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The Government of St Vincent and the Grenadines will launch its first call for business incubators on Friday.

Business incubators are required to submit expressions of interest to provide business incubation services under the Business Incubation and Training Grants Programme launched on Sept. 9 under the theme “Building Capacity and Nurturing ICT Entrepreneurship”.

The Business Incubation and Training Grants Programme is part of the ICT-Led Innovation component of the Caribbean Regional Communication Infrastructure Program (CARCIP), St Vincent and the Grenadines project.

To be eligible, the business must be registered and have a physical presence in St. Vincent and the Grenadines. The services to be offered by the incubator could be virtual, or residential, or both. Businesses must also have a suitably qualified and experienced business incubator manager and support staff.

A business incubator is expected to be an organization designed to accelerate the growth and success of entrepreneurial companies through an array of business support resources and services that could include physical space, capital, coaching, common services and networking connection.

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For more information, interested applicants can contact the CARCIP Office located on the 4th Floor of the CLICO Building in Kingstown at telephone number 456-1223 or email [email protected].

Selection would be based on the criteria set out in section 4.3 of the Business Incubation and Training Grants Manual, July 29, 2014.

CARCIP SVG is a project implemented by the Central Planning Division and coordinated by the Ministry of Foreign Affairs, Foreign Trade, Commerce and Information Technology.

It is a regional initiative that involves St. Lucia, Grenada and St. Vincent and the Grenadines and financed through a loan by the World Bank.