Business plan

Ten women vying for cash prizes in business plan competition – Searchlight

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Keisha Phillips

Ten companies will compete next week for cash prizes in a business plan competition organized by the Center for Enterprise Development Inc (CED) and the Taiwan Technical Mission under the Women’s Empowerment Project .

The competition is the final activity of the project’s first cohort, which ran from August to December 2021, according to a CED statement.

The project was developed by the Government of the Republic of China (Taiwan) to help its Caribbean and Latin American allies boost their economies after the impact of the COVID-19 pandemic. It aims to strengthen women-owned businesses by providing financial assistance and capacity building opportunities.

The women will present Friday, March 4, 2022 before a panel of judges at Kingstown Baptist Church. Three of the 10 female entrepreneurs will each walk away with cash prizes of EC$26,000 which they will use to improve and grow their businesses.

Meanwhile, the deadline to apply for a place in the second cohort of WEP-SVG is 4:00 p.m. on Monday February 28 and project coordinator Keisha Phillips reminds potential applicants that late applications will not be accepted.

“…This is an opportunity for you to improve your business management skills as an entrepreneur and also to possibly obtain financial assistance; plus it’s a chance for you to improve your livelihood,” Phillips said.

“This project will put you on the path to social and economic stability after being delayed and affected not only by the COVID pandemic, but also by the volcanic eruptions last April. It’s also a program like no other we’ve seen that combines capacity building and financing for women in business, so I want to encourage our women entrepreneurs in the productive sector to take the plunge and apply.

Further information on the Women’s Empowerment Project – SVG can be obtained from the office of the Center for Enterprise Development Inc at: 451-2235/6.