SBB extends Green Technology Business Fund deadline

THE Small Business Bureau (SBB) Guyana has announced that it has extended the application deadline for the Green Technology Business Fund to August 30, 2024, at 15:30 hrs.
According to the SBB, this initiative represents a renewed dedication to promoting innovation and sustainability in green technology.

The Green Technology Fund was created to assist with developing groundbreaking solutions for today’s environmental challenges, utilising process improvement and innovation.
Prior to challenges of the COVID-19 pandemic, the SBB made significant strides in supporting small businesses with green innovative ideas through the Green Business Technology Fund initiative, which pumped $32 million into small businesses with groundbreaking plans.

To apply, interested persons must be a registered client of the SBB, must prepare a detailed business proposal covering their innovative idea, equipment needs, costs, utilisation of any software, financial statements, cash flow projections, quotations, among other documents. Once shortlisted, clients will have the opportunity to pitch their idea to a panel of judges.

Proposal submissions can be made to info@sbb.gov.gy or by visiting the SBB’s Lot 1 La Penitence, Georgetown office, upstairs of the National Printers Building.
Participants are eligible to acquire up to GYD$1 million in funding for their Green Technology Business initiative.
It should be noted that government employees or previous winners are not eligible to participate.

The primary objectives of the SBB is to promote innovation, and foster sustainability. At the heart of this fund, is a commitment to nurture ideas that possess the potential to make a great impact on our planet.
Awards for the fund are assessed and graded based on innovation and technology, feasibility, environmental sustainability, strategic planning, and financial viability. Support offered by the Bureau will include mentoring or coaching, business training, and network connections to allow Green Business Technology Fund awardees to connect with other businesses for technical support, such as access to markets.
To view more information on this incredible opportunity, persons can visit: https://sbb.gov.gy/green-tech-fund/ or check the Bureau’s Facebook page: Small Business Bureau Guyana.

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