St Kitts and Nevis (WINN): Twenty-five finalists from the Caribbean will compete in the PitchIT Caribbean Challenge tech entrepreneur competition in St Kitts on June 17.
The Managing Director of Quintessence Consulting Inc, Ms Telly Onu is the St. Kitts contact for the competition.
“Save the date June 17, it’s going to be at the Sir Cecil Jacobs auditorium at the ECCB. We will be providing more information on the time and details, but we have 25 start ups who will be pitching and vying for a total of USD$75,000 dollars and other services such as mentorship support as well as international trips and travel and it is really going to be a unique competition and the first of its kind in St Kitts and Nevis. We’ve had other types of Pitch competitions but nothing this size and nothing this scale. If you’re familiar with watching Dragons Den or Shark Tank just imagine a Shark Tank scenario.”
Finalists are drawn from over 200 CARICOM entrepreneurs seeking partnerships, funding and even buyers, they will make a pitch to a panel of regional and international judges. The competition provides an opportunity for people in the federation to attend and see how it's done, the founder and CEO told WINN FM.
“It’s also an appeal to students and other entrepreneurs to come out and see how it’s done because people just assume, ok, I want money but you really don’t know you have to go through an entire process before you can actually be investor ready. So it’s really an eye opener for persons who want to be an entrepreneur and build their business because what we have in our ecosystem right now are just programmes for management of your business but not necessarily programmes that actually allow you to design and grow and run a saleable business. Registration forms will be published shortly at the Pitch It Caribbean website at www.pitchitcaribbean.com
After the competition five winners will each be awarded a coveted spot in PitchIT Caribbean business accelerators located in Barbados, Dominica, St. Kitts & Nevis and Trinidad & Tobago, as well as US$5,000 in seed funding to help develop their business. The acceleration services will include mentoring by business and technology experts, networking opportunities, working space and facilities, expense-paid trips to international conferences and competitions, as well as intense product development and investor readiness training.
Billed the Top 25 Startups PitchIT Caribbean Challenge: St Kitts & Nevis, the event is the third of its kind and winners of the last competition have gone on to do big things.
“We have the ability to create and produce high quality start ups, in the last cycle we had quite a few success stories. We had a start ups in Barbados who went on to raise USD$125,000 dollars, they’re not stopping there, I think they will be moving towards the millions very shortly. Actually it was two from Barbados that got $125,000 dollar grant. You have examples of Book Fusion business that went on to get investment, they secured contracts from the government of Jamaica for their education start up. They created a library almost like Amazon, Amazon for the Caribbean for books, so they’re doing great things.”