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Accelerate 20/20
Providing the resources and conditions to develop 20 fast growing companies that have the ability to earn or save significant foreign exchange through exports or import replacement.
Fifteen (15) companies in the BIDC’s certified exports database collectively contribute some 83.4% of total exports ($333 million for 2018). This group represents traditional areas of domestic exports; rum, food, metal cans, cement, oil, printed labels, chemicals and electronics.
There is a need to accelerate the growth of new high potential areas for enterprise, increase the number of exporters and enhance the capacity of existing exporters to significantly increase their export earnings.
Increased exports and import replacement earns and saves foreign exchange for Barbados.
High growth exporting and import replacement companies stimulate the economy though inflows of investment and employment.
This initiative prioritizes the needs of enterprises that can have the greatest impact on the growth of Barbados’ economy.
Participants in Accelerate 20/20 gain priority access to
Financial
Grants
Capital
Investment
Research & Development
Product
Development
Business
Development
Brand & Market
Development
Product
Testing
Investment
Pitch Training
Export
Training
Legal & IP
Training
Expert advisory & Support
& More
Is Accelerate 20 / 20 for You?
Calling all high-potential businesses that are ready to gear up
Grow faster - Import Replacement
If you are looking to develop your business at a scale, cost and quality that can save foreign exchange through import replacement
Go further - Export Development
If you are looking to develop your business specifically for high/higher-earning exports
Renewable Energy
Health & Wellness
Medical Research
Culture & Entertainment
Software Development
Climate Resilience Solutions
Robotics
Blue Economy Products/Services(Ocean/Beach
Content Marketing
Barbados Lifestyle Brands/Products/Services
Priority Areas
Innovativeness
Marketability
Accessibility
Quality & Desirability
Suitability to create a strong, mutually beneficial cohort of companies with complementary focus areas
A shortlist of 20 participants will be selected for Accelerate 2020 These participants will receive a combination of services customized for their exponential growth and development
How to enter
Click here to fill out the application form. Do make sure to upload your financial statements for the past 2 years and projections for the next two years.
Remember
Your business should have the capacity to satisfy significant customer demand or generate revenue earnings through exports or import replacement.
