Latest update February 10th, 2025 2:25 PM

Guyana's largest selling daily and New York's most popular weekly

Latest News

Local businesses can apply for technical assistance grants

Jul 17, 2020 News

The Ministry of Business announced yesterday that Guyana is among 13 Caribbean countries that have qualified to benefit from technical assistance grants. The grants are being made available through the Technical Extension Programme with Compete Caribbean, a private sector development programme.
The grants, which are available to local small and medium size companies with high growth potential, aim at raising the operational standards of businesses to that of international standards through the implementation of information technology and capacity building programmes for employees. The intention is to help increase productivity and innovation in the Caribbean private sector.
According to Compete Caribbean’s website, Technology Extension Services (TES) is not focused on creating new technologies but rather on increasing access to, and adoption of, already existing technologies, and processes. It was pointed out “This may take the form of bringing firms up to national and international standards, exposing them to opportunities for improvement by incorporating existing technologies, best practices, technical assistance and consulting human resource development, strategic management, etc.”
In order to qualify to receive the grants, businesses are required to have generated at least US$250,000 but less than US$1.5 million in revenues pre-COVID-19 or employ between five to 50 persons, and operate within the tourism and manufacturing sector, including agro processing.
Selected companies will receive technical support from experts in defining and implementing projects to boost the operating capacity of businesses.
Compete Caribbean is a private sector development programme, partnering with the Inter-American Development Bank (IDB), The Caribbean Development Bank, UK Aid and the government of Canada. It aims to provide technical assistance grants and investment funding to support productive development policies, business climate reforms as well as clustering initiatives. According to Compete Caribbean, TES is crucial to the process of bringing Caribbean firms to a point where they can successfully innovate, compete on a global scale, and stimulate vibrant economic growth.
Businesses can complete the eligibility application by visiting Compete Caribbean’s website (www.competecaribbean.org) or its Facebook page.

Similar Articles

The Glenn Lall Show|| February, 7th, 2025

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

Allicock, Amsterdam named in GBA training squad 2025 Caribbean Boxing Championships

Allicock, Amsterdam named in GBA training squad 2025 Caribbean Boxing...

Feb 10, 2025

Kaieteur Sports- The Guyana Boxing Association (GBA) has officially announced the national training squad, with the country’s top pugilists vying for selection to represent Guyana at the 2025...
Read More
Interesting transfers, Clubs secure firepower ahead of Season Seven Elite League

Interesting transfers, Clubs secure firepower...

Feb 10, 2025

North East beat Back Circle B; set up semi showdown with defending champs

North East beat Back Circle B; set up semi...

Feb 10, 2025

DCC executive laud Savory, Imlach for champion performances

DCC executive laud Savory, Imlach for champion...

Feb 10, 2025

Dozens of young chess players participate in Kitty Square Mall U-16 C/ship

Dozens of young chess players participate in...

Feb 10, 2025

Shai Hope claims Green Belt and Dispatch of the Season in ILT20 Triumph

Shai Hope claims Green Belt and Dispatch of the...

Feb 10, 2025

Features/Columnists

  • Forward to the past

    Peeping Tom… Kaieteur News-Guyana’s debt profile, both foreign and domestic, has become a focal point of economic... more

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]