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Phillip Nassief Entrepreneurship Challenge

GEMS Foundation

The Phillip Nassief Entrepreneurship Challenge, formerly known as the GEMS Entrepreneurship Challenge, is a prominent initiative to empower local entrepreneurs in Dominica. Launched by the GEMS Foundation, the challenge offers financial support to businesses in the hospitality and tourism sectors, providing a total of $45,000 XCD in grant funding to winners. This initiative seeks to stimulate economic growth and innovation, continuing the legacy of Phillip Nassief, a visionary entrepreneur who profoundly impacted Dominica’s business landscape.

Fostering Business Growth and Innovation

The challenge offers substantial financial support, with the top winner receiving $20,000 XCD and the second and third-place winners receiving $15,000 XCD and $10,000 XCD, respectively. Participating businesses must demonstrate innovation, scalability, and ethical practices. The program also encourages collaboration with entities like the Dominica Association of Industry & Commerce, which is key in supporting the initiative.

By empowering local entrepreneurs and driving business growth, the Phillip Nassief Entrepreneurship Challenge continues to play a pivotal role in shaping Dominica’s entrepreneurial ecosystem.