Latest update January 17th, 2025 6:30 AM
Govt. business incubator empowering women entrepreneurs
Kaieteur News – The Ministry of Human Services and Social Security’s business incubator ushers in a new era of opportunity for aspiring and existing entrepreneurs, in an effort to foster empowerment and drive economic growth among women.
On pursuing with the mission to provide aspiring entrepreneurs with the necessary tools, guidance, and support to navigate the intricacies of starting and running a successful business, the business incubators hosted several business clinics which is a vital platform where participants are exposed to the nuances of entrepreneurship.
Business Incubator Economic Empowerment Officer, Nalini Persaud is spearheading the initiative and expressed the government’s dedication and vision in helping to shape the future of small business in the region.
Minister of Human Services and Social Security, Dr. Vindhya Persaud and participants at the training
Persaud speaking to the Department of Public Information (DPI) recently said, “the business clinics play a crucial role in enlightening about the challenges and rewards of running a business. Whether they are newcomers in the entrepreneurial world, or established business owners seeking growth opportunities, the clinics offer valuable insights into various aspects of business management.”
The transition from the informal to the formal economy is a significant focus at the mentorship facility. Several individuals in the informal economy have exceptional skills and talents but lack the knowledge and resources to establish themselves in the formal sector, which the incubator aims to address to take their ventures to the next level.
Meanwhile, after attending the business clinics, participants gain access to expert assistance in formulating their business plans.
Shelves displaying products at the business incubator
Recognising the constraints of physical accessibility, the entrepreneurial support hub has adapted to the digital age by offering online support as well. This inclusivity ensures that talented entrepreneurs from various backgrounds and locations can also benefit from the programme.
Accordingly, the business incubator is witnessing a remarkable trend, with an increasing number of women entrepreneurs availing of their service, which covers several topics such as how business planning promotes growth, what makes a great business, business plan writing, and what banks look for in a business plan, among others. In addition, business owners can display their products on the shelves of the business incubator.
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