11TH European Development Fund Implementation Report 2017- 2023

Grenada Investment Development Corporation won the challenge and was given a year-long subscription to Sales Navigator, a tool used on LinkedIn to generate investment leads. To complement the capacity building of IPAs, Caribbean Export as the secretariat for CAIPA sought to develop a digital communications strategy and campaign. The strategy focused attention on the priority sectors of CAIPA members, namely, AgTech, Outsourcing and Renewable Energy and recommended the redevelopment of the CAIPA website, which was undertaken. The pilot implementation of the Strategy was executed in October – December 2021 and saw visits to the CAIPA website increasing to more than 27,000, relative to the less than 1,000 visits to the previous website in a year. (4) Development of iGuides An iGuide is an online investment guide, designed by UNCTAD and the International Chamber of Commerce, that provides investors with easily accessible and up-to-date information on business costs, procedures, opportunities and conditions in developing countries. The development of iGuides was part of the Regional Investment Promotion Strategy that was developed in 2015 by Caribbean Export under the 10th EDF, in collaboration with CAIPA. As the Agency continued to implement the RIPS under the 11th EDF, the development of iGuides was part of the work programme to support the attraction of FDI. With the iGuide being a tool that enables potential investors to discover and have a guide on investment opportunities; get a better understanding of a country’s ‘doing business’ environment; and know the laws and procedures that govern a county, so that they can make informed decisions on investment activities, and the programme facilitated the development of iGuides for Guyana, Dominican Republic, Jamaica, Curacao, Barbados, Saint Lucia and St. Vincent and the Grenadines. (5) Virtual Caribbean AgTech Investment Summit (CATIS) In October 2021 the first virtual Caribbean AgTech Investment Summit was launched. The event explored opportunities for agricultural technology companies in the Caribbean to bolster productivity, decrease costs and mitigate the effects of climate change by adopting powered equipment and advanced technologies. A total of six hundred and seventy-five (675) people attended the summit from sixty-one (61) countries, including persons from the U.S.A, Canada, UK and Europe. The summit sought to generate investment in the AgTech sector by promoting the Caribbean as an investment destination for high-tech agribusiness, showcasing investment opportunities in smart agricultural ventures, highlighting successful investments in Caribbean agribusinesses, engaging potential investors and financing institutions, pitching specific ventures, and enhancing the Caribbean's presence in the high-tech agricultural space through various channels such as journals, newsletters, influencers, and networks.

Implementation of the 11th European Development Fund (EDF) Regional Private Sector Development Programme (RPSDP)

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