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Billionaire says Barbados can lead way in building new ecosystem barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.
Billionaire businessman and philanthropist Strive Masiyiwa believes Barbados can lead the region in creating a venture capital ecosystem to help grow entrepreneurship.He proposed that to devise that ecosystem, financial regulators such as the Central Bank and Financial Services Commission (FSC) should implement rules and incentives to encourage pension funds, insurance companies and other investment-type financial institutions to set aside a portion of their investment for venture capital activities.He also suggested that entrepreneurship be taught in secondary schools, noting that this was critical to helping deal with unemployment.“I sense that you guys could lead the way on this in the Caribbean,” Masiyiwa said during the 47th Sir Winston Scott Memorial Lecture on Monday under the theme How Innovative Entrepreneurs Can and Do Use Philanthropy and Technology to Solve Economic and Social Issues. ....