TEPA Small Grants Project Fund
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INDICATIVE CRITERIA FOR SMALL GRANTS ASSISTANCE PROJECT
For the most part the criteria for consideration of small grants awards should be similar to that for the Enterprise Development Programme [EDP], the difference being the scale of contribution that will be provided by the TEPA. Some of the key considerations for inclusion of firms within the EDP include:
Demand: initiative must be in pursuit of a clear opportunity for the product/service in the market including providing tangible evidence of a potential sale, preferably export
Innovation: Must demonstrate a competitive level of product innovation
Brand Strength: Must have a compelling position on which to build the product or service brand
Export Expansion Effort: Product/Service must/ be able to develop the potential to benefit and take advantage of the various economic arrangements to which Saint Lucia is a party- EPA, CSME, OECS Economic Union, Cariforum
Speed to Market: Be able to demonstrate market readiness for entry in less than 6-months
Management: Must be able to demonstrate industry knowledge and management experience to lead.
Counterpart contribution – as specified and agreed
Opportunity for Clustering, linkages – with other sectors and sub-sectors in the economy
Consistency with the stated export and other development priorities: creative industries, health and wellness, agro-processing, food security, ICT development, etc
Consistency/complementarity with TEPA mandate and Work Programme– any planned must be congruent with the objectives and overall mandate of the TEPA and its ongoing work programme, etc.
Sustainability of any assistance that is provided- the ability to leverage TEPA assistance for future growth and development
Measurable Results– The results of activities/interventions must be measurable
Implementation Arrangements– Where appropriate an Implementation plan has to be prepared outlining the Methodology of implementation of any assistance whether works, services, supplies, and this must be accompanied by indicative timeframe
Indicative Budget for each beneficiary and mode of proposed assistance- services, supplies- must be identified
Key classifications- Existing, Emerging, New Exporters