Barbados firms and entities with projects here are being given an opportunity to access millions of dollars in investment.
The Barbados-base Caribbean Export Development Agency has launched a call for projects seeking capital investment ahead of the Caribbean Investment Forum (CIF), which is scheduled to be held from October 23 to 25 in the Bahamas.
Large projects with national or regional reach that need capital investment exceeding US$1 million, and are in agricultural technology (AgTech), logistics and transport, information communications technology (ICT), and renewable energy are being targetted for the potential investment.
Small or medium-sized enterprises will also be able to access at least US$500 000 to implement projects in the same named sectors.
Caribbean Export said at CIF2023 there will be investment villages to unlock potential investments.
“The investment villages are a major component of CIF and will be a focus of the international communications campaign to attract investors and businesses to the event. CIF2023 will host four investment villages, each focused on one of the key sectors (AgTech, ICT, renewable energy and logistics and shipping) and provide a platform for large-scale bankable projects to be presented to the attending investment audience,” it stated.
“At CIF 2023, approved projects will be afforded the opportunity to present investment projects to investors at these themed investment villages that will take place on each day of the event.
“CIF will have vetted investors from across the world with an active interest in developing partnerships and investing in projects in the Caribbean, providing an unprecedented opportunity for interested businesses who are seeking to raise capital investments,” Caribbean Export added.
The organisation said that to be eligible for financing investment projects “should be bankable and would ideally have completed a feasibility study”.
“If not, Caribbean Export will provide support via the Investment Project Preparation Facility to prepare projects ahead of the CIF2023,” it stated.
Caribbean Export said CIF was intended to “accelerate the closure of the Caribbean’s investment gaps and ultimately transform the region’s economy by providing jobs and opportunities for its people”. (SC)
