According to Cayman Enterprise City, ten finalists have now been selected in the 2022 Cayman Islands Business Design Competition, which is produced by the NPO Enterprise Cayman and sponsored by Cayman Enterprise City to help creative individuals and aspiring entrepreneurs. accelerate their business ideas and get your projects off the ground faster with the help of professional support networks.

Cayman Enterprise City said that to get to this stage, creative individuals, businesses and entrepreneurs were invited to apply for the high-impact competition to help launch their next innovative business idea. Cayman Islands residents over the age of 18 had until January 30, 2022 to submit their business design proposals.

According to the press release, the ten finalists are now one step closer to winning ‘Project of the Year’, a cash prize of $10,000, plus sponsored business services packages worth up to an additional $13,500.

Cayman Enterprise City said attendees were judged and shortlisted based on their overall business idea, including project potential, viability, innovation, and long- and short-term community impact.

After the preselection, the ten finalists, as identified by Cayman Enterprise City, were:

• Café de la Etudier: a Café, office and study space by Janaye Prehay, Rhon Royer & Greyshell Bent
• ConnectKind: A social hub for volunteers and stakeholders by Jennifer Marshall
• Dark Horse Tan: a healthy, body-positive self-tanning service and products by Amber Ford
• Emailchaser.io: a Marketing tool for contact emails by George Wauchope
• Gift Fairy: A Digital Gift Card App by Daval Gregory & Berat Recepoglu
• HelloKlub: a community activity club app by Jesper Barrozo & Chlouie Gaetos
• Ports & Shipping Lines App: a web-based logistics tool for shipping by Willem Jacobs
• SECRET2SAFETY: a self-defense product for women by Lakeisha Mason
• The Wellth Club: A Socially Responsible Health Club by Taryn Stein
• Wash, Press & Fold 24/7: an on-demand laundry service by Dhalia Dames

Speaking of competition, Charlie Kirkconnell, CEO of Cayman Enterprise City and Director of Enterprise Cayman, said that “tThe Cayman Islands Business Design Competition helps strengthen Cayman’s innovative support ecosystem” and “the competition promotes knowledge sharing among professionals and helps drive business innovation”.

Cayman Enterprise City said the next step is for fparticipants to participate in an intensive “Design Weekend” on February 26 and 27 where, with the help of instructors and seasoned entrepreneurs, they will prepare their final presentation during “Pitch Day” in front of a panel of judges due to take place April 2nd.

Design Weekend will include a series of activities and workshops on financial planning, market research, intellectual property, raising capital, public speaking and more, to help competitors refine and improve their business ideas with the help of some of the best entrepreneurs, innovators, and professionals in the business. The design weekend will include workshops such as:

• Althea West-Myers – Competition Instructor, The Cayman Islands Center for Business Development
• Alicia Sizemore – Competition Instructor, Financial Planning Master Session, Founder of White Cloud Accounting KY
• Charlie Kirkconnell – Competition Instructor, Building Your Business in the Cayman Islands, CEO, Cayman Enterprise City
• Fiona McDougall – Competition, Startup and Business Growth Instructor, Professor/Owner and Director of Healthy Futures and Healthy Growth
• Ivan Eubanks – Competition Instructor, Public Speaking, Acting Dean of Business and Finance at University College of the Cayman Islands
• Michael Jenkins – Creating the Largest Pitch Deck, First Ascent Ventures
• Ramona Tudorancea – Competition Instructor, Raising Capital & Project Mentor, Founder and Managing Director, JB Advisory Services SEZC
• Rich Dyer – Competition Instructor, Market Research, Co-Founder, Massive Media
• Rudolph Johnson – Business Innovation, Innovation Consultant, Barclays PLC
• Tanya Wigmore – Competition Instructor, Going to Market, Founder and Chief Growth Officer, CRO:NYX SEZC
• Tom Jenkins – Competition Instructor, The Reality of Business Ethics, OpenText Corporation, Communitech

After the Design Weekend, finalists will have one month to prepare for ‘Pitch Day’ where competitors will pitch head-to-head for the chance to win ‘Project of the Year’ and win 10 000 USD plus 13,500 USD in business start-up assistance. services. Other coveted awards available include the $2,000 Community Impact Award, for a business proposition that makes a difference in the eShore-sponsored community, and the $2,000 “Creativity Award”, for an inspiring business proposition. , new or unconventional sponsored. by Ava Labs. The ten finalists will receive an enterprise support “prize package” worth over $1,500 and complimentary one-year access to the Enterprise Cayman Launch Labs studio!

“This competition is a very exciting initiative for the Cayman Islands, where entrepreneurship is an integral part of our economy and our community. The proposals of our finalists harbor real potential for creativity, innovation and commercial success. The coming weeks will be an exciting time for our finalists as we connect them with our vast network of industry experts to help them become local entrepreneurs and business owners,” said Peter Reilly, Vice President of Public Engagement and Enterprise Technology. Caiman. “While our Cayman Shark Tank Pitch Day will mark the end of the competition, we hope this is just the first day for our winners and the new opportunities and businesses this initiative will create.”

Tickets will be made available to members of the public to attend the “Pitch Day” where the teams will compete by presenting their projects in front of a jury. The event will take place on Saturday, April 2, 2022 from 10:00 a.m. to 1:00 p.m. at the Prospect Playhouse Theater. For more information, members of the public can email [email protected]