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.