World Bank Initiative Targets ABIA Support

ABIAAntigua St. John's - The World Bank-subsidised Caribbean Climate Innovation Centre (CCIC) has recognised its partnership with the Antigua & Barbuda Investment Authority (ABIA) as a major reason for the “overwhelming response” to the initiative locally.

The sustainable entrepreneurship programme selected ABIA as the local hub for its CCIC Proof of Concept (POC) Grant Funding Scheme in April, signing a memorandum of understanding (MOU) between the two entrepreneurship promotion organisations.

Due to the Authority’s participation and outreach, Antigua & Barbuda’s submission rate rose significantly - from one submission to 28 within a two-week period.

A recent CCIC communiqué lauding the success of the programme, with 300 submissions from 14 CARICOM countries, listed Antigua & Barbuda as one of the countries exhibiting “high engagement”.

CCIC administrator Tamara Lee said she is impressed with the Authority’s work.

“Doing the groundwork in Antigua & Barbuda by signing the MOU with ABIA certainly added to the success that we had,” Lee said. “The organisation helped us to get word of the grant out to the people of the nation, and also assisted residents.”

She added, “This goes to show the Caribbean, and indeed Antigua & Barbuda, have innovative green ideas and are ready to develop projects that combat climate change.”

ABIA Director of Enterprise Development Jacqueline Yearwood said the Authority is dedicated to continued outreach and disseminating grant information to the people of the nation.

“We at ABIA are pleased with the response, and very proud of the Antiguan & Barbudan entrepreneurs that applied,” Yearwood said. “We endeavour to expose the nation’s residents to as many of these groundbreaking, and might I add, lucrative grants as possible.”

The CCIC Proof of Concept (POC) Grant Funding Scheme offers funding up to US$50,000 to entrepreneurs in CARICOM countries with projects or prototypes geared toward environmentalism. Grantees are slated to be announced in June.

Reporting by Caribarena news, publishing by Ofer Shaked.

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