COSME encourages entrepreneurship in OCTs

A European Union (EU) funded programme organised a study visit to Eindhoven, Netherlands, for programme participants to learn about its strategy in creating high tech incubators.

The sponsoring programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (SMEs) (COSME) is a 54 month programme with the responsibility to allocate 15M Euros to projects benefiting participating Caribbean Territories. The funds were made available by the EU. The programme’s overall objective is to contribute to the sustainable and climate-resilient economic diversification and prosperity of Overseas Caribbean Territories (OCTs) by improving the competitiveness of Small and Medium-sized Enterprises (SMEs) in the participating territories.

Hundreds of businesses, many of them start-ups and over 10,000 researchers in the high tech industry work in Eindhoven’s incubators. COSME and its Business Support partners from the different OCTs, travelled to the Netherlands with the intention to gain a better understanding of Eindhoven’s approach and methodology to translate this information into effective incubator solutions for the OCT’s.

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Victoria Krisman is Interactive Media Specialist for the Intelligent Community Forum.
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