Technology Innovation Grant FAQs
How do I obtain the Entrepreneurship Seminar Certificate?
Once you submit your application you will be sent a link to attend and complete the mandatory virtual (2) two-hour Entrepreneurship Seminar before the application deadline at 11:59 p.m. on Friday, February 26th or forfeit submission.
How do you know what I need to purchase?
You must submit invoices to support the funding you are requesting and the financial needs of your business. If your invoices, exceed the total grant funding you are requesting, you must clearly state the total value of the invoice to be paid to each ...
How do you know what my project will entail?
You are required to complete the project description section of the application where you will describe your project and provide an impact statement to show the anticipated improvements to your business through technology.
I applied for the A² Technology Innovation Programme, when will I be notified regarding my application’s status?
All Applications will be reviewed once the application deadline expires on Friday, February 26th, 2021. All applicants will be contacted about their application status.
Who is reviewing Technology Innovation Grant applications?
An approval committee will be assembled consisting of representatives of both the Access Accelerator and Chairman (or designate) of eCommerce Advisory Board. This committee will review all applications.
What is a Technology Project Impact statement?
A technology project impact statement would include a description of how the addition of the desired technology would impact your business operations. This will be requested in the application form.
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, .pdf, and .gif.
What would be considered innovative technology activities?
The funds should be used to improve productivity and efficiency, improve business management and production processes, and modernize technology or other digital applications and services.
If approved, how do I receive the grant funds?
The grant funds are disbursed directly to vendors with business bank accounts who can receive and track wire transfers.
How do I access the Technology Innovation Grant application?
You can access the online application at www.accessaccelerator.org/techinnovationgrant
If I currently have a loan, can I apply for this Technology Innovation Grant Programme?
Yes, you still apply for this programme, but the loan could not have been a part of funding through the Access Accelerator.
How much funding is available for the Technology Innovation Grant Programme?
The eCommerce Advisory Board has granted the Access Accelerator $250K dollars in funding to assist with this initiative. The maximum grant funding available to each entrepreneur will be $5,000.
When will the Technology Innovation Grant application be open?
The programme will be open on Wednesday, February 10th, 2021. Interested applicants have until the deadline to complete the application and seminar and provide all required documentation before the application process ends. Application Deadline: ...
What are the requirements for the Technology Innovation Grant Programme?
Required Application Information Business Description Proof of citizenship Passport or Voter’s Card Business License Technology Project Impact statement Included in Business Profile of application Use of Funds Items with invoices & Payment ...
Who is eligible to apply for the Technology Innovation Grant Programme?
The following businesses are eligible to apply: Eligible start-up or existing businesses must apply through the Access Accelerator Business must be Bahamian owned or 51% Bahamian owned Must have fewer than 20 employees Must have a valid business ...
What is the Technology Innovation Grant programme?
The aim of this initiative is to specifically support micro, small, and medium enterprises (MSMEs) improve their management and the modernization of their technologies and other digital applications and services. This initiative is in collaboration ...