Enterprise Cayman’s first Cayman Islands Business Design Contest, sponsored by Cayman Enterprise City, is designed to help creative individuals and emerging entrepreneurs accelerate their business ideas and get projects off the ground faster with the help of professional support networks.
Already announced in December 2020, all residents of the Cayman Islands over the age of 18 had until January 31, 2021 to submit their proposals for the business design.
The opportunity to connect with seasoned professionals and like-minded entrepreneurs has already fueled an impressive level of innovation, discovery, and learning that will help shape the future of Cayman’s innovative business ecosystem.
The following top 10 business ideas and entrepreneurs are one step closer to winning the $ 10,000 Project of the Year award and are turning their business idea into reality:
- BizHub, a car wash center by Danner Taylor Nelson and Valery Davis Alvarez
- Caribbean Images, a visual content platform from Greyshell Bent and Antoleen Williams
- Cay Delivery, a delivery system from Samekia Stewart
- Cayman Marine Life Guide, an environmentally conscious marine guide from Morgan McCartney
- Cayman Transfer, a transportation platform created by Ian Goddard, Prashik Zodge, and Dhruv Serena
- Cayman Travel Buddy, a travel app by Desmond Harris and Emilio Ceroleni
- De Pet Chaperone, an app for pet owners by Alicia Turner and Abigail Turner
- Kaizen Law, a legal services platform from Tricia McDoom
- Say ease! A financial product by Clement Lai and Vladimir Shubert
- Z Academy, an educational project by Ryan Zhu
Despite the impressive cohort of submissions, these finalists were judged and shortlisted based on their overall business idea, including project potential, profitability, innovation, and long-term and short-term impact on the community.
The finalists will now take part in an intensive “Design Weekend” from February 27 to 28, during which they will prepare for their final pitch at “Pitch & Test Day” with the help of trainers and experienced entrepreneurs March 27th.
“The program was designed to provide an engaging platform for innovators to connect and access professional support networks. At the same time, it provides a welcoming business environment that encourages new and creative business ideas, ”explains Kaitlyn Elphinstone, VP Marketing & Public Engagement at Cayman Enterprise City. “We look forward to seeing how these projects develop and how competitors present their final projects to the judges. Think of a Cayman style ‘Shark Tank’. It will be exciting to take part. “
The Design Weekend includes a range of activities and workshops on prototyping, business ethics, market research, raising capital and more to help competitors refine and improve their business ideas with the help of some of Cayman’s top entrepreneurs, innovators and business people, including:
- Paul Keane – Competition teacher, prototyping & project consultant, UX Designer and Business Design Competition Project Advisor, Harmonic Fund Services
- Althea West-Myers – Competition teacher, The Cayman Islands Center for Business Development
- JP Le Roux – Competitive Teacher, Financial Planning Masters Session, Financial Controller, Cayman Enterprise City
- Candace Westby – Competitive Teacher, Intellectual Property, Head of Intellectual Property for the Cayman Islands Government
- Ramona Tudorancea – Competition teacher, fundraising and project consultant, Founder and CEO of JB Advisory Services SEZC
- Mike Ferrier – Competitive Teacher, The Reality of Business Ethics, Professor / Business Professional
- Charlie Kirkconnell – Competitive Teacher, Building Your Cayman Islands Business, CEO of Cayman Enterprise City
- Tanya Wigmore – Competition teacher, going to market, Founder and Chief Growth Officer, CRO: NYX SEZC
- Rich Dyer – Competition teacher, market research, Co-founder of Massive Media
After the design weekend, the finalists will have a month to prepare for “Pitch & Test Day,” where participants will compete to win “Project of the Year” and take home $ 10,000. Other coveted prizes are the “Community Impact” award for a business design that makes a difference in the community, and the “Creativity Award” for an inspiring, new or unconventional business design.
Members of the public are invited to take part in the Pitch & Test Day, where teams compete against each other by presenting their projects to a jury. The event will take place on Saturday, March 27, 2021 from 10:00 a.m. to 12:00 p.m. at the FJ Harquail Cultural Center in the Studio Theater. For more information, send an email to firstname.lastname@example.org.