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CDB and RevUP Caribbean power next wave of Caribbean entrepreneurs with incubation programme
Kaieteur News – The Caribbean Development Bank (CDB, the Bank) and RevUP Caribbean Limited have launched Phase II of the RevUP Caribbean Incubation Programme, a two-year initiative aimed at creating jobs, scaling startups, and strengthening innovation across the region.
Building on the success of Phase I, this next chapter will support at least 60 early-stage companies through business training, mentorship, technology support, and improved access to financing, the CDB said in a press release.
“The Bank is proud to collaborate with RevUP to unlock Caribbean entrepreneurial potential,” said Lisa Harding, Division Chief, Private Sector, CDB. “We envision a future with stronger Micro, Small, and Medium-Sized Enterprises (MSMEs), aligned with CDB’s commitment to fostering private sector growth, driving innovation, building climate resilience, and ensuring equitable access to financing.”
Phase II introduces partnerships with the Caribbean Climate-Smart Accelerator (CCSA) and the Caribbean Export Development Agency. These collaborations will aid in producing climate-smart and export-oriented firms. While partnerships with European incubators and accelerators under the EU-LAC Innovation Cooperation Initiative will also expand the Caribbean startups’ global networks. The RevUP Caribbean programme will continue to leverage FirstAngels Caribbean and other investor networks, helping entrepreneurs connect with angel investors, commercial banks, and venture capital firms.
Key features of Phase II are:
Startup Pipeline: Engaging high-potential, women-led, and climate-smart ventures.
Capacity Building: Tailored training to improve investment readiness and operational efficiency.
Mentorship: Guidance from regional and international coaches.
Finance Access: Pitch opportunities to unlock growth capital.
“Phase II represents a strategic expansion of our mission to empower Caribbean entrepreneurs,” said Harry “Tomi” Davies, Chairman of RevUP Caribbean Limited. “With partners like CDB, the Development Bank of Jamaica, the Caribbean Climate Smart Accelerator, and Caribbean Export, we are driving sustainable and inclusive growth.”
With strong governance and global partnerships, Phase II of the RevUP Caribbean Incubation Programme is set to equip Caribbean entrepreneurs with the tools, capital, and networks to build resilient, high-growth businesses that create jobs and transform regional economies.
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