Dionne Waugh wins the Innovators $250,000 award for small businesses

Dionne Waugh wins the Innovators $250,000 award for small businesses

Saturday, November 01, 2014

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AFTER an exciting season, The Innovators came to a close on October 20 with the announcement of the winner of $250,000 from Jamaica National Small Business Loans. The grand prize went to Dionne Waugh of Bridal Dreams Jamaica.

"I was elated and humbled when I won the grand prize. I have never been awarded a prize of this magnitude before. Winning was something I prayed about. I know I have been working hard and it has been a blessing to be recognised for putting in the work," she said.

Waugh's business was at a crossroads when she decided to go on The Innovators to see if they could help her re-evaluate and reformat the business to make it profitable.

"The decision to participate in the fourth season of The Innovators was the all-important turning point in the business model of Dream World Events. Through the advice of Yaneek Page and Gary Matalon, we decided to streamline our business processes and introduce Bridal Dreams Jamaica," Waugh said.

This was a bigger turning point for her than she expected since she also walked away with the grand prize of $250,000. Waugh plans to use the money to improve the company's internal processes as well as to purchase additional supplies for the business.

"These funds will definitely be used to execute more spectacular events and weddings," she said.

"Gary and I watched Dionne grow and progress from the filming of the show until now. She really deserved to have won this prize," said Page, host and executive producer.

"The purpose of this award is to throw well needed financial support behind very promising small business owners who need support."

This year's cohort of entrants included a wide array of businesses ranging from rabbit farming, a taxi company, food service, and events management. All were provided with support from The Innovators team and the teams at Jamaica National Small Business Loans and the Jamaica Yellow Pages.

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