NASSAU, BAHAMAS- Grand Bahamian entrepreneurs will now be able to access capital to launch or expand their business ventures via a new partnership between the Grand Bahama Port Authority and local crowdfunding platform ArawakX.
In mid-October, Derek Newbold, GBPA’s Sr.Manager of Business Development, met with principals of ArawakX to solidify the partnership, which is anticipated to open opportunities for entrepreneurs in high-growth business sectors to launch their venture and, if they choose, take that venture global.
“We are excited about our partnership with ArawakX,” Newbold stated. “The services they provide are critical to launching a successful operation, essentially helping to package businesses as viable investment options for local and international funding through crowdfunding. We believe this collaboration can unlock opportunities for our licensees and provide wealth creation for Bahamians.”
Newbold said the partnership with ArawakX comes at a perfect time. “Many businesses are regrouping in a COVID-19 era and rebounding from nationwide emergency orders and lockdowns,” he said. “Not only will this collaboration connect promising projects with much-needed capital, but also it will effectively prepare entrepreneurs to pitch and sell the business opportunity to potential investors.”