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ICT businesses invited to apply for grant funding

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Businesses which are Information Communication Technology (ICT) based or ICT-enabled in nature are being invited to apply for grant funding up to EC$150,000.

The first Call for proposals from potential Business Incubatees was opened on Friday, February 27, by the Ministry of Foreign Affairs, Foreign Trade, Commerce and Information Technology under the Caribbean Regional Communications Infrastructure Program (CARCIP) St Vincent and the Grenadines project.{{more}}

The Grant will be administered as part of the Business Incubation and Training Grants programme where businesses can apply for maximum grant funding up to EC $150,000 (US$55,800).

To be eligible, the business must be ICT or ICT-enabled in nature and be a client of the eligible incubator acceptable to CARCIP which is the St Vincent and the Grenadines National Centre of Technological Innovation (SVGNCTI). The business must be legally

registered with the relevant authorities in St. Vincent and the Grenadines, provide counterpart funding of 20 per cent of the cost of the project (20 per cent can be in-kind, an equivalent monetary amount or a combination of both) and accept the financial requirements of the programme.

For more information, interested applicants can contact the CARCIP Office located on the 4th Floor of the CLICO Building in Kingstown at telephone number 456-1223 or email carcipsvg@gov.vc. The Call for proposals will close on March 27, 2015.

CARCIP SVG is a project implemented by the Central Planning Division and coordinated by the Ministry of Foreign Affairs, Foreign Trade, Commerce and Information Technology. It is

a regional initiative that involves St. Lucia, Grenada and St. Vincent and the Grenadines and financed through a loan by the World Bank. This programme is estimated to cost US$2 million.

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