2022 Caribbean Innovation Competition (Win Prize of US$5,000)

Are you seeking funds to take care of your tuition and other academic materials? If yes! hurry now and apply for the 2022 Caribbean Innovation Competition.

The CIC has supported the creation of 1182 business proposals in 20 countries involving 1373 entrepreneurs.

Basically, participants and finalists benefit from the program through access to Business network, Content & knowledge, Development markets, Finance sources & angel investors, and many others.

Therefore, this post, will give a brief description of the Caribbean Innovation Competition, the basic tips on how to apply, and also link you with the application form.

So, to get the most of this publication, ensure you read carefully.

About Caribbean Innovation Competition

The Caribbean Innovation Competition(CIC) started in 2012 as a part of the Youth-in-Initiative of the United Nations Development Program (UNDP) Barbados and the OECS.

It was designed and implemented, since its creation, by the Young Americas Business Trust (YABT), an International organization that promotes the economic and social development of young people through entrepreneurship, innovation, leadership, and active participation.

YABT works in collaboration with the Organization of American States (OAS) registered as a 501 c 3 non-profit in the District of Columbia.

The CIC follows the hemispheric model of the Talent and Innovation Competition of the Americas (TIC Americas), created in 2007 and operating on a yearly basis.

In 2015, in partnership with the Inter-American Development Bank (IDB) and The University of the West Indies, the CIC operated as part of the Caribbean Regional Entrepreneurial Asset Commercialization Hub (REACH).

What Is Caribbean Innovation Competition Benefits?

The participants will benefit the following;

  • If you make it to the finalist teams, you will receive a full scholarship to take part in the finals of TIC Americas/CIC.
  • The scholarship includes a round-trip flight ticket, travel insurance, hotel accommodation, full meals, and local transportation.
  • You will also have access to, training, mentorships, and networking sessions with YABT’s partners, which include multinational and government representatives, international media, investors, and a wide network of entrepreneurs in the Western Hemisphere
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Benefit for the winner at the Finals of TIC Americas 2022 include;

  • A US$5,000 prize is awarded to the winners;
  • This award shall be considered by winning teams as seed capital for their businesses or initiatives. The winners are responsible for all the taxes, financial fees, and any other commission related to the disbursement of Funds.
  • Every winner team receives one trophy, certificate, and other opportunities to be nominated as a Winning Team of TIC Americas, i.e., participation at International Events of the YABT/OAS, PepsiCo, and other partners’ events and conferences.

To get a more exciting scholarship offer like this at your fingertips, Install the Scholarship finder App on your mobile phone.

Who Is Eligible For The Caribbean Innovation Competition?

To qualify for this scholarship, you must meet the following requirements.

  • The CIC Teams may be comprised of a minimum of one and a maximum of ten members. If the Team consists of one member only, they will be holding the title of CEO.
  • Teams of two and more members should include the following roles: Chief Executive Officer and Chief Technical Officer
  • Teams registering for the CIC Awards must be citizens residing in a CARICOM Member or Associate State and have the minimum legally authorized age to start and operate a business in that country.
  • Any entrepreneur, 18-34 years old, may enter regardless of their level of education

Other requirements are;

Eligible Nationality

Eligible regions are citizens of the countries listed below.

Competition Theme

The theme for this year’s Caribbean Innovation challenge is Resilience and Climate Change.  To support the understanding of the reasons and effects of Climate Change through adaptation, mitigation, and prevention; with a focus on sargassum, natural disasters, and climate change.

How to Apply for Caribbean Innovation Competition

The application for this competition is online through the link below.

Click Here To Apply

You may also like to apply for other Ongoing International Undergraduate scholarships

Frequently Asked Questions For Caribbean Innovation Competition

How Much Is Caribbean Innovation Competition?

The finalist of this competition will get the sum of US$5,000.

Who is Eligible For Caribbean Innovation Competition?

The Carribeans are eligible for Caribbean Innovation Competition.

Conclusion

The Caribbean Innovation Competition program basically relies on a collaborative, regional support network of national partner institutions and stakeholders that have been supporting the CIC efforts from its beginning.

The network is confirmed by over 150 collaborators that include Governments, National Ministries, NGOs, private and public sector institutions, universities and young people in the countries participating.

In addition, there are many similar opportunities including scholarships abroad. So, you have to constantly visit our site in other to stay updated.

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