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

Competition Application Form

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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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 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. 

Creativity Award

For a business design that is inspiring new or unconventional with a USD $2,000 cash prize and wraparound business services. 

Community Impact Award

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

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."

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Competition Timeline

2023 Competition Dates 

  • 1 November 2022 - Competition Opens 

    Download Official Rules & Judging Criteria

    Competition Application Form

  • 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". All are welcome to attend! 10:00 am - 12:00 pm at the Prospect Playhouse Theatre (RSVPs Required innovate@enterprisecayman.ky
  • 1 April 2023 - Awards Dinner (Invite Only) 
  • 4 April 2023 - Winners Announced Online 

Additional Resources

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Instructors & Project Advisors

Alicia Sizemore

Instructor on Financial Planning Master Session, Founder, White Cloud Accounting

Althea West-Myers

Mentor & Instructor, The Cayman Islands Centre for Business Development

Charlie Kirkconnell

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

Danner Taylor

Danner Taylor

Mentor, 2021 Business Design Competition Winner and Co-Founder of BizHub

David Manouchehri

Project Consultant & Mentor, Cyber Security and Data Analyst Professional

David Strucke

Mentor, CEO & Founder, Datastreamer

Fiona McDougall

Business Start up and Growth Instructor, Professor/Owner and Director at Healthy Futures and Healthy Growth

Ivan Eubanks

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

Ian Zakovorotnyi

Project Consultant, Mentor & Instructor - Design Thinking, Zimtra Asset Management SEZC

Jewel Donohue

Public Speaking Instructor, Actress & Creative Executive, Solaris Entertainment

Kirk Douglas

Kirk Douglas

Mentor, 2021 Business Design Competition Winner and Co-Founder of BizHub

Mario Yaksetig

Mentor, Cryptographer at XX_Network

Michael Jenkins

Creating the Greatest Pitch Deck Instructor, First Ascent Ventures

Nick Joseph (1)

Nick Joseph

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

Paul Keane

Project Consultant, UX Designer, Harmonic Fund Services

Ramona Tudorancea

Mentor & Instructor - Raising Capital, Founder and Managing Director, JB Advisory Services SEZC

Rich Dyer

Market Research Instructor, Co-Founder, Massive Media

Rodney Alison

Project Consultant, Synergy Technology Engineering Limited

Rudolph Johnson

Project Consultant & Instructor for Innovation, Innovation Consultant, Barclays PLC

Tanya Wigmore

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

Tom Jenkins

Tom Jenkins

Business Ethics Instructor, OpenText Corporation, Communitech

Bartosz Mozyrko

Mentor, Senior Product Manager at GoDaddy

Valery Davis

Valery Davis

Mentor, 2021 Business Design Competition Winner and Co-Founder of BizHub

Vlad Logvinov

Mentor, Founder, vCIO, Compliance beyond the box

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