Published: February 24 2011
BarbadosWednesday, February23, 2011 –
The Embassy of the United States
of America to Barbados and the Eastern Caribbean today announced a new US$1.35m
(BD$2.7m) entrepreneurship initiative with the University of the West
Indies-Cave Hill and Indiana
The multi-year Job Opportunities for Business Start-up (JOBS)
initiative is aimed at supporting the growth of an entrepreneurial culture and
diversifying the service oriented economies of Barbados and the Eastern
Caribbean. JOBS will be coordinated by
the U.S. Agency for International Development (USAID)/Barbados and Eastern Caribbean
and Higher Education for Development (HED).
JOBS will strengthen the University of the West Indies-Cave
Hill School of Business’s Centre for Enterprise and Entrepreneurship as the hub
for innovative business training and growth in the Eastern Caribbean.
Indiana University Bloomington has been selected to partner
with the Cave Hill School of Business under JOBS to cultivate an
entrepreneurial mindset in the region through updated degree and certificate
programs focused on alternative energy initiatives, high-tech ventures, social
entrepreneurship, and entrepreneurship in cultural industries.
USAID’s Representative in Barbados James Goggin, expressed
his delight for the program: “A keystone of USAID’s cooperation program for
Barbados and the Eastern Caribbean is to advance economic development through
entrepreneurship. We are excited and
honored to be forming this new partnership with the University of the West
Indies and its Cave Hill School of Business and Indiana University which will
combine the energies of our three institutions to address the challenge of
creating new business opportunities in Barbados and its neighboring countries,
especially for Caribbean young people.”
The JOBS initiative stems from a worldwide USAID effort to
promote post-secondary skills training. Many technical and vocational community
colleges and higher education institutions in the United States have business
schools and centers that are actively linked to industry and corporations. The
support of academic and business communities in Barbados will facilitate a
strong foundation for graduates having an entrepreneurial spirit, regardless of
their area of study.
“So often, we hear about youth building our future. The JOBS
initiative is an investment in that idea. Education coupled with practical
internships and mentoring from the business community can nurture the
entrepreneurial spirit of students and young working professionals,” said HED
Executive Director Tully Cornick.
This award of US$1,350,000 is funded by the U.S. Government
through USAID/Barbados and Eastern Caribbean, and managed by HED.