Belvedere incubator set to ‘hatch’ youth enterprises

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DPI, Guyana, Monday, June 04, 2018

A business incubator at the Belvedere Industrial estate will open in August to support young entrepreneurs in Regions Five and Six.

Chairperson of the Small Business Council, Valrie Grant told the media: “We are making sure that the incubators accomplish their mandate, which is to ensure that the entrepreneurial eco-system exists in Guyana, and that persons get the necessary handholding to take their businesses to the next level.”

To that effect the Small Business Bureau (SBB) has been engaging local consultant, Patsy Russell to ensure the needs of the young entrepreneurs will be satisfied. “We are not just constructing buildings, we are making sure that the incubators fit the needs of Guyanese.”

The incubator aims to provide appropriate spaces for businesses to engage in certain types of activities and attract investments in the value-added sectors. While the estates will aim to benefit value-added production businesses, there will be no restriction to other businesses in the services sector

In May, SBB conducted feasibility studies in Regions Five and Six with potential clients and is expected to conduct another feasibility study in Region Nine this month with an expectation to open an incubator in Lethem by May 2019.

 

By: Crystal Stoll

Photo: Shane Clement.