The Caribbean Export Development Agency (Caribbean Export) and RevUP Caribbean Limited (RevUP) have formalised a strategic partnership through the signing of a Memorandum of Understanding (MOU), aimed at advancing entrepreneurship, innovation, and private sector development across the Caribbean.
The MOU was signed during the Caribbean Women Generating Resilient and Inclusive Trade (GRIT) Project activation week in Jamaica, marking a significant step towards strengthening support systems for micro, small, and medium-sized enterprises (MSMEs), particularly those led by women and youth.
Caribbean Export, the regional trade and investment promotion agency of CARIFORUM, and RevUP, a leading virtual business incubator, share a common vision of fostering a more resilient, competitive, and inclusive Caribbean private sector.
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Strengthening a Region Built on Entrepreneurship
Across the Caribbean—a region of more than 7,000 islands and highly tourism-dependent economies—entrepreneurship and private sector growth remain critical drivers of economic resilience.
With regional growth projected to remain moderate for tourism-led economies in 2026, strengthening MSMEs and innovation ecosystems has become a priority for long-term economic sustainability.
This partnership directly responds to that need by focusing on scalable, innovation-led business development across the region.
Expanding Access, Capacity, and Market Reach
Through this collaboration, both organisations will work together to:
- Expand access to finance for entrepreneurs
- Build entrepreneurial and technical capacity
- Strengthen regional and international market linkages
Key areas of cooperation include startup support programmes, capacity building and technical assistance, investor engagement, innovation challenges, and export readiness initiatives.
“This partnership with RevUP Caribbean represents a strategic alignment of efforts to support the growth of innovation-driven enterprises in the region,” said Dr Damie Sinanan.
“By combining our networks, expertise, and platforms, we can create stronger pathways for Caribbean entrepreneurs to access financing, scale their businesses, and compete globally.”
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Supporting High-Potential Startups Across the Region
RevUP Caribbean, known for its immersive incubator programmes and focus on early-stage ventures, will work alongside Caribbean Export to identify and support high-potential startups, facilitate connections with investors, and deliver targeted training and mentorship opportunities.
“We are excited to partner with Caribbean Export to deepen our impact across the region,” said Sandra A. C. Glasgow.
“This collaboration will help accelerate the growth of startups and MSMEs by connecting them to the resources, networks, and capital they need to thrive.”
Building a More Connected and Innovative Ecosystem
The MOU also provides a framework for joint initiatives such as:
- Pitch competitions
- Accelerator programmes
- Investor forums
- Cross-border partnerships
These initiatives are designed to strengthen collaboration across Caribbean markets and unlock new opportunities for entrepreneurs to scale beyond their domestic economies.
A Strategic Step Toward Inclusive Growth
This collaboration reflects a broader regional push to build a dynamic, inclusive, and innovation-driven private sector, particularly as Caribbean economies continue to diversify beyond traditional industries.
With a population of over 44 million and a rapidly evolving business landscape, the region presents significant opportunities for startups and SMEs to drive growth, employment, and innovation.
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