Monthly News & Updates

May 2023 Issue

Upcoming

Courses & Events

NEH Plan & the Approved Residential Scheme Guidelines

Tuesdsay, June 13th, 2023

5:30pm-7:00pm

North East Hamilton Incubator Hub

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Think Like an Entrepreneur

Weekly Sessions on Tuesdays

June 20th – August 8th /

6:00pm–8:15pm

BEDC Main Office

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A Deep Dive into the BEDC EEZ Initiative

Thursday, June 22nd, 2023

6:00pm-8:00pm

Somerset Incubator Hub

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Proven Techniques for Sustainable Business Debt Management

Tuesday, July 25, 2023

12:30pm - 1:30pm

Online via GoToWebinar

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VIEW ALL COURSES & EVENTS

Bermuda Business Spotlight

This month we want to take a moment to highlight Tomika Pacheco of Off Grid RV Co. Tomika joined the 5th cohort of the Enterprise Bermuda program, a twelve-month incubation program to support local entrepreneurs and the development of their businesses. Off Grid RV Co. is an alternative lodging and day experience, environmentally sustainable, and low carbon footprint RV company. Allowing guests and locals the option to connect directly with nature while renting an RV in any park, backyard or open space. Keep up the great work, Tomika; we can't wait to see how your business grows.

Learn more about Off Grid RV Co!

BEDC Corner with Dennis Carter

This month we feature Dennis Carter, MSME Officer.

What role does entrepreneurship play in the future of Bermuda? A thriving entrepreneurial ecosystem is essential for cultivating a sustainable, dynamic, and inclusive economy that ensures continued prosperity for the people of Bermuda.

Mind Your Business Podcast

Tune in to find out how to mind your business with BEDC, special guest entrepreneurs, industry experts and more. This month featured:

Davida O’Brien, Founder of Vida Fusions

Aymori Duncan, Founder of Catch of the Day

Petrice Madeiros, Founder of Mobile Biometric Services

Tahkeesha Welch, Loan Portfolio Management Officer at BEDC

WATCH HERE

Book an Appointment

Interested in how BEDC can help you in these challenging times? Want to apply for one of our products? All appointments are completely confidential and complimentary. Book a free consultation with one of our officers today!

BOOK NOW

BEDC How-To Guides

Are you looking to start a business in Bermuda but don't know where to begin? Let our How-To Guides help you! BEDC has curated a host of industry specific guides that outline specific information, requirements and the necessary processes for getting your business off the ground.

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Upcoming Webinars & Events

NEH Plan & the Approved Residential Scheme Guidelines

Join us for an enlightening seminar as we delve into the exciting prospects that lie ahead for the North East Hamilton Economic Empowerment Zone. We will outline the future plans for this vibrant zone, showcasing the strategic initiatives and development projects set to shape its economic landscape.

Think Like an Entrepreneur

This course is driven by the internationally recognized, award winning, Ice House Entrepreneurship Program. The program provides a challenging learning experience and is designed to reveal new opportunities, ignite one’s ambition, and foster the skills that will empower individuals to reach new heights as an entrepreneur. Ice House draws on eight fundamental concepts that can empower anyone to succeed.

A Deep Dive into the BEDC

EEZ Initiative

During this seminar, we will explore the fundamental functions of the BEDC and how the BEDC actively contributes to the development of Bermuda’s business landscape. Discover the range of resources and support provided by the BEDC, designed specifically to address the needs of small businesses and drive their success.

Part Two | Debt Free Blueprint

Master debt management in small businesses with our engaging webinar series, 'Debt-Free Blueprint.' Learn cash flow optimization, minimize debt's impact on operations, and gain insights from real-world examples. Build a comprehensive toolkit for effective debt management and propel your small business towards long-term financial success.

This Month at BEDC / The Highlights

Deadline for Global Atlantic Re foundation Pitch Competition Approaches

BEDC partners with Global Atlantic Re to offer up to $150K in capital grants to BEDC program participants. These grants will be issued every other year and will help to fuel the growth and success of small businesses throughout Bermuda. The funds will be disbursed at a pitch competition to be held in September. DEADLINE Monday, June 5th.

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Global Entrepreneurship Week Event Planner RFP

The Bermuda Economic Development Corporation (BEDC) is seeking an event planner/company to organize its 2023 Global Entrepreneurship Week Conference.

Vendor proposals must be submitted by 5:00 pm on Monday, June 12th, 2023.

VIEW RFP

Part One | Demystifying Debt

The first webinar of our series provided participants with comprehensive knowledge about debt and its impact. Attendees learned practical techniques to evaluate their business's financial status, develop feasible repayment plans, and boost credit-worthiness. The session offered critical insights and strategies for sound debt management, enabling participants to make informed financial decisions for a stable financial future.

WATCH HERE!

BEDC Monthly Product Spotlight

Vending License Program

The Vending and Vendor Market Programme was created to facilitate micro-enterprise in Bermuda and to provide an pathway for budding entrepreneurs and small roadside vendors to test their products and organically grow their business before being committed to a storefront location.

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Happening in the Community

Bermuda Island Games

Video Games Basics

Join Bermuda Island Games and unlock the secrets of game development! No matter if you're a complete beginner or a seasoned pro in video game development, their course offers unparalleled flexibility to suit your pace.

Join them at Warwick Academy every week from 5:30pm - 6:30pm. Tuesdays are reserved for kids aged 13-17, while Wednesdays cater to adults aged 18+.

Don't let this amazing chance slip away and be sure to secure your spot now by signing up below!

LEARN MORE

April 2023 Advisory Client Meetings & Industry Type

47 Number of New Advisory Clients

35 Number of Existing Advisory Clients

Top Advisory Client Industry Types

19 Wholesale and retail trade and repair service activities

12 Hotel and restaurant

7 Business activities

Tip & Support Articles

5 Ways to Achieve Better Recruitment | Entrepreneur

Opinions expressed by Entrepreneur contributors are their own. While candidates must work hard to impress their potential employers, employers must also present candidates with the benefits of working for the company. Having the right employees on board can contribute to your overall success as a business.

6 Lessons on Perseverance For Every Entrepreneur | Entrepreneur

Fortunately, perseverance isn't an innate skill or one that can only be learned early in childhood. Everyone has the potential to achieve a "perseverance mindset" and equip themselves with the tools to pursue it. Self-doubt is the archenemy of perseverance. But sometimes self-doubt is warranted - a sign that you may be taking your business down the wrong path.