The Barbados Investment and Development Corporation (BIDC), and Barbados Institute of Management and Productivity (BIMAP) have formalized their commitment to partnering in the creation of an enabling framework for business development in Barbados.

This comes with the signing of a Memorandum of Understanding (MOU) between the two agencies, aimed at supporting the research and development efforts of locals businesses through the offering of the requisite facilities, programmes and services. The official signing took place on Monday June 30, 2014 at BIMAP’s Wildey, St. Michael office.

The BIDC and BIMAP share a long history of collaboration. The establishment of BIMAP in 1972 was in fact borne out of efforts by the BIDC to promote a structured and certified skills training programme that would allow for better and more coordinated planning and policy making to enhance the management efficiency of enterprises in Barbados. Ever since its inception, the Chairman of the BIDC also serves as the Chairman of BIMAP.

Mr. Benson Straker, who currently holds that post, on initialing the instrument explained “The MOU reaffirms the commitment of BIDC AND BIMAP to effective cooperation through research and analysis, educational training and capacity building activities.”

Through the MOU, BIDC and BIMAP have agreed to work collectively in areas including, but not limited to, the exchange of information, training and development of human resources, institutional strengthening, co-sponsorship of events of mutual interest to both parties and collaboration on initiatives to boost creativity and entrepreneurial thinking.

This MOU will also serve to strengthen the existing relationship between the BIDC and BIMAP and clearly define areas of cooperation that would support their respective missions and corporate objectives.

Under the MOU, BIDC and BIMAP have agreed to:

  • Exchange relevant information on human resource training needs in the industrial sector as well as the BIDC.
  • Cooperate on special technical assistance projects to provide relevant training to SMEs.
  • Cooperate in business development programs for entrepreneurs in industry.
  • Collaborate in management and educational consultancy services.
  • Participate in the development and training of individuals to work in new areas of enterprise.
  • Co-sponsor workshops, seminars on matters of mutual benefit.

Dr. Sonia Greenidge-Franklyn, Executive Director of BIMAP, said “The partnership, for BIMAP is a return to the common vision that is shared with the BIDC. BIMAP’s historical moorings are with the BIDC. One of the main objectives is to advance the productivity and performance of the manufacturing and service sectors in Barbados in an effort to produce changes that will propel the island’s economy. Both organisations also aim to encourage an entrepreneurial culture in Barbados and this collaboration will be facilitating growth and development in new and exciting industries.

The newly outfitted computer lab at the Barbados Information Technology Training Centre is the first of its kind in Barbados and is designed to lead the way in terms of facilitating training in animation studies.”

BIDC Chief Executive Officer, Dr. Leroy McClean, commenting on the initiative said “A productive interface between industry and training institutes is important for Barbados at this time. New and enhanced skills, as well as critical thinking and high performance systems are key requirements of competitive businesses.”

One of the first projects coming out of the renewed and strengthened alliance between the two agencies is the establishment of a training laboratory and center of excellence to drive the animation sector on the island. The facility, located at BIMAP’s training facility in Building # 3 Harbour Industrial Complex, St. Michael, is outfitted with specialized equipment and software to support a multi-level certification programme for persons interested in pursuing a career in animation.

Tuesday, December 9, 2014BIMAPBIDC MOU