The Government wants to develop and implement a comprehensive “national” entrepreneurship strategy and Jason Hayward, the Minister of Economy and Labour, has told Parliament it would be built on the cornerstone of the globally recognised United Nations Entrepreneurial Ecosystem Framework.

Mr Hayward said: “This strategy is not merely a policy document; it is a blueprint for a future where Bermudian businesses cannot only survive but truly thrive; creating jobs, driving innovation, and contributing to a more diversified and resilient economy.

“We are committed to building an entrepreneurial ecosystem that provides every Bermudian with the opportunity to pursue their business aspirations with confidence and success.“

The Ministry, in collaboration with the Bermuda Economic Development Corporation, has hired PricewaterhouseCoopers Advisory Ltd to guide the implementation of the initiative.

Mr Hayward said: “We will engage with stakeholders using a variety of methods such as surveys, focus groups, collaborative meetings and individual deep dives.

“The aim is to gain a comprehensive understanding of the current business landscape, identify barriers to growth and gather innovative ideas for overcoming these challenges.”

The initiative would also build on the successful entrepreneurial community already built and fostered in large part by the programmes at the BEDC.

He said: “I extend a direct invitation to all Bermudians who are key stakeholders in our entrepreneurial ecosystem to participate in this vital process.

“Your insights are critical as we capture a comprehensive picture of the island’s current entrepreneurial ecosystem and work to build a robust strategy that will guide the growth of entrepreneurship in Bermuda.“

The Minister has invited interested parties to participate by filling out an online survey at https://forum.gov.bm/en/.

• For more on the National Entrepreneurship Strategy, see Related Media

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