BTA’s big cash investment for entrepreneurs next year

  • Glenn Jones, the chief experience development officer of the Bermdua Tourism Authority (Photograph submitted)

    Glenn Jones, the chief experience development officer of the Bermdua Tourism Authority (Photograph submitted)

A total of 14 entrepreneurs and event producers could receive up to $210,000 in investments, the Bermuda Tourism Authority has announced.

The BTA has already approved funding for nine applicants to its Experience Investment Programme.

Another five participants were deferred pending approval of their business or verification of information.

The entrepreneurs and event producers will provide tourism ventures to run in the first six months of 2020.

A spokeswoman for the BTA said that funds will be given to the applicants once they agree to contract terms with the BTA.

She added that performance targets must also be reached before the full investment is handed over.

A total of 26 applications were submitted between September 1 and October 10 for the autumn round of the programme. Glenn Jones, the chief experience development officer at the BTA, said:

“In Global Entrepreneurship Week, we salute all the entrepreneurs who built proposals and put their ideas forward in our Experience Investment Programme.

“We look forward to more than half of the 26 proposed projects taking flight, hopefully deployed into our tourism economy between now and next summer.”

The approved tourism ventures were:

• Art of Resistance — tours of City of Hamilton artwork to highlight African-Bermudian history

• Festival of Performing Arts — an annual winter showcase of international performing artists

• Future Leaders — learning experiences for visiting educational and research institutions to promote cultural immersion, education, eco-volunteering and community projects

• Harbour Nights — a weekly street festival of late-night shopping, entertainment and art in Hamilton

• Made in Bermuda Nights — a weekly series of outdoor summer concerts featuring local musicians

• Pan African Music Festival — a festival of musicians from South Africa matched with local performers

• Rum Punch Brunch — a brunch and day-party food experience held at cultural sites and parks

• X20 Adventures — an inflatable water park located in the island’s West End

• Yoga en Blanc — health retreats geared to African-American travellers

The Experience Investment Programme was designed to help the growth of businesses and start-ups in the tourism industry.

The programme will accept more applications throughout March next year.

The BTA will host preparatory workshops on February 27 — 28 for businesspeople who want to apply.

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Published Nov 29, 2019 at 8:00 am (Updated Nov 29, 2019 at 7:59 am)

BTA’s big cash investment for entrepreneurs next year

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