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Bahamian Entrepreneurs Win $25,000 Grant

Gregory Cooper, of Recycled Waste Products, and Youlette Etienne, of Vennie's Natural Factory.

Gregory Cooper, of Recycled Waste Products, and Youlette Etienne, of Vennie's Natural Factory.

By NICO SCAVELLA

Tribune Staff Reporter

nscavella@tribunemedia.net

TWO Bahamian entrepreneurs yesterday received a $25,000 grant to start their own businesses courtesy of a self-start funding programme from the country's largest web shop operator.

Youlette Etienne, of Vennie's Natural Factory, and Gregory Cooper, of Recycled Waste Products, were yesterday announced as the winning applicants of Island Luck's OWN Bahamas programme. They are two of 10 people who received grants from the initiative.

The initiative offers entrepreneurial opportunities for people lacking the capital or funding to start a business independently.

Along with the $25,000 to start their businesses, both will be afforded an all expense paid trip to visit the Canton Trade Fair in Guangzho, China later this month.

“It's really going to go a long way,” Ms Etienne said. “It's been really a struggle to find funding anywhere. So with this and having the opportunity to go to China to learn a lot more is phenomenal. I'm really excited and really appreciative.”

“Thank God, I'm overwhelmed for the opportunity to see the world,” Mr Cooper said. “I think it's a very good initiative. Moving forward, helping Bahamians to pursue their dreams and help them get a piece of the pie.”

Two applicants, including Bahari Clothing line founder Morgan Fernander, were offered $10,000 grants, while the remaining six were offered $5,000 grants.

All winning applicants received one year of free radio and newspaper print ads from a local media house, one year of garbage collection, two years of free Internet and cable service, as well as a two-week training course at the College of The Bahamas.

The applicants also received an incubator mentorship programme by the Bahamas Technical and Vocations Institute for ongoing assistance in business planning, marketing and financial responsibility, as well as graphic designs for logos and marketing collateral.

“Since 2009 our community initiatives at Island Luck have not changed,” Island Luck CEO Sebas Bastian said yesterday. “Through programmes such as OWN, we seek to empower Bahamians in every way we can. I'm pleased to announce that the 10 candidates are one step closer to achieving their lifelong dreams and the true results of ownership.”

According to Mr Bastian, OWN grants will be given three times a year – in March, July, and October.

Comments

TalRussell 3 years, 5 months ago

Comrades, if the banks are refusing to accept numbers monies deposits, then why would they cash the Award Recipients $25,000 checks? Even more puzzling is, if they can't have bank accounts, how are they capable of writing bank checks in the first place? I mean, did they not promote this as an Island Luck program? Better still, how were the millions paid by licensees applicants, collected by the public treasury - in cash, or by bank checks? Okay, maybe, I'm just legality naive or missing how simple the answer really is. So, Minister of Finance, do enlighten me?

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Well_mudda_take_sic 3 years, 5 months ago

Guess you've never heard of Bank of The Bahamas.

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TalRussell 3 years, 5 months ago

Comrade you're kidding, I hope.

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banker 3 years, 5 months ago

Wasn't Julian Francis appointed to Island Luck? A ex-Central Bank governor now in a just-legalised enterprise. If I were a betting man (ha !!!!), his track record doesn't bode well for Island Luck.

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TalRussell 3 years, 5 months ago

Comrade Banker, again I am puzzled. I thought that while several leading numbers men's - and one woman's - have applied and paid penalties, to have their businesses "considered to be regularized," that to date, NO such licenses have been approved, or issued, by the PLP Cabinet? And, I bet you never knew, that one applicants in the mix, is a womans?

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duppyVAT 3 years, 5 months ago

It is only a matter of time before the numbers houses "banks" replace ALL of the Canadian commercial banks ........... FIVE MORE YEARS MAXIMUM

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proudloudandfnm 3 years, 5 months ago

Duppy I seriously doubt that... lol....

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duppyVAT 3 years, 5 months ago

The Canadian banks see that the Caribbean customers are defaulting on their loans ......... check the numbers. They are either going to pull out all together OR sell their struggling national entities in each Caribbean country to domestic entities like the numbers bosses "banks".

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Bahamas676 3 years, 5 months ago

Royal Bank of Canada Accepts Web shop moneys

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