FUNDING INNOVATION: Bahamas Development Bank to offer series of grants starting with orange economy

FUNDING INNOVATION: Bahamas Development Bank to offer series of grants starting with orange economy
(FILE)

Limited number of orange economy professionals will receive MacBook Pro courtesy of BDB

NASSAU, BAHAMAS — The Bahamas Development Bank (BDB) is offering a series of grants aimed at supporting innovation in the colorful economies.

The first of these offerings falls under the umbrella of the orange or creative economy, which covers arts and heritage, cultural industries, digital media and technology, among other areas. 

The $70,000 Technology Micro-Grant Program will equip videographers, musicians, photographers and other artists with technology to improve the quality of their productions.

Young people, in particular, can benefit from this grant which looks to scale up artists with potential.

– BDB Financial Controller Ashley Outten

These grants are aimed at individuals who have demonstrated talent and experience in the creative field of their specialization but have had challenges in acquiring professional computing equipment.

BDB will provide MacBook Pros to a limited number of professionals who clearly articulate the benefit the device will have on their craft and show a plan for expanding their market penetration.

According to Ashley Outten, BDB’s financial controller: “It is the bank’s view that the Bahamian orange economy is ripe with opportunity, so we are interested in directing more investment toward creatives.

“Young people, in particular, can benefit from this grant which looks to scale up artists with potential.”

Globally, the demand for creative goods and services is rapidly growing. The Bahamas has a unique cultural experience that can contribute to building a sustainable, inclusive and equitable future for all.

The BDB said it is committed to enhancing support for Bahamian entrepreneurs and artisans of every size through targeted investments within this sphere.

Interested candidates are invited to visit the bank’s social media pages or website at www.bdb.gov.bs for more information regarding the application process and requirements.

Applications for the grant call remain open until Monday, February 14, 2022. 

1 comments

FUNDING FOR GRANT / LOAN.
Dear Sir/Madam,
I am writing to request for your financial support for my business. Amansie Oil Mills is a Small Scale Palm Oil Processing and Distribution Company registered as a Sole Proprietorship at the Registrar General’s Department in Ghana. Amansie Oil Mills has a dream of helping about 1000 Plantation Outgrowers mostly women (Farmers and Artisanal Millers) who feed the factory with their produce (Fresh Fruit Bunches). Since our machines are locally manufactured, the oil quality do not meet up to the highest standard of the Roundtable of Sustainable Palm Oil (RSPO). This affects the market price by 50% reduction. In view of this, the company tend to seek for your support and offer a grant or loan of 75,000 USdollars to purchase Automated Machines and inputs to curb the challenges at hand. We pledge to coply the terms and conditions with regards to the mode of payment post the release of the funds. Your assistance would aid the company by employing over 100 permanent employees mostly women. I hope this request will be favorably met.
Very Best Regards,
Appiah Kubi,
The Sole Proprietor,
Amansie Oil Mills.

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