The Barbados Investment and Development Corporation (BIDC) will launch an initiative called Accelerate 20/20, which is aimed at building high growth, high-value export companies over the next two years.
The launch will take place tomorrow, Wednesday, March 27, at 5:00 p.m. at the Bagnall’s Point Gallery, Pelican Centre, Princess Alice Highway, St. Michael.
According to a statement from the BIDC: “Accelerate 20/20 will involve identifying, prioritizing and providing integrated developmental assistance to 20 companies that can earn significant levels of foreign exchange through exports or provide meaningful foreign exchange savings through import replacement.
“The programme aims to provide the resources and conditions to accelerate growth in emerging and fast growing ambitious companies and high potential sectors.” The BIDC also said that through the cooperation and collaboration of stakeholders and industry partners, Accelerate 20/20 would facilitate the necessary diagnostic assessments and technical assistance to expand the earning capacity of exporters.
“By providing ready access to financial resources, research and development, business intelligence, export marketing and other specialized technical assistance, the BIDC is seeking to expand Barbados’ overall exports and increase the number of companies exporting. This is an extraordinary opportunity for us, at this time, to engineer the exponential transformation of local businesses through collaboration and strong partnerships,” the BIDC said.