Crowdfunding has never been so satisfying!
Project X is an initiative of the Barbados Entrepreneurship Foundation, a charitable non-governmental organization focused on the development of a sustainable entrepreneurial culture in Barbados, for which Bitt Digital Inc. is the title sponsor and technology partner.
- a collaborative space
- a democratic experiment in micro-funding
- a forum for critical but accessible discussion
- a platform for connection and the exchange of ideas
- a way to support entrepreneurs and MSMEs in Barbados
- an opportunity to learn about innovative business solutions
Through the collaborative efforts of these entities and their other strategic partners, it is expected that outcomes from Project X will include:
Access to micro-funding
given that innovative businesses/projects will have an opportunity to obtain small grants based on support from fellow entrepreneurs and MSMEs.
Exposure to innovative digital payments solution
such as its mMoney Wallet and Merchant/Teller applications which will be the method of payment for all Project X contributions.
Business mentorship and networking
by serving as a safe space within which to build relationships with like-minded individuals and support one another not just financially but through feedback on specific ideas.
via which attendees can make further contributions so that each presenter (and even other attendees) can leave the event with support, ideas, volunteers and/or community resources to advance their business/project whether or not they get the most votes.
Access to additional training and development
through sensitivity to the existence and efforts of the Barbados Agency for Micro Enterprise Development Limited (FundAccess), Barbados Coalition of Service Industries (BCSI), Barbados Investment and Development Corporation (BIDC), Barbados Manufacturers Association (BMA), Barbados Youth Business Trust (BYBT), Small Business Association (SBA), Student Entrepreneurial Empowerment Development Project of UWI (SEED), Ten Habitat and the Youth Entrepreneurship Scheme (YES) pursuant to a signed memorandum of understanding among them.
Facilitation and encouragement of MSME B2B
by bringing entrepreneurs and MSMEs together in one room and encouraging them to work together and form business-to-business (B2B) arrangements that can help to grow one another.