GEMS Entrepreneurship Challenge

The GEMS Entrepreneurship Challenge was a significant initiative launched by the GEMS Foundation to empower entrepreneurs in Dominica, particularly those in the hospitality and tourism supply chain. The challenge aimed to support small businesses that provide products and services within these sectors, including food and beverage, farming, fishing, agro-processing, wellness products, entertainment, technology, and more. The challenge sought to boost economic growth and sustainability across the island by encouraging innovation and scalability.

Empowering Entrepreneurs with Financial Support

The GEMS Entrepreneurship Challenge offered substantial financial awards to help businesses grow and innovate. The top winner received $20,000 XCD, with second and third-place winners receiving $15,000 XCD and $10,000 XCD, respectively. The challenge was open to small businesses registered and operating in Dominica for at least two years, requiring applicants to demonstrate their commitment to ethical business practices, customer satisfaction, and financial viability.

Collaboration and Community Impact

Key organizations, including the Dominica Association of Industry and Commerce, supported the initiative, which played a vital role in mentoring and guiding participants. The challenge also emphasized environmental sustainability, health and safety, and energy efficiency, aligning with broader community development and resilience goals. The GEMS Entrepreneurship Challenge laid the foundation for the later Phillip Nassief Entrepreneurship Challenge, continuing its mission to nurture entrepreneurial talent and contribute to Dominica’s economic landscape.​