What solution(s) does your initiative address to help emerging entrepreneurs and small businesses grow and thrive in underserved communities? (select all applicable)
Access to financing, Access to talent, Access to supply chains, Access to economic opportunity.
What has been the impact of your solution to date?
The project idea was recognized by a lot of persons as being very innovative as many found it could be applied in there parts of the world. Being one of the 38 plans to go to the TIC Americas finals the idea has gotten a lot of recognition.
What is your projected impact over the next 1-3 years?
Like many parts of the world, Dominica is currently experiencing very high youth unemployment rates, amongst women in particular. The Government and other stake holders, such as DEXIA (Dominica export import agency), Discover Dominica, OECS office, Ministry of Trade and the cultural division are all looking at ways to develop employment on the island, including the existing craft production on island. Women and girls are disadvantaged in the marketplace due to lack of income generating skills, so this project will impact better life and growth of and industry.
What barriers might hinder the success of your project? How do you plan to overcome them?
The main hurdle of the plan is to acquire funding, which will allow the purchasing process to begin. Quotes have already been confirmed and volunteers have agreed to help with renovating the location. Once funding is confirmed, the training opportunity will be marketed to young people who are interested in furthering their craft making skills. The participants will be selected by an interview assessing their suitability and places will be awarded to those most in need. Participants will attend twice a week to take classes held by retired volunteers and, over the 13 week course, will be developed to form their own co-operative.
Winning entries present a strong plan for how they will achieve and track growth. Identify your six-month milestone for growing your impact
36 young persons trainned
Now think bigger! Identify your 12-month impact milestone
Local and export sales and 36 young persons generating an income.