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Winners of the 2021 Cayman Islands Business Design Competition Announced

Enterprise Cayman’s inaugural Cayman Islands Business Design Competition, sponsored by Cayman Enterprise City (CEC), hosted the competition finals at the Harquail Studio Theatre on Saturday, 27 March 2021. A first of its kind in the Cayman Islands, the “Pitch Day” welcomed 10 teams to the stage to pitch their business ideas to a panel of judges and leading business professionals.

“The business competition has been designed to help creative individuals and entrepreneurs to fast-track their ideas and get their projects off the ground faster with the assistance of professional support networks,” said Kaitlyn Elphinstone, VP Marketing & Public Engagement, CEC. “We were absolutely blown away by teams that took part in this year’s competition. It was inspiring to watch these teams compete and their projects evolve.”

Having applied and been shortlisted from an impressive cohort of submissions, the individuals behind 10 new business ventures took part in an intensive series of activities and workshops on prototyping, business ethics, market research, intellectual property, raising capital, public speaking, financial planning, and more. Programming was developed to help competitors refine and improve their business ideas with the help of some of Cayman’s top entrepreneurs, innovators, and business professionals, in preparation for the competition finals.

Competitors set out to compete for three awards: 

  • The Community Impact Award for a business design that makes a difference in the community. Wins USD $2,000 sponsored by eShore Ltd., and a complimentary marketing support pack from Massive Media.
  • The Creativity Award for a business design that is inspiring, new, or unconventional. Wins USD $2,000 sponsored by Analytico SEZC and a complimentary marketing support pack from Massive Media.
  • The top award, “Project of the Year,” for a business design that shines above and beyond competition expectations. Wins USD $10,000 sponsored by Cayman Enterprise City, a promotional video valued at CI $2,000 from Silver Palm Studios, complimentary incorporation of their company from HSM, as well as a complimentary marketing support pack from Massive Media.

In addition to the three awards, all 10 teams will receive a 90% discount on HubSpot, sponsorship to attend code and cybercity courses from Code Fellows, ongoing mentoring, access to CEC’s networking support and event access throughout 2021, as well as complementary legal advisory sessions and reduced rate of incorporation from HSM.