First Look

Sagicor Invests in Young Entrepreneurs’ Imagination



53 | 2017-03-21 12:25:00

As part of the selection process, entrants were asked to submit a well-articulated business plan which outlines their business idea or concept, growth strategy and an outline of the funds required. Ingrid Card, Vice President, Sagicor Group Marketing, who also served on the panel, is confident initiatives such as this will go a long way to drive entrepreneurial growth in the island. Card explained, “It is important that young Jamaicans are provided with opportunities for their small business dreams to be realized. Sagicor Foundation wants to encourage the idea that if you can imagine it, you can achieve it.”

First, second and third place winners, Invitokens, Billodex Limited and Castor Fields Farms, were furnished with Sagicor Bank SME accounts valued at $500,000.00, $300,000.00 and $150,000.00 respectively. Anna Smith, First place winner, Founder and Creative Director, Invitokens, hopes to use this money to make necessary investments in her wedding and events stationery business. Smith states, “Apart from providing working capital which will lend us flexibility, it will allow us to purchase equipment that will increase our capacity to respond to orders much more quickly.”

CEO of Billodex Limited, the soon to be launched ticketing mobile app, D’Andre Fraser and his CTO, Aundhrae Richardson, outline a similar sentiment, “We believe the Sagicor seed money will improve our business by helping us to get past some final hurdles we needed to make our product fully ready for today’s market.”

For the judging panel it was important that entrepreneurs demonstrated strong business acumen. Card added, “The winners were hand selected based on their solid business plan, strength of entrepreneurial team and sound long term financial goals. The competition was fierce and truly demonstrated the talents of Jamaica’s young people; however we know we selected the top three who best encumbered all the requirements of a good business leader.”
First, second and third place winners, Invitokens, Billodex Limited and Castor Fields Farms, were furnished with Sagicor Bank SME accounts valued at $500,000.00, $300,000.00 and $150,000.00 respectively. Anna Smith, First place winner, Founder and Creative Director, Invitokens, hopes to use this money to make necessary investments in her wedding and events stationery business. Smith states, “Apart from providing working capital which will lend us flexibility, it will allow us to purchase equipment that will increase our capacity to respond to orders much more quickly.”

CEO of Billodex Limited, the soon to be launched ticketing mobile app, D’Andre Fraser and his CTO, Aundhrae Richardson, outline a similar sentiment, “We believe the Sagicor seed money will improve our business by helping us to get past some final hurdles we needed to make our product fully ready for today’s market.”

For the judging panel it was important that entrepreneurs demonstrated strong business acumen. Card added, “The winners were hand selected based on their solid business plan, strength of entrepreneurial team and sound long term financial goals. The competition was fierce and truly demonstrated the talents of Jamaica’s young people; however we know we selected the top three who best encumbered all the requirements of a good business leader.” 




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