clustering Initiatives Window, which provides support to a collective, either horizontally aligned or vertically integrated to pursue an innovative business idea with direct benefits to all parties involved.

Both windows are intended to positively impact the livelihood of the communities in which the businesses operate either directly or indirectly through increased employment and greater opportunities for income generation. The Fund is open to all who meet its criteria, and is promoted in the public domain and through targeted interventions at the local level.

Click Here to learn more about the INNOVATION WINDOW

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Enterprise Innovations Challenge Fund Projects

Caribbean Cluster Initiative for Animation Outsourcing and Intellectual Property Development (Project Type – Support to Clustering Initiatives)

To build the capacity of the Caribbean Animation Cluster to deliver world class animation services, and in doing so to establish the Caribbean as a competitive supplier of animation production and post-production services.

Cluster, Collaborate, Export and Thrive: The Growth of an Ornamental Fish Industry in Urban Communities in Jamaica (Project Type – Support to Clustering Initiatives)

To promote the Jamaica Ornamental Fish Cluster’s ability to efficiently deliver quality ornamental aquatic products to international buyers, at competitive market prices.

Strengthening Innovation and Entrepreneurship within the ICT/BPO Industry through Physical and Virtual Incubation (Project Type – Support to Clustering Initiatives)

To support the BPO cluster to position itself as a viable and competitive supplier of BPO services for near shore markets.

Grenada Hotel Cluster – Economic Recovery Programme (Project Type – Support to Clustering Initiatives)

To support the implementation of the Grenada Geotourism Destination Management Plan.

Establishment of the Pomeroon Export Producers’ Association (Project Type – Support to Clustering Initiatives)

To optimize the Virgin-Caribbean supply chain to provide for increased efficiencies, volumes, distribution, sales and exports of coconut water.