Presenter: Mona Whyte Manager, Information Services Division, SRC

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Presenter: Mona Whyte Manager, Information Services Division, SRC

29-Aug-13 Slide 2

BACKGROUND

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World Bank - InfoDev

• Coordinated by World Bank’s Group - InfoDev

(Washington DC).

• Its mission is to enable innovative entrepreneurship for

sustainable, inclusive growth and employment in

developing countries.

• Manages a global grant program to promote innovative

projects on the use of information and communication

technologies for economic.

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CCICs around the World

Kenya

Ethiopia

Caribbean

Vietnam

South Africa

India

World Bank

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TARGET GROUP - MSMEs

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Some Challenges MSMEs face

• High energy costs due to high energy consumption patterns and inefficient energy use.

• Un-competitiveness as a result of these energy costs.

• Lack of information tailored to assist MSMEs in reducing energy consumption

• Lack of access to environmentally friendly or renewable technologies.

• Limited capacity to access financing from financial institutions for implementation of renewable energy and energy efficiency and conservation projects.

29-Aug-13 Slide 7

EU study looked at Barriers to Innovation in four

Countries: Jamaica, Trinidad & Tobago, St. Vincent &

the Grenadines and St. Lucia

o High cost associated with innovation projects

o Lack of funding and human capital

o Lack of financial resources

o Lack of appropriate expertise and knowledge

o Lack of incubation for entrepreneurs

o Low investment initiatives by government

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EU study looked at Barriers to Innovation in four

Countries: Jamaica, Trinidad & Tobago, St. Vincent & the Grenadines and St. Lucia – cont’d

Needs of MSMEs

o Technology support for product development

o Support in their export promotion efforts – assistance

with certification

o Cooperation among stakeholders

o Assistance with business development services

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Some Solutions from the

countries

o Active stakeholder involvement

o More networking

o Promotion of R&D opportunities

o Knowledge of regional partners and their initiatives

o Access knowledge of funding opportunities

o More transfer of technology

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CARIBBEAN CLIMATE

INNOVATION CENTRE (CCIC)

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Objectives of CCIC

Many of the findings of EU study concur with the following

objectives of CCIC:

o Increase Profitability, Innovation and Business Models

o Introduce Technologies that meet local needs and

increase sustainability.

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Objectives of CCIC (contd)

• Promote use of local Climate Technologies

• Introduce Climate Technologies and related

information that meet local SME energy needs

and lead to increased sustainability

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Major Players and Roles

• SRC & CARIRI prepared a JOINT PROPOSAL in response to a World Bank call

to host the regional Centre. The Joint team was awarded

o Responsible for overall coordination – based in Jamaica o Focus on Northern Caribbean Countries.

• CARIRI o Responsible for financial management - based Trinidad & Tobago o Focus on Southern Caribbean Countries

SRC/CARIRI Joint Activities: Incubation, Training, innovation, Prototype Design, Business Development, et al.

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Country Nodes of Major Players

SRC CARIRI

Jamaica Trinidad & Tobago

Bahamas Grenada

Haiti Guyana

Belize Suriname

Antigua/Barbuda Barbados

St Lucia St Vincent/Grenadines

St Kitts/Nevis Dominica

Montserrat

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Focus Areas - Climate Technologies

INNOVATIONS in

o WASTE TO ENERGY

o RENEWABLE ENERGY

o ENERGY EFFICIENCY

o FOOD & AGRIBUSINESS

o GREEN BUILDING & DESIGNS

o WATER TECHNOLOGIES

o TRANSPORTATION

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CCIC STRUCTURE

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CCIC Organizational Structure Management Committee (5)

Advisory Committee (9)

Technical & Financial Review Committee

(>3)

Managing Director

Administration, Finance, Grants

CCIC - SRC CCIC - CARIRI

Climate Innovation Change Leader

Climate Innovation Change Leader

Network, Partners, Nodes

(Northern)

Technology, Knowledge

Incubators, MSMEs, Mentors

Network, Partners, Nodes

(Northern)

Technology, Knowledge

Incubators, MSMEs, Mentors

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CCIC Structure and Process Flow

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Process Flow

Implement/Monitor/Evaluate

Activities/Resources Agreement Board Decision

Awareness Building for

Potential Beneficiaries

Expressions of Interest from

Potential Beneficiaries

Evaluation by

Centres

Assessment by

Technical Committee

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SERVICES OF CCIC

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Services to be Offered Access to Mentoring • Training – Business Training & technical Training

• Business Incubation Services

• Business Planning

• IP Advisory Services

Access to Policy Support • Policy Advocacy

Access to Market Information • Market Intelligence Services (Pricing, Market size, Market studies)

• Marketing & PR

• Research & Development

• Feasibility Studies/Bankable Proposals

• Database to Financing & Funding Opportunities

• Information & Technology Consultancy

• Consultancy for Commercialisation

• Technology Identification

• Technology Evaluation

• Technology Sourcing

• Technology Transfer

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Services to be Offered Access to Financing • Proof of Concepts

• Financing – Direct Financing

• Financing/Investment Facilitation – Leveraging Financing through

Debt &/or Equity Financing

Access to Regional & International Partners • Networking & Collaboration – National, Regional & International

• Physical facilities – Office Space and Pilot Plant Facilities (for select

technologies).

• Laboratory Testing

• Prototype Design

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What will the Caribbean CCIC

Project do?

• Provide support to Domestic Businesses(MSMEs) in

CARICOM Member Countries

• Promote use of local Climate Technologies

• Seek to Increase Profitability, Innovation and Business

Models

• Seek to Introduce Technologies and related information

that meet local needs and increase sustainability.

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BENEFITS

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Benefits to Jamaica

• An Enabling Environment Supporting Employment

Creation – direct and indirect impacting poverty

alleviation

• Support for Business Development Using the Venture

Capital approach in Clean Technology Sectors

• Allow for MSMEs to showcase their Businesses to the

Region

• Increase Energy Access

• Offset of Carbon Emissions

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CARIBBEAN CLIMATE

INNOVATION CENTER