Since its launch in November 2021, RevUP Caribbean, the regions’s first virtual business incubator, has been offering entrepreneurs across the region a chance to be a part of their five-month programmes to help them further develop skills necessary to successfully run and scale a business.

According to research conducted by angel investors in the region, many start-ups and early stage founders lack the necessary skills and abilities to run and scale a business. This includes understanding the market, getting and holding onto customers, achieving product-market fit, understanding finance, building and motivating teams, and adhering to good governance practices.

RevUP operates under five pillars- strategy, talents, sales, execution and scale-up and professionalisation.

The company leverages the experiences and skills of angel members, members of the entrepreneurial ecosystem locally, in the region, and overseas, and fosters collaboration to help entrepreneurs achieve their goals. RevUP understands both sides of the equation, and is committed to helping entrepreneurs and businesses succeed.

Sandra Glasgow, founder and managing director of RevUP Caribbean shared with Our Today: “We recognise that founders who are building their business need to know more; they need to know how to grow their digital presence in addition to staying tax compliant, strategising, pitching, growing their business and more.”

She added: “Many entrepreneurs have good ideas, we give entrepreneurs a chance to receive mentorship from industry players that know from experience how to make ideas work. Within the programme, founders also receive 10 hours of mentorship- five hours with a local mentor and five hours with an international mentor and at the end of the period attend the ‘How to be a great CEO’ retreat facilitated by the McKinsey Company.”

RevUP Caribbean is currently accepting applicants interested in being part of cohort three’s five-month programme which is expected to begin in March.

“The effectiveness of the various supply-side and other forms of interventions to benefit midsize enterprises (MSE) will be seriously compromised unless efforts are also made to address the preparedness of MSEs to access financing,” said the founders of RevUP.

By providing the support, guidance, and resources needed to succeed, RevUP is helping entrepreneurs in the Caribbean turn their innovative ideas into successful ventures, and in turn, contributing to the growth and development of the region.