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Pillar Presentation - Mentorship & Networks
Pillar Presentation - Mentorship & Networks
Pillar Presentation - Mentorship & Networks
Pillar Presentation - Mentorship & Networks
Pillar Presentation - Mentorship & Networks
Pillar Presentation - Mentorship & Networks
Pillar Presentation - Mentorship & Networks
Pillar Presentation - Mentorship & Networks
Pillar Presentation - Mentorship & Networks
Pillar Presentation - Mentorship & Networks
Pillar Presentation - Mentorship & Networks
Pillar Presentation - Mentorship & Networks
Pillar Presentation - Mentorship & Networks
Pillar Presentation - Mentorship & Networks
Pillar Presentation - Mentorship & Networks
Pillar Presentation - Mentorship & Networks
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Pillar Presentation - Mentorship & Networks

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Presentation of the ideas generated from the discussions, the gaps, medium to long term plans, priority areas for 2011.

Presentation of the ideas generated from the discussions, the gaps, medium to long term plans, priority areas for 2011.

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  • 1. Mentorship and Networking Pillar Summit Outcome & 2011 Action Plan
  • 2. Mission “Establish mechanisms that generate a successful cycle of mentorship in 2011 in order for Barbados to be the #1 Entrepreneurial Hub in the World by 2020” Measures of Success  Champions for each theme identified by 1st Dec 2010  Relationship with 3 media house established by Jan 2011  Establish monthly mentoring meetings within Entrepreneur community
  • 3. What does World Class look like?  Internationally recognized and celebrated role models  Pay it forward mentality, mentees become mentors  Environment without fear  Collaboration of Government, Private Sector, Academia and other agencies  Formal structure to enable quick and fair response to requests for assistance (be it funding, advice, scholarships, internships, government licenses/permissions)
  • 4. Where is Barbados on the Benchmarks / Indicators -(score out of 10) Benchmark / Indicators World Class Barbados Highly connected entrepreneurial community, purposeful networking USA (San Diego) – 8 3 Active Investment opportunities, access to value driven investment partnerships UK - 8 3 High levels of accountability, trust and credibility Denmark - 9 2 Internationally renowned role models USA - 7 2
  • 5. • Highly connected entrepreneurial community, purposeful networking  Great examples of outstanding mentoring but not adequate (quantity)  Several organizations exists e.g BIDC, Invest Barbados, BYBT, YES, Bimventures and others but they are not connected .  No mechanism to connect entrepreneurs to potential mentors.  Low awareness levels of how to access business persons  No networking event or facility specifically for entrepreneurs • Active Investment opportunities, access to value driven investment partnerships  Lack of hand holding  Mechanisms exists such as CBET, Bimventure shepherds  Lack of awareness of existing mechanisms  Fear of poaching of ideas Situation in Barbados
  • 6.  High levels of accountability, trust and credibility  Small market syndrome  Low levels of trust among entrepreneurs towards potential mentors  Limited focus on entrepreneurship development of young persons ( overcoming the fear factor, building self-confidence, improving business skills)  Internationally renowned role models  Sir Kyffin Simpson, Sir C. O Williams, Bizzy Williams.  Few internationally renowned role models  No celebration of success stories (i.e. local role models) Situation in Barbados...cont’d...
  • 7. Mentorship and Networks for Entrepreneurship Key Themes:  Create supportive and interactive networking  Establish governing body representing relevant organizations  Cultivate enabling culture for entrepreneurship  Celebrating successful mentor – mentee partnerships  Looking beyond borders of Barbados
  • 8. Create supportive and interactive networks  Monthly networking event (face-to-face)  Online forum/share point  Directory of resources (summit speakers, panelist, moderators, participants as starting point)
  • 9. Establish an umbrella body representing various stakeholders  Introduce entrepreneurs to suitable mentors  Identify point of contact within stakeholder organizations  Introductory function to lenders, government bodies
  • 10. Cultivate enabling culture for entrepreneurship  Educate Mentors on the key values of a mentor – mentee relationship  Influence people from early years on benefits of business mentorship  Develop business mentorship awareness initiatives
  • 11. Celebrating successful mentor – mentee partnerships  Establish relationship with media  Create an avenue for people to tell their stories  Publicising examples of outstanding mentorship
  • 12. Looking beyond borders of Barbados  Identify international mentorship opportunities  Seeking best practice examples from other economies  Utilise international speakers at monthly networking events to raise awareness of world class standards
  • 13. Medium Term – Executing the Plan  Develop and implement entrepreneurship public awareness and involvement campaign (business mentorship as a key ingredient in growing sustainable entrepreneurship in Barbados).
  • 14. Long Term – Executing the Plan  In collaboration with the social partnership establish the policy framework to create the enabling culture for entrepreneurship (Ministry of Education and Human Resource Development as the target ministry)
  • 15. What Why When Who Status Remarks/Actions/Measures Establish a monthly networking event and online forum/share point. In order to share knowledge, experiences and create an open discourse on entrepreneurship January 2011 TBC Volunteer leaders. Measure – number of people attending the event. Website traffic. Fully operational directory Celebrate successful entrepreneurs & examples of mentorship In order to raise awareness on mentorship opportunities. Build confidence in the entrepreneurs and encourage potential mentors and entrepreneurs to take the challenge . Week 1, Dec, 2010 TBC Measure: Increased awareness of where and who to go for mentorships. Addition of personal storiesd to forum post designed to capture experience. Invite the media leaders to an inception event To share information on the importance of business mentoring in helping young entrepreneurs to start and grow businesses. Dec 2010 TBC Establish a point of contact at media houses for young entrepreneurs. Establish a structure to drive interest in mentorship In order to have clear guidelines on developing world class mentorship program. 31 Dec 2010 TBC Complete structure is delivered to the E-Team and partner organizations. Priority Areas 2011– Executing the Plan
  • 16. Re-affirm Mission “Establish mechanisms that generate a successful cycle of mentorship in 2011 in order for Barbados to be the #1 Entrepreneurial Hub in the World by 2020”

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