LAUNCH YOUR IDEA FASTER

The Cayman Islands Business Design Competition

An innovative Ideate Programme that assists entrepreneurs with developing an idea through design thinking and prototyping.

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 businesses. 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, a five-phase process to help competitors reduce the risk of bringing new products, services, or features to market. Competitors will have one month to streamline new project ideas and work with professional advisors before presenting their final idea and "pitch" to a panel of judges — think "Cayman Islands Shark Tank"! 

Download Official Rules & Judging Criteria

Why take part?

Launch your idea faster

Develop your Idea Faster

Access professional support networks

Access Professional Support

Meet like-minded entrepreneurs

Meet Like-minded Entrepreneurs

Develop your public profile & public speaking skills

Develop your Profile & Public Speaking Skills

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Competition Timeline

2023 Competition Dates 

  • 1 November 2022 - Competition Opens 
  • 19 January 2023 - Online Info Session 12:00 pm - 1:00 pm
  • 31 January 2023 - Application Deadline 
  • 13 February 2023 - Finalists Announced (Online) 
  • 20 February - 31 March - Teams meet for breakout session with their project advisors
  • 25 February 2023 - Design Day Part One! Competitors take part in a series of business-focused workshops on design thinking. 10:00 am - 5:00 pm
  • 25 February 2023 - Networking Event! 5:00pm - 7:00pm at Rackam's 
  • 11 March 2023 - Design Day Part Two! Competitors take part in a series of business-focused workshops on design thinking. 10:00 am - 5:00 pm
  • 23 March 2023 - Deadline for Competition Pack and Pitch Deck Submission 
  • 25 March 2023 - Technical Rehearsal 10:00 am - 12:00pm at the Prospect Playhouse 
  • 1 April 2023 - Pitch Day. Think "Cayman Islands Shark Tank" 10:00 am - 12:00 pm at the Harquail Studio Theatre (Livestreamed Online - Details to be Announced!) 
  • 1 April 2023 - Awards Dinner (Invite Only) 
  • 3 April 2023 - Winners Announced Online 

Additional Resources

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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 of up to four 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 bring to market. 

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 each year. 

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 plus wraparound business services. Sponsored by Cayman Enterprise City.

Innovation Award

For an innovative business design that is inspiring, new and/or unconventional. Win a USD $2,000 cash prize and wraparound business services. Sponsored by Ava Labs. 

Community Impact Award

For a business design that makes a difference in our local and/or global communities. Win a USD $2,000 cash prize and wraparound business services. Sponsored by eShore. 

All finalists will receive a business support "Prize Pack" valued at over $1,500. 

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 and 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."

Instructors & Project Advisors

Rodney Alison

Instructor on Perfecting your Pitch Deck and Taking your Idea to the Next Level, Synergy Technology Engineering Limited SEZC

Jewel Donohue

Instructor on Public Speaking, Actress & Creative Executive at Solaris Entertainment

Marty Dunlop

Instructor on Prototyping & Project Advisor, Managing Director & Principal Consultant at Edge Case SEZC

Rich Dyer

Instructor on Market Research, Co-Founder at Massive Media

Ivan Eubanks

Instructor on Video Interviewing, Interim Dean of Business & Finance at The University College of the Cayman Islands

Dylan Jackson

Instructor on User Design Experience, UX Designer

Rudolph Johnson

Instructor on Business Innovation, Managing Director at Meta Agile SEZC

Nick Joseph (1)

Nick Joseph

Setting-up your Cayman Islands Business Advisor, Partner at HSM Law

Charlie Kirkconnell

Setting-up your Cayman Islands Business Advisor, CEO at Cayman Enterprise City

Vlad Logvinov

Project Advisor, Founder, vCIO, Compliance beyond the box

Jonathan MacDonald

Instructor on Evaluating Start-up Ideas, Serial Entrepreneur

David Manouchehri

Project Advisor, Cyber Security and Data Analyst Professional

Alicia Sizemore

Financial Planning Advisor, Founder at White Cloud Accounting

David Strucke

Instructor on Perfecting your Pitch Deck and Taking your Idea to the Next Level, CEO & Founder at Datastreamer SEZC

Ramona Tudorancea

Project Advisor, Founder and Managing Director, JB Advisory Services SEZC

Althea West-Myers

Instructor, Director at The Cayman Islands Centre for Business Development (CICBD) 

Tanya Wigmore

Programme Consultant, Founder & Chief Growth Officer at CRO:NYX SEZC

Mario Yaksetig

Project Advisor, Cryptographer at xx network SEZC

Ian Zakovorotnyi

Instructor on Design Thinking, Business Operations at EightPoint Technologies Ltd. SEZC

2022 Competition Sponsors

Competition Archives 

A first of its kind in the Cayman Islands, the inaugural Business Design Competition took place 27 March 2021 at the Harquail Studio Theatre. View past projects and event videos by accessing the competition archives... 

Business Design Competition Archives