News & Features

Three Teams Selected to Represent NCU at the National Business Model Competition 2017
Published: Thursday, February 16, 2017 2:48:13 PM

Recently, Northern Caribbean University held the fourth staging of the Morris Entrepreneurship Centre’s Business Model Canvas Competition to select the institution’s representatives at this year’s National Business Model Competition. The main sponsors of this event were Fontana Pharmacy, National Commercial Bank and Jamaica Money Market Brokers.  

Since the start of the Development Bank of Jamaica’s National Business Model Competition in 2014, NCU has dominated the competition, being named winners for the three years of its staging.

During the past three years, NCU has gone on to represent Jamaica at the global championships, placing within the top 10 each of the years, going up against no less than 500 student teams from all over the globe. Last year NCU’s team Guardana placed sixth in the world.

Hazel O’Connor, Executive Director of Morris Entrepreneurship Centre

Mrs Hazel O’Connor, Executive Director of Morris Entrepreneurship Centre, gave an overview of the Business Model Competition.

“The Business Model Competition exposes students to the possibilities of creating their own employment, to employ others and to create wealth,” she explained.

She pointed out that her students embarked on a twelve-week journey to develop a business model embraced by the international business community, one which has been proven to drive the success of new business ventures. This canvas is about the customer and not the product in the first instance.

There were four  teams vying for three available spots to represent NCU at the national level. Team Natsima came out on top. They developed a product with all natural ingredients of garlic, Guinea hen weed and ginger to treat sinusitis, colds and flu which would in turn prevent asthma attacks from occurring. The substance developed would be placed in a vapourizer to be inhaled by users.

Oshane Solomon of team Natsima demonstrates to the judges how to use their product

Second place went to team ‘Genesis Way’, with their development of Ackee Butter. This was developed as the healthy alternative to regular butter and margarine. In third place was team SOTARE. Their business canvas was focussed on increasing the production of yam, by way of scientific method which they call ‘RootTube’, which is customized to improve quality, quantity and enhance growth rate of yams.

These three teams will represent NCU at the DBJ’s National Business Model Competition, this year  scheduled for March 23 and 24 . 

For more photographic highlights of this event, click here

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