October 2016

Creating Opportunities Through Innovation

  Compete Caribbean's panel on innovation in the Caribbean, Ronald Hind (left), CEO, Teleios Limited,  Dr. Sylvia Dohnert (left centre), Executive Director, Compete Caribbean, Rickert Allen (right centre), Senior General Manager, National Commercial Bank, Jamaica Limited, Kapil Mohabir (right), CEO, Plympton Farms.

 Innovation, what you think about when you hear this word? Innovation is the single largest contributor to productivity growth. In recent times, the Caribbean has not kept pace with other developing countries when it comes to innovation and this has been reflected in stagnating or declining rate of growth. But how can we combat this scarcity of innovation in the region? Click here  to see what innovators in the region have to say.

See Compete's full panel discussion at Foromic 2016  here .
The Emergence of Experiential Tourism in Jamaica

Treasure Beach is located on the southwest of  Jamaica, on the South Coast of the Parish of St. Elizabeth. On July 3, 2014, Compete Caribbean (CC) provided Treasure Beach with a USD 500,000 grant to support the community in developing the tourism potential of the area and develop and market a unique brand of tourism for Treasure Beach.

Now, two years later the project is poised to close successfully with Treasure Beach now having a great deal of momentum on its side as well as an engaged tourism community.

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Compete Caribbean gives boost to Business Process Outsourcing Sector in Jamaica

Since the 1990s, Jamaica has been successful in attracting Business Process Outsourcing (BPO) operations and currently represents 9% of the region’s market in terms of workers, revenue and number of firms. 

However, as the country seeks to progressive move up the BPO value chain, support was needed in order to improve the business environment via policies and strategies in order to maintain the competitiveness and viability of the sector in a dynamic global industry.

With technical assistance from Compete Caribbean, the Business Process Industry Association of Jamaica (BPIAJ) has been able to has diversified and moved up the value chain in the range of services offered, establishing Jamaica as a credible and formidable provider of BPO services.

Click here  to read more.
Jamaica Ornamental Fish Cluster off the mark

On June 26, 2014, Compete Caribbean (CC) provided grant funding in the amount USD 500,000 to bolster the Ornamental Fish Cluster’s exporting capacity of quality ornamental aquatic products.

The end of October marked the successful closing of the project and first international shipment of ornamental fish from the cluster’s now operational exporting facility.

With the project coming to a successful conclusion, The Jamaica Ornamental Fish Cluster is now poised to work together with local government institutions  to maintain its progress and grow as a resilient, competitive, niche exporter.

Click  here  to read more.
Compete set to host Regional Policy Dialogue
 This month marks the second Regional dialogue hosted by Compete Caribbean. The forum will take place on November 21st and 22nd at the Lloyd Erskine Sandiford Centre (LESC), Bridgetown, Barbados.

It will seek to share experiences and lessons learnt from the Compete Caribbean program (CC) and its donors and partners: the Government of Canada, the Department for International Development (DFID/UK), the Inter-American Development Bank and the Caribbean Development Bank.

The event will include key notes speaker from donor organizations, bringing their unique perspective of supporting growth and development in the Caribbean, and will host discussions with beneficiaries and key partners on Compete’s 4 instruments: knowledge production, business climate reform, innovation and inter-firm collaboration/clustering. The event seeks to extract lessons learned in the pursuit of promoting a Caribbean with a resilient business climate and innovative culture.

With the Program coming to a close at the end of the year, the Dialogue will also feature the first look at Compete Caribbean II- the next iteration of the multi-donor private sector development program that will continue its focus on business climate reform, promoting innovation amongst private sector actors and creating knowledge at country and regional level with the CARIFORUM states. 
Mediathon 2016
 On November 22nd and 23rd, 2016, Compete Caribbean will be hosting its inaugural Mediathon.  The purpose of the mediathon is to host a comprehensive discussion on the application of innovation in the fields of journalism and communications to spur competitiveness.  Participating team will be expected to understand the dynamics of the communications sector and design and pitch their innovative methodologies that will be assessed based on their impact, justification and innovation, by a panel of judges consisting of international communication experts.


Please address submissions to competecaribbean@iadb.org.
Compete Caribbean | 246 627 8527 | 246 429 8869 | competecaribbean@iadb.org | competecaribbean.org