News
Young Business Leaders Travel to the Netherlands For Providenciales Incubator
Turks and Caicos, April 19, 2017 – Providenciales – The presidents of the Providenciales Chamber of Commerce and the Young Corporate Alliance, Kyle Smith and Dominique Rolle, travelled to Eindhoven, the Netherlands on April 10th to April 12th, 2017 to partake in an Incubator Exchange Program facilitated by COSME, the European Union programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (SMEs).
A Business Incubator for Providenciales
The Young Corporate Alliance, a not-for-profit support network for local entrepreneurs 18-40 has advocated since its inception in 2015 for a business incubator on the island of Providenciales to provide affordable co-working office and creative innovation space for start-up businesses. The vision to establish a purpose built facility providing affordable office amenities, business tools and mentorship, financing and angel investment partnerships, networking opportunities and organic cross-industry exchanges was set into motion at Invest Turks and Caicos’Enhancing National Competitiveness Conference on September 1st, 2016. Whilst addressing the audience of hoteliers, investors, industry leaders, and public servants,YCA team leader Dominique Rolle proposed a public-private partnership to build the incubator in 2017. The proposal found immediate support from Invest Turks and Caicos, the Centre for Entrepreneurial Development, and private sector partners such as the Digicel Group and Grace Bay Resorts. A working committee was then formed in late 2016. That team has to date secured a physical location for the first phase of the incubator and the funds to renovate it. Having been made aware of this progress, COSME invited the young business leaders to participate in an Incubator Exchange Program in one of the world’s leading capitals for business incubation, technology, and creative start-ups: Eindhoven, the Netherlands.
Incubator Exchange in Eindhoven, the Netherlands
Over the course of three days, Smith and Rolle exchanged incubator business plans, budgets, architectural designs, operational systems, inspirations, and short term and long-term goals with Maarten Hendriks and John Sandiford of the Founded By All Creative Business Hub in Strijp-S, Eindhoven.
Of this exchange, the Chamber of Commerce president Kyle Smith said, “Being guided by the Funded by All team through brainstorming sessions reassured us of our planned approach toward conceptual design of the space and practical operation of the incubator, its phased implementation, and eventual expansion. We intend to develop a state of the art facility equipped with the resources and tools to ensure greater development of local entrepreneurs and their ideas.”
The exchange also provided the Turks and Caicos delegation the opportunity to connect with innovative companies led by young entrepreneurs operating successfully within co-working spaces. A visit to High Tech Campus Eindhoven, one of the world’s leading locations for high-tech venture development and startup activity paired Smith and Rolle with teams of young designers developing self-driven vehicles, smart underwear, and muscle ultrasound technology. At Microlab, a co-working building for makers and creators, the TCI team met with its 26-year-old CEO, Luuk Visser who guided a tour of multiple floors of co-working spaces supporting a diverse range of over 100 companies.
Upon returning home to apply the knowledge gained during the exchange, Dominique Rolle said, “It came at the right time. We’re moving strongly through the design phase and from design to construction with a view to complete the first phase of the incubator in 2017. Our experience in Eindhoven was priceless in its generous provision of information, inspiration, and shared experiences from other young entrepreneurs and incubator founders. We’re excited to this vision become a reality.”
Press Release: Providenciales Chamber of Commerce
Young Corporate Alliance
#youngcorporatealliance
Providenciales, Turks and Caicos Islands – May 14th, 2024 – The Turks and Caicos Islands Government and Molo Hotel Group reached a pivotal juncture on Monday, May 13th, 2024, with the ceremonial signing of a development agreement at the Premier’s Office on Providenciales. The agreement, which received official Cabinet approval on March 13th, 2024, signifies a steadfast commitment to advancing the economic landscape of the Turks and Caicos Islands.
Molo Hotel Group is a family-owned business, renowned for its distinguished portfolio of high-quality hotels worldwide. The
development initiative encompasses the construction of three distinct IHG branded hotels: InterContinental Turks and Caicos, Kimpton Turks and Caicos and Hotel Indigo Turks and Caicos. Scheduled for completion by 2027, each resort boasts a distinctive design from luxury to laidback sophistication spanning across the shores of Grace Bay Beach.
Kimpton Turks and Caicos – an epitome of luxury lifestyle living, will feature 192 guest rooms including three outdoor pools, a luxury spa and a fitness center. Additionally, seven dining options ranging from a beachfront restaurant to a rooftop bar.
Adjacent to the Kimpton, InterContinental Turks and Caicos will offer 59 classic luxury suites with panoramic ocean views. Mirroring its counterpart, this resort will offer an array of dining options and upscale facilities.
Steps away from the Intercontinental and Kimpton resorts, Hotel Indigo Turks and Caicos will embrace a sense of community and contemporary elegance, offering 56 bedrooms. The resort will feature an onsite restaurant, lobby bar, outdoor pool, and fitness room.
Beyond the realm of hospitality, this development agreement underscores the government’s commitment to fostering economic growth and enhancing employment opportunities in the Turks and Caicos Islands. Molo is partnering with the Turks and Caicos Islands Community College (TCICC) to actively promote hospitality as a career choice and support in developing training programs, career fairs, seminars, workshops, and events to raise awareness about hospitality careers. Molo has committed to provide employment and apprentice opportunities to TCICC students and provide mentoring and practical on property training to students.
The signing event was graced by Hon. Charles Washington Missick, Premier of the Turks and Caicos Islands, Hon. Jamell Robinson, Deputy Premier, Hon. Kyle Knowles, Minister of Public Safety and Utilities, Hon. Rachel Taylor, Minister of Education, Youth, Sports and Culture, Łukasz and Marcin Slominski, Owners of Molo, Ross Morrow, Managing Director Molo, Arik Kono, Vice President Upscale Development for IHG, Dr. Candice Williams, President and CEO of the Turks and Caicos Islands Community College, Angela Musgrove, InvestTCI CEO, Dr. Barbara Ambrister, Chairperson of the Turks and Caicos Islands Community College, Dr. Delores Stapleton- Harris, Vice President of Academic, Vocational and Student Affairs for the Turks and Caicos Islands Community College, Mr. Kevin Baxter, Dean of Technical Vocational Education Training (TVET) and Sheryl McLaughlin, InvestTCI Investment Services Executive.
Commenting on the development agreement, Premier, Hon. Misick, stated “The Memorandum of Understanding (MOU) signing of
IHG/Molo Hotels is a significant step towards a sustainable future for hospitality in the Turks and Caicos Islands. Three hotels, Kimpton, Intercontinental, and Hotel Indigo, will be introduced, enhancing our tourism product and creating employment opportunities.”
He further added, “Partnerships with the Turks and Caicos Islands Community College and Turks and Caicos Islands Sports Commission are underway, demonstrating the Government’s commitment to developing human capital and elevating tourism offerings. This project will bring economic growth, embrace local talent, and enrich our economy.”
Additionally, Mrs. Angela Musgrove, CEO of Invest Turks and Caicos Islands, emphasized “This collaboration confirms our commitment to fostering economic growth and prosperity within our country. We have worked closely with Molo Hotel Group, and we are confident that this transformative project will further position the Turks and Caicos Islands as a premier destination for travel and investment. Much to our delight, it will also provide opportunities for engagement with our Community College and small business community.”
The Government of the Turks and Caicos Islands, operating through its primary Investment Promotion
Agency, Invest Turks and Caicos Islands, remains committed to attracting and facilitating Foreign Direct Investments to the country by providing a comprehensive suite of services. Through strategic initiatives and targeted promotion, the agency catalyzes sustainable development, driving innovation and small business opportunities across various sectors of the economy.
#TurksandCaicos, May 13, 2024 – Detectives of the Serious Crime Unit of the Royal Turks and Caicos Islands Police Force have
charged a man who allegedly stole a vehicle.
The accused, DANVANTE BRISCO, 30, of Kew Town, Providenciales, was charged with:
- One Count: Robbery
- One Count: Taking Motor Vehicle Without Authority
- One Count: Using Offensive Weapon to cause fear
Mr. BRISCO appeared in court today (May 13 ) and was granted bail of $7500.00 with one surety.
The matter was adjourned to July 05 for a Sufficiency Hearing.
#TurksandCaicos, May 13, 2024 – A 20-year-old Dock Yard male appeared in court today (May 13th) charged with a series of firearm-related offences.
The accused, JAMES SIMON, was denied bail and remanded into custody pending a Sufficiency Hearing scheduled for July 05th, 2024.
Mr. SIMON faces the following charges:
- One Count: Robbery;
- One Count: Gang Membership
- One Count: Possession of a Firearm for the Benefit of a Gang
- One Count: Possession of Ammunition for the Benefit of a Gang.
The charges against Mr. Simon followed investigations by officers of the Royal Turks and Caicos Islands Police Force into a robbery at the parking lot of a Casino where three males robbed a victim.
Additionally, Mr. Simon is charged with the following offences, having been arrested on May 02nd, 2024, along South Dock Road.
- One Count: Possession of a Firearm
- One Count: Possession of Ammunition
- One Count: Unlawful Entry
Officers also charged a teenage minor who was in the company of Mr. Simon on May 02nd with One Count of UNLAWFUL ENTRY.
The accused, seventeen and from Kew Town, Providenciales, pleaded guilty and will be sentenced on May 20th.
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