1. Charter Presented by Celeste Foster
The Productivity Council - Week of Excellence 2015
February 26, 2015

2. Our Vision: Entrepreneurs Island by 2020
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3. Why this is Essential for our Nation’s Future
The global recession of 2008 unearthed the vulnerabilities of being dependent on two main economic sectors – tourism and offshore business - controlled by exogenous variables.
We are presented with the opportunity to chart a new path forward leveraging our strengths – highly educated workforce, strong governance and excellent infrastructure;
while remedying our weakness – government bureaucracy, access to finance and limited competitiveness.
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4. Economic Diversification
We must diversify our economy to
Sustain highly skilled jobs that utilise our high educational standards
Attract overseas entrepreneurs who bring skills and resources that foster indigenous dynamic small businesses
Advance technology and business skill to grow our SMEs
Develop more export capable businesses
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5. Government Policy Pillar
MANDATE - To work closely with relevant stakeholders to advise and influence government on the execution of the Charter on Entrepreneurship
Co- Champions: Dr. Jeannine Comma & Ms. May Hinds
Mr. Tim Thorogood, Ms. Tricia Watson, Ms. Celeste Foster
ACHIEVEMENTS
Charter shared with Government and Opposition
Included in Protocol VI of Social Partnership Agreement
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6. Charter Focus Human Resource Development Finance and Investment
Business Facilitation
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7. Human Resources Development 2014 - 2018
2015 Establish a national entrepreneurial mentoring scheme that leverages experience from the diaspora
2016 One-Stop-Shop for MSMEs to facilitate all government transactions.
2016 National Entrepreneurs’ Portal - a resource and roadmap for business development and opportunities
2018 Reform school curriculum to embed enterprise and entrepreneurship training from Primary to Tertiary levels.
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8. Finance and Investment 2014 -2019
2014 Create Equity Financing Opportunities
2015 MSME Friendly, Responsive, Banking and Investment System
Research development as a fulcrum for business development.
Modernise Legislative Framework
Attractive Tax Incentives for Venture Capitalists
Revamp Stock Exchange
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9. Business Facilitation/Government 2014 -2018
2014 Building an Entrepreneurial Culture through sustained public education campaigns, sharing of success stories
2015 National delivery standards established to improve efficiency and competitiveness
SME friendly Export Incentive Scheme as part of revised Small Business Development Act
2017 Immigration and Tax Policy that expedites relocation of entrepreneurs to Barbados
2018 Diversification towards a mixed and competitive economy
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10. Call to Our Community – Join us!
This Charter aims to achieve something fundamental for Barbados which will improve the lives of everyone involved with Barbados.
It is not aimed at Government alone; many objectives require action from other groups and individuals in the community. This is a call to action for all Barbadians at home and overseas, and to all residents and friends of Barbados.
The Barbados Entrepreneurship Foundation will work with all organisations to achieve this Vision.
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11. Thank You ! Website: www.barbadosentrepreneurshipfoundation.org
Telephone: /