Bahamas Development Bank launches Orange Economy Technology Micro Grant

Series of grants aimed at supporting innovation

The Bahamas Development Bank (“The Bank” or “BDB”) is beginning the year with a series of grants aimed at supporting innovation in the Colored Economies. The first of these offerings falls under the umbrella of the Orange or Creative Economy which covers Arts and Heritage, Cultural Industries, Digital Media, and Technology among other areas.

The $70,000 technology micro-grant program will equip videographers, musicians, photographers, and other artists with technology to improve the quality of their productions. These grants are aimed at persons who have demonstrated talent and experience in the creative field of their specialization but have had challenges in acquiring professional computing equipment. BDB will provide MacBook Pros to a limited number of professionals who clearly articulate the benefit the device will have on their craft and show a plan for expanding their market penetration.

The Bahamian Orange Economy is ripe with opportunity

According to Ashley Outten, BDB’s financial controller “It is The Bank’s view that The Bahamian Orange Economy is ripe with opportunity so we are interested in directing more investment toward creatives. Young people, in particular, can benefit from this grant which looks to scale up artists with potential”.

Globally, the demand for creative goods and services is rapidly growing. The Bahamas has a unique cultural experience that can contribute to building a sustainable, inclusive, and equitable future for all. BDB is committed to enhancing support for Bahamian entrepreneurs and artisans of every size through targeted investments within this sphere.

Interested candidates are invited to visit The Bank’s social media pages or website at http://www.bdb.gov.bs for more information regarding the application process and requirements. Applications for this grant call remain open until Monday, February 14th, 2022.

Source: The Bahamas Development Bank