Updated: February 8, 2021, 11:35 a.m.
Bermuda Economic Development Corporation is calling for applications for the fourth cohort of Enterprise Bermuda, the free 12-month incubator program that supports local entrepreneurs and the development of their businesses.
According to BEDC, the program benefits both start-ups who want to accelerate the growth of a company in the first few years and young entrepreneurs who are looking for an environment in which they can validate their business idea.
Applications are now being accepted and can be filled out online at www.bedc.bm. The application deadline is March 15th.
Interviews with shortlisted applicants will take place in the week of March 22nd.
The fourth cohort of Enterprise Bermuda starts April 1st.
The BEDC said the incubator is focused on taking attendees through an in-depth development process to ensure entrepreneurs move beyond the idea phase and begin making their businesses a reality.
Eight successful applicants will receive assistance in analyzing and refining their business idea so they can best determine if it will work in the Bermuda market and beyond.
Participants receive free access to BEDC’s educational courses and programs, free and subsidized office space, an assigned business development officer, and personal mentoring with industry experts.
In addition, successful applicants get access to free or subsidized services in areas such as marketing, accounting, legal advice, web development and more, according to the BEDC.
Eight new companies were created by participants in the third cohort of the End of Enterprise Bermuda, the BEDC said.
According to the BEDC, 22 new companies have been founded since the start of the program in 2018, creating more than 65 jobs.
The third cohort included:
• Kori Hypolite, owner of Equilateral Studio, helps clients develop strategies and design for better, stronger brands. She is working to grow her business and has risen to the challenge of turning her business around during Covid-19 to serve more customers and help more businesses.
• Gwendolyn Creary is behind Parent Guide BDA, an infant and toddler mental health consultancy that works with parents and professionals from early childhood to improve the social, emotional and behavioral health of toddlers up to 8 years of age.
• Ranae Kai Bean is the owner of Spirit of Love. Through SOL, she works to coach others to live their absolutely healthiest lives and to incorporate the importance of love, exercise and nutrition into everyday activities and experiences.
• Dr. Jana Outerbridge, owner of Mayvera Wellness, has developed a service that pays special attention to the healing, empowerment and development of women and girls. She adapts to the current time and has developed many virtual experiences.
• Adam Johnson, founder of the Marooned Ocean Foundation, continues to work to give back to the ocean and is committed to being part of the solution and solving the problem of the health of our oceans.
• Tyun Smith-Ming runs Drix Organic Medleys. He first launched a range of natural skin and hair products and has now branched out into the world of organic juices.
• Zalika Millet developed her Plan for Life, Learning, Legends – an alternative to traditional learning that focuses on creating a curriculum for young children that encompasses all learning styles and strives to meet the needs of all students.
• Marcelle Lawrence, owner of Eco Island Travel, is working to develop her business and bring it to the world market. The aim is to provide a platform on which travelers and travel providers can be inspired, empowered and involved in practices that support sustainable travel destinations. She had to turn her business because of Covid-19 but has done so and is currently working on developing new marketing strategies.
Ms. Lawrence said, “Participating in the ECI has connected me to the invaluable resources of the BEDC. From a variety of courses to connecting with other budding entrepreneurs to the expertise of the BEDC officers and quality office space and facilities, the EBI was a great place to test my business ideas and get them off the ground. “
Jamillah Lodge, director of communications and development at BEDC, added, “The Enterprise Bermuda Incubator was more than a success. I enjoyed working with my colleagues to help these entrepreneurs grow their businesses. “
Jamillah Lodge: Director of Communication and Development at BEDC (photo supplied)
Enterprise Bermuda: The start-up program is now accepting applications for its fourth cohort (picture included).