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From:TheBahamasWeekly.com New Providence
Grant funding program created to birth new Bahamian entrepreneurs Nassau, Bahamas - Island Luck Cares Foundation announces the start of the OWN Your Bahamas specially designed course at the College of the Bahamas, for grant recipients. The seven grant recipients began their first course on “ How to Start and Operate a Small Business” at COB this past Friday. Through this course, participants will learn additional skills and knowledge in the areas of business management, financial planning responsibility and start up practices and policies of the Bahamas. The course will run for 6 weeks during which time program participants will also receive mentorship from some of the country’s leading executives, business leaders and entrepreneurs. OWN is an initiative focused on offering entrepreneurial opportunities for persons who have new and exciting ideas within existing or new industries. These selected individuals display the desire and motivation to own, manage and operate a start-up, but lacked the support and capital to fund the business themselves. “Our main goal for OWN is to assist Bahamians with the financial support, mentorship, and business know-how, while helping to remove other barriers that may prevent small start-up businesses from succeeding”, said Sebastian Bastian, CEO Island Luck. “We’re excited to be able to offer this program to such creative and driven individuals who have shown great potential in creating the next great business or industry in the Bahamas.” About OWN Bahamas The OWN Bahamas program’s design and structure is comprised of the tools all new entrepreneurs need to build a successful startup. The program will teach them how to adapt to change, grow their business and gain traction. This is an amazing venture and an even greater opportunity for the Bahamas. In total, seven candidates were selected, with two successful recipients awarded grants in the amount of $25,000.00 per recipient and the opportunity to attend the Canton Fair in Guangzhou, China. In addition to the Canton Fair grants, the remaining (5) selected recipients were given smaller grants ranging from $5,000.00 to $10,000.00 to assist with starting their business. All grant recipients’ will receive a prize package from OWN’s Corporate Partners: BTC, The Nassau Guardian, Star 106.5FM, HOT 91.7FM, Guardian Radio and United Sanitation, in addition to the certification course offered by OWN’s Education Partner The College of the Bahamas. About the IL Cares Foundation Established in 2009, Island Luck has consistently aimed to empower Bahamians through countless contributions and dedicated community initiatives. The company’s main focus and goal is to directly affect those with the greatest needs. This includes outreach and effective assistance in the areas of poverty, health, education, and now business management, ownership and entrepreneurship. Through their ongoing initiatives, Island Luck aims to dramatically increase the quality of life for hundreds of Bahamians, by empowering them to take part and ownership in a growing economy. Island Luck’s newly established Foundation, Island Luck Cares (ILC), will become the primary source of the company’s socio/economic works and the continued goals and efforts of Island Luck will transfer and be realized through the successful economic empowerment programs of IL Cares.
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