Businesses In SVG Could Apply To Receive Grant Funding

The Government of St. Vincent and the Grenadines is continuing efforts to increase the range of local business enterprises utilizing modern Information and Communication Technology.

To this end, the Ministry of Foreign Affairs, Foreign Trade, Commerce and Information Technology last Friday opened its first Call for proposals from potential Business Incubatees to receive Grant funding under the Caribbean Regional Communications Infrastructure Program (CARCIP) St Vincent and the Grenadines project.

The Grant will be administered as part of the Business Incubation and Training Grants program where businesses can apply for maximum grant funding up to 150-thousand EC dollars.

To be eligible, the business must be ICT or ICT-enabled in nature and be a client of the eligible incubator acceptable to CARCIP which is the St Vincent and the Grenadines National Centre of Technological Innovation.

The business must be legally registered with the relevant authorities in St. Vincent and the Grenadines, provide counterpart funding of 20-percent of the cost of the project, and accept the financial requirements of the program.

The Call for proposals will close on March 27th, and interested applicants can contact the CARCIP Office located in the CLICO Building in Kingstown or at telephone number 456-1223 or email [email protected]

CARCIP SVG is a project implemented by the Central Planning Division and coordinated by the Ministry of Foreign Affairs, Foreign Trade, Commerce and Information Technology.

It is a regional initiative that involves St. Lucia, Grenada and St. Vincent and the Grenadines and financed through a loan by the World Bank. This program is estimated to cost two million US dollars.




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