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Champions presentation finance
Pillar Team - Finance

? 2012 Mission
  – Increase access to Angel capital funding.
  – Entrepreneur reality TV show.

? Measures of Success
  – Increase the number of Angels active in the network
    by 400%.
  – Entrepreneurs will be better educated regarding the
    life cycle of a business and its impact on the
    accessing financing.
Pillar Team - Finance

? 2012 Mission
  – Improve clarity and consistency regarding exchange
    control regulations.
  – Increase access to micro financing to support seed and
    start up ventures.
? Measures of Success
  – The Central Bank of Barbados will establish a comply or
    explain framework for exchange control approvals.
  – Framework will be created for electronic submission of
    exchange control application and approvals will be
    reduced from 9 days to 5 days.
  – Create an institutional framework to support micro
    finance.
Pillar Team - Finance

? 2012 Mission
  – Create a clear legal, financial and administrative
    framework to support a Venture Capital Network.


? Measures of Success
  – Policy paper, business case and drafting instructions
    completed.
Pillar Team - Finance

Tasks                                            Time        Resource
Monthly meetings with potential Angel            12 Months   Pillar
investors.
Develop ACN web portal to manage deal flow       12 Months   Pillar
between Entrepreneurs and Angels.
Support Blue Waters Productions to identify      12 Months   Pillar in association with
shepherds and Angels for TV production.                      Mentorship Pillar
Develop comply or explain framework over         12-24       Pillar, TBBA, Central Bank of
exchange controls policy.                        Months      Barbados & other
                                                             professional organization
Acceptance of electronic exchange control        12 - 18     Pillar, TBBA, Central Bank of
approvals.                                       Months      Barbados & other
                                                             professional organization
Specific guidelines on remittance of dividends   12 - 18     Pillar, TBBA, Central Bank of
Pillar Team - Finance

Tasks                                             Time        Resource
Establish micro finance operational framework.    12 Months   Pillar
Operational framework for Credit Bureau.          12 Months   TBBA
Educational program for staff of financial        12 Months   Pillar, TBBA & Central Bank of
institutions about Central Bank of Barbados                   Barbados
credit and export support mechanism .
Develop detailed finance legal and                12 Months   Pillar, TBBA, & Professional
administrative framework for Venture Capital                  Associations
Network.
Business and financing life cycle education for   12 Months   Pillar, TBBA, & Professional
Entrepreneurs.                                                Associations

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Champions presentation finance

  • 2. Pillar Team - Finance ? 2012 Mission – Increase access to Angel capital funding. – Entrepreneur reality TV show. ? Measures of Success – Increase the number of Angels active in the network by 400%. – Entrepreneurs will be better educated regarding the life cycle of a business and its impact on the accessing financing.
  • 3. Pillar Team - Finance ? 2012 Mission – Improve clarity and consistency regarding exchange control regulations. – Increase access to micro financing to support seed and start up ventures. ? Measures of Success – The Central Bank of Barbados will establish a comply or explain framework for exchange control approvals. – Framework will be created for electronic submission of exchange control application and approvals will be reduced from 9 days to 5 days. – Create an institutional framework to support micro finance.
  • 4. Pillar Team - Finance ? 2012 Mission – Create a clear legal, financial and administrative framework to support a Venture Capital Network. ? Measures of Success – Policy paper, business case and drafting instructions completed.
  • 5. Pillar Team - Finance Tasks Time Resource Monthly meetings with potential Angel 12 Months Pillar investors. Develop ACN web portal to manage deal flow 12 Months Pillar between Entrepreneurs and Angels. Support Blue Waters Productions to identify 12 Months Pillar in association with shepherds and Angels for TV production. Mentorship Pillar Develop comply or explain framework over 12-24 Pillar, TBBA, Central Bank of exchange controls policy. Months Barbados & other professional organization Acceptance of electronic exchange control 12 - 18 Pillar, TBBA, Central Bank of approvals. Months Barbados & other professional organization Specific guidelines on remittance of dividends 12 - 18 Pillar, TBBA, Central Bank of
  • 6. Pillar Team - Finance Tasks Time Resource Establish micro finance operational framework. 12 Months Pillar Operational framework for Credit Bureau. 12 Months TBBA Educational program for staff of financial 12 Months Pillar, TBBA & Central Bank of institutions about Central Bank of Barbados Barbados credit and export support mechanism . Develop detailed finance legal and 12 Months Pillar, TBBA, & Professional administrative framework for Venture Capital Associations Network. Business and financing life cycle education for 12 Months Pillar, TBBA, & Professional Entrepreneurs. Associations