The Turks & Caicos Benefits from OCTA Innovation Exchange

Providenciales, Turks and Caicos Islands, April 27th, 2017 – TCI Innovation Manager and Vice President of the MSME Programme at Invest Turks & Caicos, Alexa Cooper, recently returned from attending the Overseas Countries and Territories Association (OCTA) ‘International Innovation Conference’, held in The Azores, Portugal; where she exchanged strategies to enhance sustainable development through innovative solutions.

The five-day conference brought together Innovation Managers from 20 OCT countries. It gave participants the opportunity to meet and discuss with their counterparts from other territories and innovation experts from the European Union.

Ms. Cooper said that: “My attendance at the OCTA Innovation Conference was very fruitful, as it gave me a fantastic opportunity to dialogue face to face with colleagues from other countries. The exchange of information and ideas were very rich. Discussions centered around several goals, including steps for implementation of systemic innovation in OCTs; strategies and their implementation, implementation of different pilot projects, and exchange of information on the best available practice in innovation in the EU and the opportunities of different EU funding.”

Ms. Cooper went on to say, “I think the exchange will help me greatly as I move forward in my role. Entrepreneurs in the TCI are not short on great ideas, but any way wherein we can help them enhance those ideas and make them more innovative and creative is definitely a move in the right direction. Proof of this is the BIC Award won by our nominee SafetyNet, founded by Mr. E. Jay Saunders. Presentation of the BIC Award, to Mr. Saunders is currently being planned”.

The BIC (Business, Innovation, Creativity) Award ceremony took place in the Igreja do Colégio dos Jesuítas (Church of the Jesuit College) in Ponta Delgada. The BIC Awards promote innovation, gives recognition to good examples, and stimulates multiplication of good initiatives. The Award is given to organizations and persons from the OCTs that excel in business, innovation, art and creativity. The nominations, selection process and the awards ensures a prestige for businesses originating in the OCTs by giving the winners an EU-wide visibility and recognition of the OCT.



About Invest Turks and Caicos

Invest Turks and Caicos is the Islands’ Investment Promotion Agency, responsible for enhancing the economy through the attraction, growth and retention of overseas investment; and supporting the growth of local businesses.

We provide a free and confidential service to overseas businesses looking to expand and will work with a company project team throughout the investment process, providing advice and support. This can include:

  • Information on the local business climate;
  • facilitating contact with relevant Government Departments throughout the investment process;
  • advice on Government incentives and concessions to investors;
  • introductions to local service providers/suppliers;
  • advice on work permits and permanent residency procedures;
  • ongoing support following set up.

We also work actively to support the growth of local businesses, including the management and delivery of the Micro Small and Medium Enterprise programme which provides concessions and reliefs to locally owned businesses.