Stimulating Private Sector Development in Barbados through Social Innovation

implementation

The general objective of this TC is to support the Government of Barbados to design a set of strategies, policy tools and instruments that can position Barbados as a test bed for globally oriented social innovation start-ups which could have positive entrepreneurial and growth externalities to the rest of the economy. The specific objectives are: (i) to support the Barbados' Government to produce a roadmap for the development of a global innovation sandbox; and (ii) to develop complementary risk capital financing mechanisms to expand the entrepreneurial scope of such a sandbox.