NASSAU, BAHAMAS – 2 B Investments Limited has received $300,000 in funding, marking the highest financing awarded to a client of the Small Business Development Centre’s Access Accelerator to date.
RBC Bahamas Limited funded the beverage company $211,000, and a private investor committed $89,000 to ensure that Christine Albury could bring her brewery dreams to life.
Following the death of her husband, Albury wanted to honor his memory, and the fun times they shared on Rose Island as a family by concocting his favorite brew.
“We named it Rip Ty’d to pay homage to (my husband) Tyrone and his talent of brewing as well as his love of the ocean. Our nautical theme was a concept generated on Rose Island, the Bahamas in 2014. It is reflective of the Bahamian waters and our beaching past time with Family.”
Remaking his favorite drink soon moved from a hobby to an experience Albury believed could be shared commercially.
“That was the hardest part,” said Albury, “deciding to transit from a hobby to commercial set up. We were faced with multiple hurdles throughout the years, which we refer to as growth experiences.”
Albury’s ability to grow through those experiences helped significantly as she went through the SBDC process.
She would recommend the SBDC to those companies who, as she says, “have the perseverance and willingness to commit your time and effort at a fairly intense level as required by the SDBC”.
Albury will use the funds obtained through the SBDC and her partner to get equipment and continue building.
As for long term goals, she hopes to take Rip Ty’d to every island in The Bahamas and eventually across the world.
The SBDC is the product of a tripartite arrangement between the Government, through the Ministry of Finance, University of The Bahamas (UB) and the Bahamas Chamber of Commerce and Employers Confederation (BCCEC).
The Centre will work to guide the development, funding, growth, and evolution of Micro, Small, and Medium-sized Enterprises (MSMEs) in The Bahamas.