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.
Enterprise Innovations Challenge Fund Projects
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.
To promote the Jamaica Ornamental Fish Cluster’s ability to efficiently deliver quality ornamental aquatic products to international buyers, at competitive market prices.
To support the BPO cluster to position itself as a viable and competitive supplier of BPO services for near shore markets.
To develop the internal capacity, market orientation, competitive pricing and market focus, for a high quality community tourism experience that is centered on the unique Maroon culture, to enable the enhanced penetration of high-yield, cultural and nature tourism market segments in targeted export markets.