Hunted Offshore takes home the Cayman Islands Business Design Competition’s “Project of the Year”.
George Town, Grand Cayman, Cayman Islands (22 April 2024) – The 4th annual Cayman Islands Business Design Competition “Pitch Day” took place Saturday, 20 April 2024 at the Vault Compass Center. Six Cayman-born projects competed for USD $17,000 in cash prizes and wraparound business services.
Produced by Enterprise Cayman and sponsored by Cayman Enterprise City (CEC), the annual Business Design Competition invites Cayman’s entrepreneurs to showcase their new and innovative business ideas. This year’s competitors were shortlisted from an impressive cohort of 20 submissions. Programme finalists took part in an intensive series of workshops, project advisor meetings, networking events, and a “Pitch Day” where they presented their finals projects to a panel of judges, which included Rodney Alison Founder of Synergy Technology Engineering Limited SEZC, Rich Dyer Co-Founder of Massive Media, new to the stage this year we had John Wensveen Chief Innovation Officer & Executive Director of the Alan B. Levan Centre at Nova Southeastern University, Caine Smith Founder & Managing Director of AirVu Media and Keisha Mason 2022 Business Design Competition Creativity Award Winner and 2023 Launch Labs Alumni.
“We were absolutely blown away by the fresh ideas produced and the talented individuals that presented final projects during the ‘Pitch Day’,” said Alyssa Manderson, Senior Programmes and Events Coordinator at Enterprise Cayman. “We are so excited to watch these projects evolve and welcome them to our new Launch Labs Studios initiative. I can’t wait to see what these talented individuals will accomplish.”
The Competition was launched in 2021, on the heels of the COVID-19 pandemic, to help Cayman’s creative individuals and entrepreneurs access to key resources to identify and validate new ideas and opportunities to commercialise. To date 33 Cayman-born business ventures, including Emailchaser, Island Pet Co., and BizHub, have completed the competition and are part of a growing community of entrepreneurs.
“Our Business Design Competition is part of what leading regional economist Marla Dukharan has dubbed the ‘largest innovation ecosystem in the region’,” said Charlie Kirkconnell, CEO of CEC and Director of Enterprise Cayman. “We have developed and continue to develop a platform where innovators can connect, and we offer a welcoming business environment that truly fosters innovation — a place where individuals, local businesses, and global ventures can thrive!”
2024 Competition Finalists:
2024 Programme Instructors & Project Advisors: Rodney Alison, Thais Ducent, Rich Dyer, Dylan Jackson, Rudolph Johnson, Zorina McCoon, Walker Romancia, David Strucke, Ty Thomas, Ramona Tudorancea, George Wauchope, Hollie Whitelocke, James Whittaker, and Qamar Zaman.
2024 Competition Awards & Winners:
"Training has been fantastic. Everybody was so helpful, we learned a lot from them throughout this experience," said Mae Douglas from E-Waste Recycling, winner of The People's Choice Award.
"A huge heartfelt thank you. From the moment I reached out when I saw the competition advertised on LinkedIn the team was incredibly responsive," said Kayleigh Wright from Hunted Offshore, winner of The Project of the Year.
"It is a very great opportunity, and I'm very thankful to Cayman Enterprise City and the mentors who actually gave their time to mentor us. It has been an excellent process for us to learn and fulfill our passion," said Kailasa Hiimabindu from Music Mate.
"Many thanks to everyone who was involved in coaching and mentoring us throughout this process. It has been a wonderful experience through and through, and I'm excited to see the outcome of everything to come after," said Anthony Wambua from EcoBloxx winner, of The Community Impact Award and The Innovation Award.
George Wauchope, Co-Founder and CEO of Emailchaser and Business Design Competition Alumni said, “In 2022, I won the Enterprise Cayman Business Design Competition. This was extremely helpful for Emailchaser’s growth, as it provided awareness about my business, and also $10,000 USD which was very useful at that stage to fund part of the email finder tool. It was also a great learning experience. It has helped Emailchaser immensely in getting to where it is now, and has made a big impact on where company is headed.”
“Our innovation ecosystem now also features Launch Labs, an incubator designed to help projects progress from the idea validation stage to investment ready status, a nurture programme called Launch Labs Studios designed to support those projects, and a fledgling Angel Investor network,” said Kirkconnell. “We invite everyone to take advantage of Enterprise Cayman’s resources and supportive business network and would love to hear from anyone who might be interested in supporting or getting involved as a programme partner.”
The Launch Labs Studios initiative is now open for registration. To apply please visit www.enterprisecayman.ky. For enquiries email innovate@enterprisecayman.ky.