LAUNCH YOUR IDEA FASTER

The Cayman Islands Business Design Competition

Do you have a creative business idea or exciting side hustle that you've been dreaming of getting off the ground? It’s time to turn that vision into reality.

The Competition Opens for Submissions: 1 November 2021! 

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About The Competition

We're inviting all problem solvers, big thinkers and go-getters, like you, to take part in the Cayman Islands Business Design Competition. Enterprise Cayman is on a mission to develop engaging programmes that provide individuals and growing businesses with the support and opportunity to develop new products, services, and business. We're providing a platform where innovators can connect and offering a welcoming business environment that fosters innovation — a place where individuals, local businesses, and global ventures can thrive!

Successful applicants will take part in training sessions and workshops based on Design Sprint exercises. Competitors will then have one month to streamline their project and work with professional project advisors before presenting their final project to a panel of judges at the beginning of April 2022. 

Why take part?

Launch your idea faster

Launch your idea faster

Access professional support networks

Access professional support networks

Meet like-minded entrepreneurs

Meet like-minded entrepreneurs

Develop your public profile & public speaking skills

Develop your public profile & public speaking skills

Learn new things

Learn new things

Who can apply? 

The Cayman Islands Business Design Competition is open to all residents of the Cayman Islands over the age of 18 years. Participants may compete as individuals or in teams up to 4 persons. 

What type of project can I enter?

Competitors can apply by entering a new product idea, a new service, or new feature that they wish to market. Participants can enter as teams or as individuals. 

You might already have an existing business and your team is considering launching a new product, OR you might have an idea for a brand new business. 

How much does it cost to enter?

Thanks to the generous support from Cayman Enterprise City, the Cayman Islands Business Design Competition is 100% FREE to apply! 10 successful projects and finalists will be invited to participate in the 2022 competition.

What can you win? 

 

Project of the Year
For a business design that shines above and beyond competition expectations. The grand prize for the 'Project of the Year' is USD $10,000!!

Creativity Award 
For a business design that is inspiring, new or unconventional. 

Community Impact 
For a business design that makes a difference in our local and/or global communities. 

All finalists will receive a business support "Prize Pack" valued at over $7,000 and one year complementary access to the Enterprise Cayman Launch Labs Studio! 

What do participants have to say? 

"The Design Weekend was amazing. Very informative, 4 years of college packed in one weekend, loved it!"

"I felt supported an well guided throughout the entrepreneurship crash course." 

"I loved the "buzz" of enthusiasm in the room. The diversity of finalists, across different ages, ethnic origin, gender, backgrounds, etc., helped make us feel that we really belonged in the room, which encouraged such wonderful participation and interactivity. Thank you."

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Competition Timeline

  • 1 November 2021 - The competition opens for submissions.
  • 12 January 2022, 5:30pm-7:00pm - Design Thinking Workshop. Open to the Public. 
  • 13 January 2022, 5:30pm-7:00pm - Building Scalable Businesses Workshop. Open to the Public.   
  • 29 January, 12 noon, - Online Info Session. Open to the Public. 
  • 30 January 2022, 12 Midnight - Application Deadline!
  • 17 February 2022 - 10 Finalists Announced Online. 
  • 21 February - 01 April 2022 - Teams meet for breakout sessions with their project advisor(s) to help prep for the "Pitch Day".
  • 26 & 27 February 2022, 10:00am-5:00pm - Design Weekend! Business-focused workshops including prototyping, raising capital, and more.
  • 12 & 13 March 2022, 10:00 am - 5:00pm - Business-focused workshops including business ethics, market research and more. 
  • 26 March 2022, 11:30am - 1:30pm - Tech Rehearsal & Public Speaking Workshop.
  • 2 April 2022, 10:00am-12:00pm - Pitch Day. Think "Cayman Islands Shark Tank". All are Welcome to Attend!
  • 5 April 2022, 6:00pm - Awards Dinner & Social Event (Invite Only). 

Additional Resources

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2021 Competition
Instructors & Advisors

Paul Keane

Paul Keane

Competition Advisor & Prototyping Instructor, UX Designer, Harmonic Fund Services

Althea West-Myers

Althea West-Myers

Competition Instructor, Director, The Cayman Islands Centre for Business Development

JP Le Roux

JP Le Roux

Financial Planning Master Session Instructor, Financial Controller, Cayman Enterprise City

Candace Westby

Candace Westby

Intellectual Property Instructor, Head of Intellectual Property, Cayman Islands Government

Ramona Tudorancea

Ramona Tudorancea

Raising Capital Instructor & Project Advisor, Founder and Managing Director, JB Advisory Services SEZC

Mike Ferrier

Mike Ferrier

The Reality of Business Ethics Instructor, Professor/Business Professional

Charlie Kirkconnell-1

Charlie Kirkconnell

Setting-up your Cayman Islands Business Instructor, CEO, Cayman Enterprise City

Nick Joseph (1)

Nick Joseph

Setting-up your Cayman Islands Business Instructor, Partner, HSM Law

Tanya Wigmore

Tanya Wigmore

Going to Market Instructor, Founder & Chief Growth Officer, CRO:NYX SEZC

Rich Dyer

Rich Dyer

Market Research Instructor, Co-Founder, Massive Media

Jewel Donohue

Jewel Donohue

Public Speaking Instructor, Actress & Creative Executive, Solaris Entertainment

Ivan Eubanks

Ivan Eubanks

Public Speaking Instructor & Competition Videographer, Interim Dean of Business & Finance at The University College of the Cayman Islands

Ben Taylor

Ben Taylor

Design Thinking (Online Session), Innovation and IP strategist, Co-Founder Adapt Strategy

Ben Little

Ben Little

Design Thinking (Online Session), Design Strategy & Product Development, Co-Founder Adapt Strategy

Jan Gupta

Jan Gupta

Project Advisor, Entrepreneur 

Paul Sodimu

Paul Sodimu

Project Advisor, Senior Software Engineer at Maples Group

Matt Vaughan

Matt Vaughan

Project Advisor, Venture Advisor/Investor, Managing Director, FetchTech SEZC

Joshua Hecht

Joshua Hecht

Project Advisor, Digital Assets and Programmable Finance, Block.one 

Bartosz Mozyrko

Bartosz Mozyrko

Project Advisor, Senior Product Manager at GoDaddy

Laurentiu Gruia

Laurentiu Gruia

Project Advisor, Manager, Product Development at EightPoint Technologies Ltd. SEZC

Adam Lambert

Adam Lambert

Project Advisor, Managing Director at Zimtra Asset Management SEZC

Allan Evans

Allan Evans

Project Advisor, CEO Fat Shark SEZC

Marco Aniballi

Marco Aniballi

Project Advisor, Executive, Board Member and Advisor

Kaitlyn Elphinstone

Kaitlyn Elphinstone

Competition Director, VP Marketing & Public Engagement Cayman Enterprise City

Competition Sponsors

2021 Competition Finalists 

BizHub a carwash hub by Danner Taylor Nelson, Valery Davis Alvarez, and Kirk Douglas • Caribbean Images a visual content platform by Greyshell Bent and Antoleen Williams • Cay Delivery a delivery system by Samekia Stewart and Latoiya Webb • Cayman Marine Life Guide an eco-conscious marine guide by Morgan McCartney • Cayman Transfer a transportation platform by Ian Goddard, Prashik Zodge, and Dhruv Serena • De Pet Chaperone an app for pet owners by Alicia Turner and Abigail Turner • Kizen Law a legal services platform by Tricia McDoom • RecordKeep a finance product by Clement Lai and Vladimir Shubert • The Cayman Software Factory a software development company by Desmond Harris, and Emilio Ceroleni • Z Academy an educational project by Ryan Zhu

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