Friday 20 September, 2019

Richard Branson to re-launch business incubator in Kingston

Richard Branson will announce the Branson Centre of Entrepreneurship's new partnership with local financial house Proven Investments.

Richard Branson will announce the Branson Centre of Entrepreneurship's new partnership with local financial house Proven Investments.

Business tycoon Richard Branson will on Tuesday officially re-launch the Branson Centre of Entrepreneurship – Caribbean in Kingston as it relocates from Montego Bay.

The billionaire will announce the centre’s new partnership with local financial house Proven Investments.

He will also engage local donors and stakeholders to support the centre’s accelerator programme.   

Both organisations are joining forces to elevate entrepreneurship on the national agenda and develop more globally competitive entrepreneurs.

Commenting on the partnership, Proven CEO Christopher Williams said a key part of the company’s strategy is to identity the best Caribbean entrepreneurs for investment.

“Accelerators coming out of the Caribbean are not doing the best job to push deal flow to sources of capital. In finding the right investment opportunities, we regard this as a win for entrepreneurs, a win for investors and definitely a win for economic sustainability and development,” Williams said.

He added that Proven is aligned with the Branson Centre’s strategic growth plan for entrepreneurship in the Caribbean.

For her part, Chief Entrepreneurship Officer at the Branson Centre Lisandra Rickards said the business accelerator is on the hunt for the brightest stars and most promising start ups to help make Jamaica more globally competitive.

“Proven recognises the importance of nurturing entrepreneurs who have the right mind-set and character to be driving forces in the economy. Through our partnership, we will work together to identify the right entrepreneurs and accelerate their growth in ways that bring real returns to the entrepreneurs, their investors, the economy and society as a whole,” she said. 

The launch will also include a panel discussion with Gordon ‘Butch’ Stewart, Chairman for Sandals Resorts International, under the theme, the theme “How to build a globally competitive brand.”  

The Branson Centre’s relocation from Montego Bay to Kingston signals a decision to be more accessible to entrepreneurs in an effort to serve them better, the entity said in a release.

The move will also connect the centre to more partners and stakeholders for greater collaboration in the entrepreneurship development space.

The Branson Centre gives Caribbean entrepreneurs critical support services to help them structure and scale their businesses.

 

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