July 5, 2017

2016 Report

About: Caribbean Startup Ecosystem:

Is the digital accelerator flagship program for the Caribbean region under global subsidiary- Global Startup Ecosystem (GSE). The network hosts the largest online 3 day digital accelerator program for entrepreneurs residing in or affiliated with the 20+ Caribbean islands. The network also provides regional tech summits, ecosystem programs, boot camps, ecosystem  tours, and initiatives to accelerate innovation and ecosystem development under GSE sponsorship.

 

Press Release Announcement:

In an effort to increase exposure of Caribbean startups to global investors and resources, Caribbean Startup Ecosystem Inc. announced the launch of the first digital accelerator for the region.

The accelerator program began with a full startup development boot camp program covering ideation, product development, marketing, customer acquisition and funding. The boot camp is followed by workshop keynotes from Lean Launchpad, Forbes list entrepreneurs, and key investors. The program concludes with a demo day where the top ten companies pitch in front of judges from across the region for top prizes.

“The future is digital, so startup ecosystems in emerging markets need to take advantage of that with programs like this one” says Co-Founder Christine Souffrant Ntim, “we launched digital accelerators for entrepreneurs of the Caribbean and the diaspora to close the resource gap and diversify global startup success stories”.

The pilot accelerator program will launch on July 11-13, 2016 and will accept 100 startups.

Caribbean Startup Ecosystem Report Links:

Caribbean Startup Ecosystem

Accelerator Pilot Report

The 3-Day Accelerator Agenda is as follows: (Summer 2016 Batch Date: July 11-13, 2016)

  • Monday: 7pm-9pm EST 
    • 7-7:15 Leveraging the Caribbean startup ecosystem and positioning yourself as a Caribbean entrepreneur
    • 7:15-8:00 Product development 101-Ideation, Beta Testing, Customer Acquisition
    • 8-8:30 Customer development 101- How to get 10,000 users in 6 months
    • 8:30-9:00 Email Marketing w/ Partner-Send Grid
    • 9:00-9:30 Q/A
  • Tuesday: 7pm-9pm EST 
    • 7-7:15 Recap
    • 7:15-8:00 Fundraising 101- How to raise capital via crowdfunding, crowd equity, angel & VC investment and unconventional methods
    • 8-8:30 Marketing 101- pitching, social media campaigns, press, and PR, event management
    • 8:30-9:00 Guest Workshop- Psychology of Entrepreneurship by Einstein Ntim
    • 9:00-9:30 Q/A
  • Wednesday: 6pm-9pm EST
      • 6:00-7:00pm Open online office hours- Q/A
      • 7:00-7:30 How to avoid the top 99 mistakes of entrepreneurs.
      • 7:30-9pm Online Demo day-Pitch to our investment/partner network (details TBA). We will host a virtual pitch off event for selected startups to connect with top investors, partners, and mentors.

The 3 teams will receive up to $3k in prizes

  • VIP tickets to ATECH– the biggest tech conference in the Caribbean. The winning team will receive (2 tickets, value of $695 each) VIP guest services (e.g., VIP service at the airport, free transportation to and from the airport and conference venues), including access to one-on-one investor feedback sessions.
  • $1,560 worth of credits with SendGrid ($129.95 / month for 12 months)
  • Consultant review package with SeedIM Investments (2 hours) valued at $350-Review your business model; Review Marketing Strategy.

Caribbean Startup Ecosystem

Accelerator Pilot Report

The Applicant Pool: Over 55% of the companies were founded within the past two years. Industries represented included,  travel, agriculture, e-commerce, education, social apps, and communications. Caribbean Startup Ecosystem launched the region’s first digital accelerator earlier this year and released the final list of companies selected for the summer session. 105 companies were selected, five of which were featured in the Guardian. The cohort came from 16+ countries and were graduates of 34 unique startup development programs in the Caribbean. Here are some quick stats:

The top 3 countries represented in this applicant pool were: Trinidad w/ 40, Haiti w/ 18, and Jamaica w/ 13.

The vast majority of the companies were early stage, founding the ventures within the past 3 years. 2016 w/28 companies, 2015 w/ 29 companies, and 2014 w/15 companies

When asked what their funding needs were, 45% stated that they needed less than $50k and 54% made ask amounts between $50k-$20M. Below is a graph on the top 3 topics of most interest to Caribbean entrepreneurs. Funding, customer acquisition, and marketing was the most requested topics for this year’s summer class.

 

We had 2 guest workshop speakers and 3 influential judges. The intense nature of the business boot camp is to provide tactics, strategies and top learnings around building a company while leveraging free resources.

From Y-Combinator’s free 10 week online program to raising millions with database searches to coding an MVP – the program covered many areas.

Caribbean Startup Ecosystem

Cohort 1: Top 100 (422 entrepreneurs)

  • www.techbaseltd.com
  • www.livewireact.com
  • www.carryonfriends.com
  • www.caribbeanandco.com
  • www.waggingbrands.com
  • www.dtectt.com
  • www.nothingyet.com
  • www.knoxttdot.com
  • www.thefashionarch.com
  • www.espjrisland.com
  • www.realcaribbeanfoods.com
  • www.kensambury.com /
  • www.definestudios.co /
  • www.eeempire.com /
  • www.jamcarnival.com
  • www.engcleantech.com
  • www.kaizenmsl.com
  • www.whyfarmit.com
  • www.mscwebsolution.com
  • WWW.ZAMINDUSTRIESLTD.COM
  • www.tabancabox.com
  • www.sosophisticatedboutiquett.com
  • www.rdvmedical.ht
  • www.melissapascal.co
  • www.melvernisaac.com
  • www.odemcompanies.com
  • www.jlehsiek.com
  • www.ayisyenpozitif.com
  • www.farmslc.com
  • www.QuickPlate.com
  • www.thelocalapp.info
  • www.whyfarmit.com/whyfarm-haiti-agricoolture/
  • www.FritayPam.com
  • www.facebook.com/yaphene
  • https://kwabosal.ht
  • www.confiseriesoulouquoise.com
  • www.naturallymusical.com
  • www.facebook.com/chunebiz
  • www.caribbeanintransit.com
  • www.logipam.com
  • www.molsmed.gov.tt
  • http://htranslationandconsulting.com/index.html
  • http://www.e-bs.org
  • www.empowerhaitianwomen.blogspot.com
  • www.straightfromyard.com
  • www.eventualitytours.com
  • www.oniciamuller.com
  • Www.ipublishconsultancy.com
  • www.Karamel509.com
  • www.labinfom.webs.com
  • www.yourmoneyworth.com
  • www.rivver.com
  • www.Encours.com
  • www.BEAUTYLYNK.com
  • www.nubenet.com
  • www.Edifye.org
  • www.kezblogs.com
  • www.storynationapp.com
  • www.iere.ca
  • www.oklearn.it
  • www.linkmeup.co
  • www.getradial.com
  • www.readacrossjamaicafoundation.com
  • www.ideffect.com
  • www.Myhaitea.com
  • www.coded-arts.com
  • Www.kalecafejuicebar.com
  • www.catorapp.weebly.com/
  • www.nowebsite.com
  • www.Mazii.org
  • www.healthi.io
  • www.herhairpin.com
  • www.cuddlebuddies.com
  • WWW.FREEZEIT.CO
  • www.gowanderscape.com
  • www.velvetframe.org
  • www.Greenfire.io
  • www.aquaflowjm.com
  • www.sassboxx.com
  • www.nyammin.com

 

  • www.protranshaiti.com
  • www.neiladamstt.com
  • www.facebook.com/bodydynamics
  • facebook.com/bestfitconsult
  • facebook.com/pzazphotography
  • http:facebook.com/edissonconstruction
  • www.facebook.com/groups/artwarstt
  • www.facebook.com/kingdomwomeninternational
  • www.facebook.com/Greenhouse.Organic.Technology.Greens/
  • Instagram.com/plantbasedforyou
  • Cupcake Çhîçkś- No Website
  • Trevyn Devonish- No Website
  • Marceno Nembhard- No Website
  • Jamie Shah- No Website
  • De L’isle- No Website
  • Khaty Ann Martin- No Website
  • Kevin Assam- No Website
  • Tamika Peters- No Website
  • Jacqueline Newton- No Website
  • Lushane Salmon- No Website
  • Toni England- No Website
  • CÌdric J. A. MoÌøse- No Website
  • Jn Richard Daniel Prudent- No Website
  • Kelly – Ann Mitchell- No Website
  • Naresh Hayban- No Website

 

Top 10 Selected to Demo @ Summer Digital Accelerator

After reading through the applications of 105 teams, we are pleased to announce the top 10 startups that will be pitching in front of key investors and global influencers. The founders in this cohort are graduates of 34 Caribbean programs.

  1. www.aquaflowjm.com (Jamaica) water efficiency for the future
  2. www.tabancabox.com (Trinidad) Curated box of local foods delivered to your door!
  3. www.farmslc.com (St.Lucia) Farming made simple
  4. www.techbaseltd.com (Trinidad) Disrupting digital support for local businesses
  5. www.thelocalapp.info (Antigua) The google maps of the Caribbean
  6. www.kwabosal.ht (Haiti) Destined to become the amazon of Haiti-#1 e-commerce for the country
  7. www.livewireact.com (Jamaica) Transforming the face of entertainment in the Caribbean
  8. www.caribbeanandco.com (Montserrat) Centralized hub for tourism and travel within the Caribbean
  9. www.carryonfriends.com (Jamaica) The leading blog site for anything Caribbean
  10. Instagram.com/plantbasedforyou (Guyana) changing how we eat, one produce at a time

We welcome all startups to register on the site to profile their companies for future opportunities. Congratulations to the selected finalists!

 

We had up to 50 entrepreneurs on the call for demo day cheering on their fellow comrades and submitted votes on the top pitch. After pitching their business online in front of investors and startup influencers, we are pleased to announce the top 3 teams! It was a tough competition but the top three winners are Aquaflow a.k.a PumpNSpray (Jamaica), PlantBasedForYou (Guyana) and Kwabosal (Haiti).

  1. First Place: www.aquaflowjm.com (Jamaica) water efficiency for the future
  2. Second Place: Instagram.com/plantbasedforyou (Guyana) changing how we eat, one produce at a time
  3. Third Place: www.kwabosal.ht (Haiti) Destined to become the amazon of Haiti-#1 e-commerce for the country

 

 

 

 

 

Caribbean Startup Ecosystem

Accelerator Pilot Report

Our summer cohort are graduates of the following startup development programs and competitions:

  1. Caribbean Innovation Challenge
  2. Pitch it Caribbean
  3. IDB Demand Solutions 
  4. NEDCO Entrepreneurship Boot Camp
  5. Global Leadership Coalition Entrepreneurship Boot Camp 
  6. Caribbean Entrepreneurship Challenge
  7. 711 Startup Pitch Competition Event
  8. 1776 Challenge Cup – Local
  9. Idea 2 Innovation Competition
  10. Arthur Lok Jack Bizbooster Incubator
  11. UStart Incubator (University of Trinidad and Tobago
  12. Startup Weekend, HBX (Harvard Business School)
  13. Devlabs
  14. prohaus.vc
  15. MCI start-up accelerator
  16. CodeSPRINT 2016
  17. Branson Centre Online Training Programme
  18. KingstonBETA
  19. Startup Weekend
  20. Startup Grind 
  21. Climate Innovation Center 
  22. Women Innovators Network in the Caribbean
  23. Creativity for Employment and Business Opportunity
  24. Youth Leader of The Americas Initiative
  25. Forum on Finance (Haiti)
  26. Haiti Renewal Alliance (HRA) Expo
  27. A USAID (Haiti) project called Konbit
  28. Digicel entrepreneur of the year
  29. Jamaica Business Development Corporation
  30. US Department of State ” International Visitor Leadership Program (IVLP)
  31. Entrepreneurship Program for Innovation in the Caribbean (EPIC)
  32. FCC’s Small Business & Emerging Technologies Conference & Tech Fair
  33. MEMA business plan training
  34. The National Integrated Business Incubation System (IBIS)

Caribbean Startup Ecosystem

Boot Camp Pilot

 

 

After closing an amazing digital accelerator summer session with 105 top companies, CaribbeanStartups.com is pleased to announce the Fall Boot Camp & Demo Night on October 12, 2016.

 

Wednesday: 6pm-9pm EST Fall Boot Camp & Demo Night

  • 6pm- 6:30 PM How to Access Our Annual Accelerator + First Annual Online Caribbean Startup Ecosystem Expo
  • 6:30-6:45 PM Code It Caribbean- How to Learn to Code in 30 Days for Free!
  • 6:45-7:00 PM  How to Launch a Startup in 24 Hours
  • 7:00-7:30 PM How to Build & Scale in 6 Months (Crash Course)
    • Product development 101-Ideation, Beta Testing, Customer Acquisition
    • Customer development 101- How to get 10,000 users in 6 months
    • Marketing 101- pitching, social media campaigns, press, and PR, event management
    • Fundraising 101- How to raise capital via crowdfunding, crowd equity, angel & VC investment and unconventional methods
  • 7:30-8:00 PM Mass Challenge Program
  • 8:00-9:00 Pm Online Demo day-Pitch to our investment/partner network (details TBA). We will host a virtual pitch off event for selected startups to connect with top investors, partners, and mentors