(Barbados Today) – The Barbados Investment and Development Corporation (BIDC), Export Barbados, wants to see entrepreneurs evolve from entrepreneurship to industrialisation to build productive capacity.
This was highlighted during the handover of a US$5 000 ($10 000) cheque to support the University of the West Indies International Undergraduate Students’ Leadership Conference and Entrepreneurship Exhibition, taking place in Jamaica from September 23 to 25.
Chief Executive Officer of Export Barbados BIDC, Mark Hill, said the sponsorship marks an investment not just in entrepreneurship, but in industrialisation.
“The two are connected, but they are not identical. The entrepreneur identifies an opportunity, takes a risk, and creates an enterprise. The industrialist goes further, organising capital, technology, energy, talent, machinery, supply chains, and markets into a productive system capable of operating at scale. The entrepreneur creates a business. The industrialist builds productive capacity. We need both.”
