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Young Americas Business Trust

 

The Pinelands Creative Workshop (PCW) in cooperation with the Young Americas Business Trust (YABT) – Organization of American States, and strategic partners – Mashav – Israel’s Agency For International Development Cooperation, Ministry of Foreign Affairs, Jerusalem, The Golda Meir Mount Carmel International Training Center (MCTC) and the United Nations Development Program (UNDP hosted a five (5) day Business Lab in Barbados from 11 – 15 March 2013, at the UWI – Open Campus, The Pine, St Michael.

The five-day Business Lab placed focus on Cultural Enterprises or culture-based entrepreneurship carries a twofold purpose.  It was designed to help young people between the ages of 18-35 to reinforce their business ideas or plans, which can later be developed into established businesses. Complimentary to this, the Business Lab was structured to develop trainers – who are within this age range or exceeded – but who were capable of replicating the Business Incubator exercise as a continuum in the dissemination of the lessons learned and methodology acquired to others.

The Workshop used the MCTC methodology of “learning by doing” in the form of unique “real-life” business simulation. In addition to lectures by the local guest and Israeli Team- Mr. David Slyper – Director, Mentor and Business Entrepreneur. Former Founder and CEO of Business Development Centers (MATI) and Technology Incubators in Israel and Innovator of SME supporting tools and networks; and Ms. Rina Yaffe – VP MATI, Northern Galilee SBDC, Israel. Expert in developing training programs using experiential learning methods. Facilitation of innovative workshops on entrepreneurship and on the implementation of SME supporting tools and networks in developing countries.

Emphasis was placed on practical exercises utilizing such techniques as the “Open for Business” entrepreneurial mind setting process integrated with the “Business Model Canvas” and the traditional Business Plan Template, together with stimulating games and various simulations. At the end of the Workshop the teams were requested to present their business models to a simulated “Business Incubator Committee” comprised of representatives of some of Barbados’ leading enterprise development agencies namely Small Business Association; BIDC, YES and the Barbados Youth Business Trust.