Scaling the Solution: How do you intend to scale your activities over the next two years (e.g., reach new markets, diversify solutions, etc.)? What will make this possible?
The company has invested in equipment to help increased the production of the current product range and also to make it possible to diversify the products offer. With the formation of the cooperative New Age Planters as well as working closely with Green Business Barbados and other green companies this will help the company in maintaining high standards in production. The intention is to help develop the organic farming sector in Barbados through the cooperative and to provide outlets for farmers to have the produce available for sale through more than one avenue. To keep up with the demands of the market the cooperative will extend it reach regionally.
Financial Sustainability: What is your business model to ensure financial sustainability?
Through the formation of the cooperative, New Age Planters, the members will be provided the opportunity to equally invest in their growth. In return Ibis Wellness Inc and other agro-processors will provide ready markets for these farmers thus benefitting from securing high quality raw materials for their production at competitive prices. This will therefore increase the competitive advantage of the companies in the marketplace
Experience: Please provide examples of any previous entrepreneurial initiatives you have pioneered.
I am currently registering the Cooperative New Age Farmers which has been in operation for about several months. The company started processing unpurified beeswax to use in products. I was a finalist in the Caribbean Innovative Challenge 2013. The company participated at an international trade show in Santo Domingo, Design Caribbean2011 with it natural body products.