UWI Venture Competition 2013
Builds Innovators through Mentorship
The Joan Duncan Foundation, responding to the critical challenges of unemployment, small business difficulties and a seemingly lack of positive and ethical business practices; partnered with the University of the West Indies (UWI) Mona School of Business & Management to support the rouse in a spirit of entrepreneurship in young people and stimulate the growth of the small business sector for the 2013 staging of the UWI Venture Competition. In addition to the sponsorship, four JMMB executives volunteered their time as mentors for teams participating in the competition, with three of these teams reaching the exciting finals. During the final presentations on November 29, 2013 the top four teams presented their business ideas and budgets- and fielded questions from the esteemed judges. After the informative presentations and the judges announcements, the team of Ana-Kay Green and Alicia Brown’s Regal Farm Limited, mentored by JMMB’s Roy Reid won top honours and will go on to represent Jamaica at the International Opportunity Funding Corporation Innovation & Entrepreneurship (OFCIE), in Atlanta Georgia in 2014. They also won a one-year scholarship for each member to the Mona School of Business and a place in the Vincent HoSang Entrepreneurship programme. The JMMB mentored team of Salomie Lyle-Scott and Oniel Grant, with their plan for MicroDiagnostic Solutions placed third, winning a six-month scholarship for each member from the Mona School of Business. The competition is aligned with the Foundation’s mantra by providing a unique learning experience for the participants who had the opportunity to launch their own companies while participating in the exercise.