Career & Education

NCU gearing up to win innovation contest

Sunday, March 17, 2019

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Northern Caribbean University (NCU), winner of the 2018 International Business Model Competition (IBMC), is again seeking to dominate the Development Bank of Jamaica's (DBJ) National Business Model Competition for tertiary institutions at the sixth staging of the event slated for March 21 to 23 at Knutsford Court Hotel.

NCU's business model teams have won local competition four consecutive years since its inception. Last year, however, the NCU teams finished third and fourth locally, but came up winners at the international level which evaded them in the previous years when they won the local competition.

Dr Audley Eccles, dean of the College of Business and Management, said the NCU team is in preparation mode and is excited to again participate in the competition. He noted that despite the judges not declaring the NCU team a winner last year, the university was confident that its team was outstanding, so the institution found the resources and sent its team to participate in the international competition where it won and made NCU and Jamaica proud.

He pointed out that it has become increasingly difficult to get new and novel ideas for the business model competitions as many of the concepts have already been exposed. However, he said NCU is confident that the project being worked on has a good chance of winning this year.

The National Business Model Competition (NBMC) is an initiative that encourages and promotes entrepreneurship on the campuses of four local universities and creates a platform for experiential learning and the honing of entrepreneurial skills, as well as developing a pipeline of potential entrepreneurs.

The NBMC is supported technically and financially by the DBJ and the Private Sector Organisation of Jamaica.

Annually, the national winner is awarded a cash prize of $2 million and an all-expense paid trip to represent Jamaica at IBMC held in the USA during the month of May. This year's competition will be held at the Brigham Young University, Utah, from May 10 to 11, 2019.

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