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29-Aug-13 Slide 3
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.
29-Aug-13 Slide 4
CCICs around the World
Kenya
Ethiopia
Caribbean
Vietnam
South Africa
India
World Bank
29-Aug-13 Slide 6
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
29-Aug-13 Slide 8
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
29-Aug-13 Slide 9
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
29-Aug-13 Slide 11
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.
29-Aug-13 Slide 12
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
29-Aug-13 Slide 13
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.
29-Aug-13 Slide 14
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
29-Aug-13 Slide 15
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
29-Aug-13 Slide 17
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
29-Aug-13 Slide 19
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
29-Aug-13 Slide 21
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
29-Aug-13 Slide 22
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
29-Aug-13 Slide 23
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.
29-Aug-13 Slide 25
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