Haitian Companies Compete in 2009 Pioneers of Prosperity Contest

By Bryan Schaaf on Friday, September 11, 2009.

On September 11th, winners will be selected for the Pioneers of Prosperity Caribbean Awards 2009.  Two Haitian companies are in the running: (1) Alternative Insurance Company, founded in 2001 by Olivier Barrau to provide a range of insurance products aimed at Haitians earning less than $4 a day, and (2) Solutions S.A., founded by Kurt Jean-Charles in 2000 to create customized database solutions and  information systems.  Both companies demonstrate the potential of Haitian businesses and we wish them the best of luck.  More details about the contest are below.

 

Part of the global Pioneers of Prosperity (PoP) Award Programme, the event brings together top Caribbean businesses, investors, leadership, and members of the community to celebrate and recognize torch-bearing entrepreneurs and their firms in the region.  The competition highlights the power of entrepreneurship to drive prosperity in the Caribbean in the midst of the global economic crisis.

 

PoP’s long-term aim is identify, highlight, and promote powerful role model entrepreneurs that will inspire the next generation of Caribbean business leaders. Pioneers of Prosperity is founded on the fact that innovative ideas and dynamic business models exist in even the most challenging markets, and that greater prosperity will ensue if these local models of success are better understood, better supported, and showcased widely.  A Pioneers of Prosperity (PoP) Award winner by definition is an entrepreneur whose business provides sustained value to its customers, workers, owners, and future generations, and whose commercial success and entrepreneurial spirit make them a role model to their peers.

 

Winning companies are selected using the COW-F framework, which was developed by Michael Fairbanks.  COW-F entrepreneurs create value for four key stakeholder groups: 1) they innovate to satisfy customers; 2) they, as owners, provide a competitive ROI; 3) they provide high and rising wages to and training for workers; and 4) they have a sustainable business model with initiatives that strengthen society and do not degrade the environment.   Framed another way, winners know what product or service to offer to which customer to give them a competitive advantage.  They nurture, train and compensate workers with a sustainable, community involved, and environmentally sound business model for the future.

 

All ten winners at the country-level received a grant from the Multilateral Investment Fund of the Inter-American Development Bank (IDB) of US $40,000 to invest in training and technical infrastructure for their company and are eligible during the regional competition for a chance to win an additional US $60,000 and the prestigious title of Pioneers of Prosperity Caribbean.  All five honorable mentions will receive a similar grant of US $10,000.  Winning firms will also be connected to a global network of technical expertise, potential investors, and other cutting-edge entrepreneurs.

 

The competition is sponsored by the Multilateral Investment Fund (MIF) of the InterAmerican Development Bank and The John Templeton Foundation. Michael Fairbanks of the SEVEN Fund developed the concept for Pioneers of Prosperity, and the program is executed globally by the OTF Group

 

A detailed program overview, frequently asked questions, detailed profiles of the competing companies, and biographies of the program’s executive team and sponsors can be found online at : http://pioneersofprosperity.org/PoP-Press/ 

 

You can follow it all online and find out more about the 2009 event at PioneersofProsperity.org. If you are interested in receiving a copy of the newsreel being developed, please email pioneersofprosperity@otfgroup.com Any specific press inquiries, including requests for interviews, can be directed to that same address or to 876-455-8208.

Guyanese firm wins '2009 Pioneer of Prosperity'

Caribbean contest rewards innovative businesses
One is a male spa whose business in this gritty machismo society is to remove the stigma of a man caring about his appearance. Another devised a text messaging service alerting bank customers when remittances have hit their accounts. And a third adds value to wood by turning dried lumber into construction material and giving the wood waste to chicken farmers.
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Three companies with three very different innovative ideas are among 10 finalists from seven Caribbean nations vying to be called a Pioneer of Prosperity and earn $100,000 when the winner is announced Friday night in Montego Bay.
.
First launched in Africa in 2007, the Pioneers of Prosperity competition is aimed at inspiring small and medium-size enterprises by rewarding and promoting those that have done well.
.
Innovative business contest focuses on Caribbean
Innovative business contest focuses on Caribbean
One is a male spa that is making it their business in this gritty machismo society to remove the stigma of a man caring about his appearance. Another devised a text messaging service alerting bank customers when remittances have hit their accounts. And a third adds value to wood by turning dried lumber into construction material and giving the wood waste to chicken farmers.
.
Three companies with three very different innovative ideas are among 10 finalists from seven Caribbean nations vying to be called a ``Pioneer of Prosperity,'' and earn $100,000 when the winner is announced Friday night in Montego Bay.
.
First launched in Africa in 2007, the Pioneers of Prosperity competition is aimed at inspiring small and medium-size enterprises by rewarding and promoting those that have done well. This year the focus is on the Caribbean, where struggling entrepreneurs have not always had it easy and are feeling the brunt of the global economic crisis as remittances fall, interest rates rise and banks make it
.
Innovative business contest focuses on Caribbean
Innovative business contest focuses on Caribbean
One is a male spa that is making it their business in this gritty machismo society to remove the stigma of a man caring about his appearance. Another devised a text messaging service alerting bank customers when remittances have hit their accounts. And a third adds value to wood by turning dried lumber into construction material and giving the wood waste to chicken farmers.
.
Three companies with three very different innovative ideas are among 10 finalists from seven Caribbean nations vying to be called a ``Pioneer of Prosperity,'' and earn $100,000 when the winner is announced Friday night in Montego Bay.
.
First launched in Africa in 2007, the Pioneers of Prosperity competition is aimed at inspiring small and medium-size enterprises by rewarding and promoting those that have done well. This year the focus is on the Caribbean, where struggling entrepreneurs have not always had it easy and are feeling the brunt of the global economic crisis as remittances fall, interest rates rise and banks make it

Congratulation to the winners

Identifying the role model entrepreneurs that will inspire the next generation of business leaders was really a great deal today. With the global and local competition of entrepreneurs it should be prestige and and honorable to win the Pioneers of Prosperity Contest.

Haitian Businesses Say Downgraded Travel Advisory Not Enough

BY TRENTON DANIEL
TDANIEL@MIAMIHERALD.COM
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More than a month after the U.S. State Department downgraded its travel advisory to Haiti, business leaders in the Caribbean nation say the revision opens the door slightly to foreign investment, tourism, and other business opportunities.
But they also say that the State Department did not go far enough -- and that the advisory language should be softened further.
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``We agree that it's a good thing, but we still have a lot of problems with it,'' said Rene; Max Auguste, president of the Haitian American Chamber of Commerce in Haiti. ``The problem is visitors and technicians still won't come to the country.''
The change comes a month after the United Nations' new special envoy to Haiti, former President Bill Clinton, lobbied for a revision to the travel statement, which no longer advises U.S. citizens to avoid ``nonessential travel'' to Haiti.
Earlier this year, Haitian Prime Minister Michele Pierre-Louis told The Miami Herald that she raised the issue with Secretary of State Hillary Clinton, saying that the advisory impedes investment. Clinton promised to review the issue.
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Other countries also have amended their advisories, but leaving language similar to the State Department's. On Friday, Britain joined Canada and Spain in making the change. The State Department revision marks what could be a small yet significant victory for the Caribbean country. Haitian business leaders and others have long viewed the advisory as a traffic signal of sorts: It can green-light foreign investment and tourism as easily as it can block it.
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``If you want to go to a country and see a travel advisory, are you going to go?'' said Marie Bell, a former chairwoman of former Gov. Jeb Bush's Haiti Task Force. In the past year, Haiti has experienced a measure of relative stability, to which many credit the U.N. peacekeeping mission and a more professional Haitian National Police force. Much of the political violence that rattled Port-au-Prince during the administration of former President Jean-Bertrand Aristide and after his 2004 ouster has sharply subsided, though minor protests happen sporadically.
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U.N. officials have lauded the drop in crime and violence, which included gang-related kidnappings. Perhaps the biggest sign of improved security: A revived nightlife in Port-au-Prince and its suburbs.
Despite considerable security gains, a recently released report by the U.N. says the progress remains fragile. The U.N. asked for its peacekeeping mandate, which expires Oct. 15, to be extended for one year.
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On July 17, the State Department downgraded its Haiti travel advisory, removing the phrase ``nonessential travel.''
``The State Department warns U.S. citizens to exercise a high degree of caution when traveling to Haiti,'' reads the current advisory. ``While the overall security situation has improved, political tensions remain, and the potential for politically-motivated violence persists.''
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U.S. officials say advisories are issued in the interest of protecting Americans.
``Our ultimate goal in the travel warning is to ensure the safety and security of the American public,'' said Ted Coley, of the State Department's Office of Overseas Citizens Service.
The travel warnings, based on embassy-generated reports, are issued to describe ``long-term, protracted conditions that make a country dangerous or unstable;'' the less severe travel alerts are used to communicate details about short-term conditions -- namely, natural disasters, coups, or international conferences and regional sports competitions. Iraq, Afghanistan, and Sudan appear on the list. Colombia and Haiti are the only countries in the Western Hemisphere on the warning list.
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The advisories are watched not only by investors, but also by academics and university administrators.
For almost 13 years, Florida International University has held a summer Creole-language program, which for some years brought scholars to the island nation. Few U.S. academic institutions offer this kind of hands-on language learning in Haiti.
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But since 2003, a year before a small and violent rebellion toppled Aristide, university administrators have put the immersion-side of the program on hold. Haiti was too risky, they said.
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``It was not the right time to bring students to Haiti because of liability issues and because none of us wanted to put anybody in a compromising position,'' said Liesl Picard, associate director of FIU's Latin American and Caribbean Center.
Picard said that reinstating the Haiti-side of the program will receive serious consideration because of the softened travel advisory.
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But even with security gains, it is still too early for some to let college students return to Haiti. FIU administrators had considered resuming the Haiti classroom component but held back.``For this next year, we'll continue to monitor the situation,'' Picard said. ``We still feel it's a critical component to the program. It adds depth and value.''
In late August, about two dozen business leaders met with U.S. officials at a hotel in Haiti. In the meeting, René Max Auguste and others weighed in on the need to make further changes to the travel advisory.
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``Haiti is more secure today than Mexico or the Dominican Republic. Or Jamaica,'' Auguste said.
None of those three countries have outright travel advisories, though U.S. officials issued a travel alert for Mexico because of Hurricane Jimena. However, the State Department notes elsewhere on its website that Mexico has seen violence increase because of drug cartels.
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``A big company will be hesitant about sending their people down or even ordering,'' said Boca Raton businesswoman Susan Karten, owner of a Haiti needlework company called Voila! C'est Fini! ``I say lift [the advisory] and get people down there.''
Miami Herald Caribbean correspondent Jacqueline Charles contributed to this report.

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