Ignite Bermuda Releases Impact Report

October 6, 2021

Ignite Bermuda has released its 2019-2021 Impact Report, highlighting the “lasting impact an entrepreneurial ecosystem can have through coaching, mentoring, and a supportive community of peers.”

A spokesperson said, “Ignite Bermuda is pleased to share their 2019-2021 Impact Report that covers the launch of the entrepreneurial accelerator programme and its development through Cohorts 1, 2 and 3.”

Don Mackenzie said, “As we head into our third year of operation, we will have supported over 250 entrepreneurs and community leaders. After graduation from our programme, these individuals, companies and networks will continue to create jobs and to strengthen the social fabric of Bermuda.”

The spokesperson said, “Ignite was honoured to be recognised in 2020 with a Best of Bermuda Award for Good Corporate Citizen after the success stories of their inaugural cohort. The case studies in this report highlight the lasting impact an entrepreneurial ecosystem can have through coaching, mentoring, and a supportive community of peers.

“In our ever-changing economic landscape, Ignite’s entrepreneurs continue to persevere, pivot, and connect with each other long after completing the programme.

“For those considering applying for Ignite’s next cohort, know that Ignite runs a proven model to help you and your business or organisation accelerate. However, while Ignite provides support, encouragement and feedback, the work is done by the entrepreneurial leader.

“The 5-month accelerator programme is an opportunity to focus on growth and put in the work of building a strong foundation from which to grow. Applications can be submitted online until 5 pm, October 15, 2021, with the programme scheduled to begin in January 2022.

“The Ignite ecosystem is about nurturing and developing all of the necessary elements to create a healthy support system for Bermuda’s entrepreneurs, small businesses and community leaders. An equally important mission is to create a safe environment where entrepreneurs can take risks and collaborate with and support each other.”

Don Mackenzie said, “Ignite would not be the same without the vibrant community of entrepreneurs who have the courage and self-belief to create opportunities for themselves and their team members. The level of demand for our first three cohorts has far exceeded our expectations. More importantly, the quality and attitudes of our cohorts have inspired us to work even harder to support them.

“Their stories inspire us and we hope you will feel the same.”

Number Highlights: Cohorts 1-3

  • 47 full-time jobs created
  • 105 part-time jobs created
  • 37% total sales growth of cohort businesses
  • 85 families directly supported through core cohort members
  • 850 hours of enablement
  • 120+ hours of professional development over 33 events

The spokesperson said, “More information about Ignite Bermuda’s Accelerator Programme, and the link to apply, can be found online via www.ignitebermuda.com.”

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