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
Research & Development
Brand & Market
Legal & IP
Expert advisory & Support
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
Health & Wellness
Culture & Entertainment
Climate Resilience Solutions
Blue Economy Products/Services(Ocean/Beach
Barbados Lifestyle Brands/Products/Services
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.
Your business should have the capacity to satisfy significant customer demand or generate revenue earnings through exports or import replacement.