Royal Caribbean Programme FAQs
What happens after I receive my funding for the Royal Caribbean Programme?
Access Accelerator will publish the names of successful applicants and the amount of approved funding. Applicants are required to participate in public relations initiatives which may include but are not limited to newspaper features, social media ...
What is the Clean and Pristine Badge?
The Ministry of Tourism, in collaboration with the Ministry of Health and other regulatory agencies, launched a "Clean & Pristine" programme to minimize the spread of the coronavirus among visitors and locals. Accommodation entities (hotels & ...
What are the eligible purchases for the Royal Caribbean Programme?
Under the Royal Caribbean Programme, applications will be approved to cover business costs related to: Inventory Supplies Packaging Uniforms Marketing (including branding and advertising) Public Liability Insurance Coverage Permits and Licenses ...
What is the Funding Structure of the Royal Caribbean Programme?
Existing small businesses can apply for up to $15,000 in combined grants and loans based on their size and annual sales. The funding structure is 50% grant and 50% loan to be paid over a term of 5 years. The budget for this programme is $500,000 and ...
How do you know what I need to purchase?
You must submit official vendor invoices to support the funding you are requesting and the financial needs of your business. The total value of invoices submitted should not exceed your funding threshold. FUNDING THRESHOLDS Group A Earning Annual ...
How do I gain access to the mandatory 5-hour training sessions for the Royal Caribbean Programme?
You will receive an email after submission of the application, with a link to the virtual training videos. If for some reason you do not see this email, sometimes unfamiliar emails can be flagged as spam. Kindly search all folders for ...
What if I run into a technical issue with the application?
Please visit our website www.accessaccelerator.org and click the "Help Centre" tab, submit a ticket, and let us know how we can help.
What format of documents can I upload?
You can upload documents in .doc, .jpeg, and .pdf.
Do you pay for the landed cost of goods?
For consideration for customs and brokerage payments, you must provide an estimate or quote from your brokerage company or an estimate with details on how the funds are calculated. This should be uploaded as an invoice and a value inserted that ...
If approved, how do I receive Royal Caribbean Programme funds?
Vendor payments will be executed via wire transfers to business bank accounts only. Credit card, check or cash payments are not allowed.
How do I access the Royal Caribbean Programme application?
You can access the online application at https://www.accessaccelerator.org/royalcaribbeanprogramme/
Do I have to be an Access Accelerator client to apply to the Royal Caribbean Programme?
No, you do not need to be an Access Accelerator client, but you must be an entrepreneur with an existing business on Berry Islands, Grand Bahama and New Providence.
Who is reviewing Royal Caribbean Programme applications?
Applications that pass the initial screening process will be forwarded to the Royal Caribbean Programme Committee ("Committee") comprising of representatives from Access Accelerator, Bahamas Agriculture and Industrial Corporation; Bahamas Chamber of ...
I applied for the Royal Caribbean Programme, when will I be notified regarding my application’s status?
The Royal Caribbean Programme Committee will meet to review applications mainly on the basis of business viability, management expertise and creditworthiness. The approval cycle is bi-monthly. Businesses that are approved by the Committee will ...
How much funding is available for the Royal Caribbean Programme?
Royal Caribbean Group established a $250,000 fund to be matched by the Government of The Bahamas through its matching grant programme. Access Accelerator will offer 3% interest loans with repayment term of 5 years to qualified applicants. The ...
What are the requirements for the Royal Caribbean Programme?
Required Application Documents Executive Summary (To be completed in the application) 2-Minute Pitch Video Current Business License (Mandatory at the time of application) Business Filings Clean & Pristine Badge Valid Passport Photo Page Valid ...
When will the Royal Caribbean Programme application be open?
The programme will be open on Monday, July 19th, 2021. Applications will be accepted, reviewed and approved on an ongoing basis.
Who is eligible to apply for the Royal Caribbean Programme?
Eligible existing businesses that apply through A2 with the following criteria: Must offer products and services for domestic and foreign tourists; Including but not limited to: Accommodations Tour Experiences Taxi Services Vehicle Rentals ...
What is the Royal Caribbean Programme?
The Access Accelerator has partnered with Royal Caribbean Group to provide funding and training opportunities for micro, small and medium-sized enterprises (MSMEs) in the tourism sector. This programme is open for entrepreneurs on New Providence, ...