Caribbean entrepreneurs have access to a billion-dollar venture capital network – Eye Witness News

NASSAU, BAHAMAS – With the official launch of the Kanoo Innovation Hub last night, Caribbean innovators now have direct access to a billion-dollar global network of investors to build, scale and fund their innovative ideas.

The Kanoo Innovation Hub is a joint venture between leading Caribbean fintech companies Crypto Isle and Kanoo Pays in partnership with Draper University, a leading Silicon Valley venture capital network known for investing in more than 34 technology companies. unicorns and at least six rhino societies.

The Business Accelerator includes three core programs that provide participants with the tools, techniques, and funding to lead and innovate next-generation global solutions.

“We are dedicated to the task of making innovation a cultural transformation in the Caribbean. Global ideas require access to global investors, global customers and global networks. The Kanoo Innovation Hub is a program designed just for us, and we are proud to provide access to Caribbean innovators, said co-founder Davinia Bain.

Bain recently retired from her position as the first Executive Director of the Access Accelerator Small Business Development Center in the Bahamas. She was responsible for overseeing the disbursement of more than $70 BSD million to 1,900 customers in 40 industries and 15 islands.

Co-founder Nicholas Rees said the first step in the process is to find 200 innovators with the best ideas to enroll in the Startup Innovation Program. Applications are open until November 15. Each step of the progressive process will become more competitive, culminating with 10 Caribbean entrepreneurs guaranteed places at Draper University’s highly competitive immersion experience in Silicon Valley. There, they will showcase a global network of investors and gain access to seed capital averaging between US$250,000 and US$3 million.

“Our goal is to find innovative Caribbean founders, developers and businesses and set them up for success. We want to provide funding and mentorship throughout the evolution of their business, from seed cycle to exit,” said Rees, President and Co-Founder of Kanoo Pays.

Kano is the world’s first licensed payment institution to achieve integration, interoperability, and the processing of secure Central Bank Digital Currency (“CBDC”) payments.

Organizations have already lined up to partner with the HUB, including WrkFlws, a leading blockchain-based business automation platform. The top candidate in the Startup Innovation program will receive $5,000 in free advice from the CEO of WrkFlws.

Simplified Lending, a Bahamian financial institution known for its business-friendly lending, is one of the first participating companies to sign up. Corporate innovators can invest in select employees to incubate innovation externally without the weighty drawbacks of corporate inertia.

Asra Nadeem, CEO of Draper University, said, “We at Draper University recognize the immense potential of Caribbean innovators. Silicon Valley is the main competitor for technology and blockchain innovation. We look forward to engaging founders, developers, and businesses innovators from across the region.

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