Business Incubation, Green Enterprises – Workshop in the Cayman Islands

Business Incubation, Green Enterprises – Workshop in the Cayman Islands

The Overseas Countries and Territories Association (OCTA) is hosting a Business Incubation and Innovation workshop in the Government Administration Building, on Friday, 30th June 2017, from 8 a.m. to 5 p.m. in conference room 2112.

Business incubators are companies that help new and startup companies to develop by providing services such as management training or office space. As such, they are catalyst tools for regional or national economic development.

The free workshop is suitable for representatives of government agencies, independent science and technology centres, small start-ups, higher learning institutions and non-governmental/non-profit agencies. It will consist of presentations and interactive workshop activities for those with some knowledge of business, technical and academic education and innovation and export promotion.

Places will be offered on a first-come-first-serve basis and registration will take place on the day.

The workshop will focus on explaining the systems for developing new and strong business opportunities in territories like the Cayman Islands. It will also suggest how to develop business capacity using incubators and incubator-type models.

The areas that the training and presentations will cover will include:

▪ planning and creating an innovation centred incubator,

▪ selecting the right incubator partners,

▪ How to determine a financing strategy for your incubator,

▪ selecting the right enterprises for the incubator, and

▪ avoiding incubation pitfalls, and

▪ the triple bottom line and the importance of ecoinnovation.

For further information on the workshop, email International Affairs Analyst in the Cabinet Office and Innovation Manager for the Cayman Islands, Jamaal Anderson at Jamaal.Anderson@gov.ky.

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Business Incubation and Innovation: a Nexus for Small Island Countries

Business Incubation and Innovation: a Nexus for Small Island Countries

This week, on 30th of June, Mr. Alan Cooper, OCTA Innovation short-term expert, is giving a workshop on Business Incubation and green enterprise innovation in the Cayman Islands.

Purpose of Workshop

The purpose of this workshop is to help government and private sector agencies involved in develop a country-specific roadmap for creating business incubators which are relevant to their territory and needs. Simultaneously, such incubators will aim specifically to inculcate green innovative (or “eco-innovative”) thinking into their clients from the get-go. This workshop has been condensed from a two-day format to a one-day activity divided into two parts: one dealing with business incubation and the other dealing with the greening of enterprises.

Background

The Cayman Islands like many other island countries have very high import ratios and have a small range of sectors which interface directly with the wider community as booming economic sectors, namely tourism and financial services. The need for diversification is constant and pressing. There is an urgent need for entrepreneurship among these islands as in other OCTs. Islands are particularly vulnerable to climate change and global warming and this is the case with these islands. In the case of these islands, besides the fact that most businesses are “traditional” with regard to their use of electricity, water and other resources, a substantial part of less skilled activities relate to fishing (fish, lobsters, shrimp and the like). These can have serious negative impacts upon the natural environment over time. Therefore, there is need for environmentally sustainable business and businesses which are carbon neutral.

Green enterprises are those based upon 3 pillars: (1) decent work and respect for people, (2) respect for the planet and (3) aiming to make a profit. They are businesses with strive to be carbon neutral through resource efficiency. Green business activities and environmental sustainable methods of managing business are still considered innovative; they are as yet not the mainstream.

This training aims at addressing the two challenges: the need for fostering business development and the need for inculcating green practices in those businesses.

Aims

By the end of the workshop participants should:

  • A clear idea of how to conceptualise and create a business incubator.
  • Be able to identify potential partner organisations for creating successful business incubators (accelerators or hatcheries).
  • Know how to use contemporary tools for introducing innovation in enterprises.
  • Identify key partner organisations for fostering greening of the businesses in incubators.
  • Be able to do a simple conceptual greening of enterprises and value chains.

The course is free to attend and will be held at the Government Administration Building, Room 2112 from 8:30 AM – 5:00 PM.

Please register on the following link.

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Innovate, a workshop on business incubation

Innovate, a workshop on business incubation

Young Corporate Alliance TCI and Invest TCI invited Alan Cooper, OCTA Innovation short-term expert to moderate a workshop on business incubation and green enterprises on June 17th 2017.

INNOVATE was a workshop geared at helping the government and private sector participants develop a roadmap for creating business incubators which are relevant to their territory.

Simultaneously, such incubators aim specifically to inculcate green innovative (or “eco-innovative”) thinking into their clients from the get-go. To this end the workshop was divided into two segments: one dealing with business incubation and the other dealing with the greening of enterprises. The final part of the workshop integrated the two elements.

The Incubator planning team said “what Alan imparted was very informative and useful. We are currently in the initial stage of the incubator planning and Alan’s advice and recommendations came at an opportune time which prompt the need to review our plans and make the necessary adjustments to ensure the successful operation of the Incubator.”

It was even proposed to Alan Cooper to have a do over for this workshop to invite more key stakeholders who can benefit tremendously from his expert knowledge in the field of green business and incubators.

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OCTA Innovation Issue 11 / 2017 –  2IC Azores

OCTA Innovation Issue 11 / 2017 – 2IC Azores

OCTA Innovation’s International Conference at the Nonagon Science and Technology Park in Ponta Delgada, the Azores, April 11-14 2017, was a resounding success. The gathering of OCT Innovation Managers, the government of the Azores, the European Commission and innovation and creativity experts was extremely promising and fruitful. The event was unique in building synergies between OCTs and the EU’s Outermost Regions.

Similarities between the two in meeting the challenges related to isolated territories were highlighted by Rui Bettencourt, Regional Assistant Secretary of the Presidency for External Relations of the Azores. Opportunities for cooperation were articulated by Chair of OCTA Innovation’s Steering Committee, Janice Panton.

As the Team Leader of OCTA Innovation, I am proud that Innovation Managers decided to draw up a conference declaration clearly showing a firm grip of innovation, creativity and leadership and in this way taking ownership of the very concept of OCTA Innovation. The Declaration calls on Heads of Government of the EU’s Overseas Countries and Territories to take full responsibility for prosperity of OCTs by taking the lead in developing the conditions for implementing Systemic Innovation.

Milan Jezic von Gesseneck
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Workshop on business incubation and green enterprises in St Eustatius

Workshop on business incubation and green enterprises in St Eustatius

In March 2017, Mr. Alan Cooper, OCTA Innovation short-term expert, gave a workshop on Business Incubation and green enterprise innovation in St Eustatius.

Purpose of Workshop

The purpose of this workshop was to help government and private sector participants develop a roadmap for creating business incubators which are relevant to their territory. Simultaneously, such incubators aim specifically to inculcate green innovative (or “eco-innovative”) thinking into their clients from the get-go. To this end the workshop was divided into two segments: one dealing with business incubation and the other dealing with the greening of enterprises. The final part of the workshop integrated the two elements.

Background

The island nations in general and Overseas Countries and Territories in particular have very high import ratios and utilise a small range activities for generating either export or substitution of import. The need for increased quality of the local services and products and the need for diversification is constant and pressing. There is an urgent need for entrepreneurship among all Caribbean Overseas Countries and Territories. Besides the fact that most businesses are traditional with regard to their use of electricity, water and other resources, a substantial part of less skilled activities relate to fishing (fish, lobsters, shrimp and the like). Islands are particularly vulnerable to climate change and global warming and this is the case with these islands. These can have serious negative impacts upon the natural environment over time. Therefore, there is need for environmentally sustainable business and businesses which are carbon neutral.

Green enterprises are those based upon 3 pillars: (1) decent work and respect for people, (2) respect for the planet and (3) aiming to make a profit. They are businesses with strive to be carbon neutral through resource efficiency. Green business activities and environmental sustainable methods of managing business are still considered innovative; they are as yet not the mainstream.

This training aimed at addressing the two challenges: the need for fostering business development and the need for inculcating green practices in those businesses.

Aims

By the end of the workshop participants:

• Had a clear idea of how to conceptualise and create a business incubator.

• Were able to identify potential partner organisations for creating successful business incubators (accelerators or hatcheries).

• Identified key partner organisations for fostering greening of the businesses in incubators.

• Knew how to use contemporary tools for introducing innovation in enterprises.

• Were able to do a simple conceptual greening of enterprises and value chains.

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2IC – Azores and OCTs to explore cooperation on innovation

2IC – Azores and OCTs to explore cooperation on innovation

 

Future cooperation between Azores, one of the European Union’s Outermost Regions, and the Overseas Countries and Territories (OCTs) will be discussed at OCTA Innovation’s International Conference in Ponta Delgada, Azores, 11th-12th April.

Participants from the Azores and OCTs will look at the scope for sharing best practice and innovation knowledge and working together in areas where cooperation would be mutually beneficial. These include the green and blue economy, tourism and culture and creativity. An eventual Azores-OCTA Memorandum of Understanding could be proposed.

Azores is an Autonomous region of Portugal comprising three groups of nine islands located in the Atlantic Ocean some 1,360 km off the coast of Portugal. These are Flores and Corvo, to the west; Graciosa, Terceira, São Jorge, Pico, and Faial in the centre; and São Miguel, Santa Maria, and the Formigas Reef to the east.

OCTs are mostly small island distanced from the European Union mainland. The challenges to innovation they share with the Azores include: remoteness, the small size of local markets, difficulties accessing other markets and high transport and energy costs.

The sharing of innovation knowledge and best practice, and possible cooperation on projects and programmes, could help surpass such challenges. The aim is to foster growth, economic diversification and sustainable development through innovation.

 

 

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Innovating and surpassing challenges – Forum of the EU’s Outermost Regions

Innovating and surpassing challenges – Forum of the EU’s Outermost Regions

A forum takes place in Brussels, March 30-31, between EU policy makers and the EU’s nine Outermost Regions: Guadeloupe, French Guiana, Réunion, Martinique, Mayotte and Saint-Martin (France), the Azores and Madeira (Portugal) and the Canary Islands (Spain). It will consider a renewed European Union Strategy towards the nine.

Existing EU measures under the Regional Policy, the Common Agricultural Policy and the Common Fisheries Policy, assist the Outermost Regions in surpassing their unique challenges. Insularity, remoteness, topography, climate and dependency on a limited number of economic sectors are issues that the grouping shares with the European Union’s Overseas Countries and Territories (OCTs).

However, the unique geographic and geological characteristics of the Outermost Regions are spurring research and innovation in the areas of renewable energies, pharmacology, space science, biodiversity and marine ecosystems. The forum will look at measures to make the most of the regions’ potential within a renewed strategy.

The Presidents of the Outermost Regions of the European Union are expected to attend the event, along with President of the Commission, Jean-Claude Juncker, President of the European Parliament, Antonio Tajani, EU Commissioner for Regional Policy, Corina Crețu, French Minister of Overseas, Ericka Bareigts, Portuguese Secretary of State for European Affairs, Margarida Marques and Spanish Secretary of State for European Affairs, Jorge Toldeo Albiñana.

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OCTA Innovation Issue 10 / 2017 –  Aruba OCT-EU Forum

OCTA Innovation Issue 10 / 2017 – Aruba OCT-EU Forum

The recent period has involved a lot of commitment for Mr Cedrick Tilma, EU representative of the Government of Aruba at the permanent representation of the Kingdom of the Netherlands in Brussels. He has been representing the Aruba Chairmanship of OCTA to the European Union’s institutions as well as assisting Prime Minister of Aruba, Mike Eman to chair OCTA and to host the 15th OCT-EU Forum in Oranjestad, 20-24th February. Very successful team work has led to great results.

Mr Tilma former President of the OCTA Executive Committee and a member of OCTA Innovation’s Steering Committee, has played a major role in in establishing OCTA Innovation and in propelling innovation in the Overseas Countries and Territories of European Union.

Mr Cedrick Tilma is also working on capacity building, enhancing higher level education and building a Sustainable Energy Roadmap for OCTs, in line with Aruba’s commitment to cut fossil fuel dependency and promote renewable energy using all available tools: technical, economic and regulatory. He says: “The use of renewable sources of energy is a key issue for OCTs to reduce dependency on the import of fossil fuels. The wider use of renewables is one of the top innovation priorities for OCTs.” The use of renewables is also promising for the creation of new jobs, such as in the expanding eco-tourism market, he adds. View the video to find out more.

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OCTA Innovation Issue 9 / 2017 –  News

OCTA Innovation Issue 9 / 2017 – News

Nous sommes heureux de voir l’établissement progressif des étapes des projets pilotes pour les PTOM. Déjà cinq projets ont démarré. Nous avons déjà reçu deux compte-rendus de mise en place du projet FIER-SPM : Promotion de la culture entrepreneuriale innovante à Saint-Pierre-et-Miquelon. Nous sommes à juste titre très « fiers » de la qualité des rapports et des étapes de ce projet.

Il est très important que chaque PTOM démarre un projet de mise en oeuvre de la Stratégie d’Innovation. Ce sont des projets à échelle variable, des plus petits dans les 10.000 €, ceux de 100.000€ jusqu’aux grands projets dans les domaines de l’infrastructure, de l’énergie renouvelable et du numérique.

De nombreuses activités découlant du projet sont en train d’être organisées, comme les différents ateliers de partenariat public-privé sur l’innovation des PTOM et de formation, notre conférence internationale aux Açores, la formation des entrepreneurs des PTOM dans notre bureau. Ces nombreuses activités représentent beaucoup de défis et du plaisir au travail pour l’équipe, notamment pour Anne Gaëlle Julian.

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OCTA Innovation Issue 8 / 2017 –  Aruba

OCTA Innovation Issue 8 / 2017 – Aruba

The European Commission has signed a pilot project for Aruba. The innovative project, which engages a new generation, will give schoolchildren on the island the opportunity to gain practical experience of 3-D technology. The project has been greatly enabled by the dedication and enthusiasm of Bianca Peters who is our Innovation Manager in Aruba and Director of the Bureau of Innovation.

The Bureau of Innovation is a unique mix of creative think-tank and project development within Aruba’s Ministry of General Affairs, Innovation, Sustainable Development and Science. It has already been given OCTA Innovation BIC ‘Business, Innovation and Creativity’ Award for its outstanding support to social, technical and economic innovation.

Says Bianca Peters: “Within the vision of Aruba to become a 100% sustainable society, we see the need to focus on start-ups, on young entrepreneurs who think outside the box and find solutions to challenges in the development towards a sustainable society. A very important development for Aruba is to give the younger generation and recent graduates the opportunity to remain in Aruba to exploit their creativity and build on them thereby a future here.”
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