WIN the resources to launch your business into the stratosphere!

Enter for a chance to WIN!

  • One-year free operating space in BIDC's Incubator Facility – 380 sq. ft. including access to office equipment *
  • Opportunity for retail space

  • Website development

  • Social media advertising

  • Product development

  • Free business advisory services and coaching

  • 6 months mentorship with a leading industry specialist

  • A complimentary pass to the BIDC’s Innovate Barbados Conference Nov 7 - 8, 2018

    *conditions apply

Prepare for Space Flight

What is Race for Space?

Race for Space provides Barbadian entrepreneurs that have a novel process, product or service with the chance to win operating space, retail space, support, opportunities and resources to accelerate their business.

 

The business owners of the four best submissions will be invited to pitch their business proposals to a panel of judges for a chance to win! The winner will be announced on the final day of the Innovate Barbados Conference.

 

Assessment

Judges will assess your big idea, the business’s operations and finances, along with its viability and overall scalability.

Light the Fuse

How to Enter

Step 1

Submit your

big idea.

 

In no more than 500 words, detail your novel idea, process, product or service offering.

What is the problem you are trying to address or what is the market opportunity for your product/service.

Step 2

Submit your business details.

Compile and submit your business registration details and supporting financial information including your income statement, balance sheet and cash flow projections for at least 2 years.

Step 3

Submit everything to BIDC

 

Submit your Race for Space application form, big idea and business details to the BIDC before the deadline.

Submissions may be made online to bidc@bidc.org or in office at Pelican House, Princess Alice Highway, St. Michael.

Eligibility Requirements

You are eligible to enter if

  • Your Business is under 3 years
  • Your business has at least 51% Barbadian Ownership

Preference will be given to companies that are beyond idea stage; can demonstrate how the winning prize will help them address some problem or market opportunity or make an impact in their industry.

The Race for Space is facilitated by the BIDC in collaboration with industry partners Barbados Entrepreneurship Foundation and the Barbados Manufacturers Association.

© 2018, Innovate Barbados. All rights reserved. 

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