Barbados has officially launched the Innovation Growth Market (IGM200), a groundbreaking initiative designed to provide small and medium-sized enterprises (SMEs) with structured, transparent, and credible access to equity financing.
Managing Director of the Barbados Stock Exchange, Marlon Yarde, described IGM200 as “Barbados’ bridge between ambition and opportunity,” calling on SMEs, investors, and policymakers to collaborate in unlocking the island’s economic potential.
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He emphasized that the IGM200 would create stronger, more resilient SMEs capable of scaling regionally, generating quality jobs, and contributing significantly to government revenues. Investors, meanwhile, gain broader opportunities to participate in equity markets—an especially valuable option given the needs of an ageing population.
Dr. Lynette Holder, CEO of the Small Business Association of Barbados, hailed the launch as a “proven pathway for MSMEs to access capital, formalize, and scale operations.” She noted that, following the success of similar junior markets in Jamaica and Guyana, Barbados is now poised to strengthen its own entrepreneurial ecosystem.
Daniel Best, President of the Caribbean Development Bank, confirmed the bank’s support through a US$350,000 technical assistance grant, aimed at preparing at least 20 firms to become investor-ready and list on the IGM. He stressed that the program goes beyond compliance, offering mentorship, training, and education to ensure SMEs and investors understand the full potential of equity financing.
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During her feature address, Senator Lisa Cummins, Minister of Energy and Business, urged MSMEs to move beyond reliance on debt financing. “Our MSMEs need to also do what the big companies do – get exposed to equity financing. Embrace equity, embrace collaboration, and embrace this market we’re launching today,” she said.
Led by the Ministry of Energy and Business, the Barbados Stock Exchange, the Small Business Association of Barbados, and the Caribbean Development Bank, the IGM200 initiative aims to empower 200 SMEs through equity financing, reshaping opportunities for businesses, investors, and the wider community.
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