Funding Available For Tourism Entrepreneurs

January 31, 2023 | 10 Comments

The Bermuda Tourism Authority [BTA] invites local entrepreneurs to apply for the Experience Investment Programme.

A spokesperson said, “The programme will allow interested businesspersons to submit their application between February 1, 2023, and February 28, 2023.

“Launched in 2016, the tourism experience investment programme is a vehicle for tourism entrepreneurs who need assistance getting their ideas off the ground. The programme was developed by the BTA to support the creation of innovative home-grown experiences by local event producers and tourism entrepreneurs.

“Aligning with the Local Involvement pillar of the National Tourism Plan, the investment helps foster the growth of original ideas placed forward by the local community. To date the programme has invested over $4 million into the economy by way of small business start-ups.”

Tracy Berkeley, Interim Chief Executive Officer said: “Bermuda is a vibrant country, and a vast part of our appeal is our residents. We are a group of dynamic, creative, and innovative people. Programmes such as these allows us to combine our cultural and tourism offerings, creating an enhanced Bermuda experience for our guests.”

“In 2022, the BTA named 9 successful beneficiaries, who went on to curate experiences centered around food, live music, and other sources of entertainment.

“We are delighted to facilitate the next cohort of tourism entrepreneurs through our Experience Investment Programme. Each applicant is encouraged to be guided by the pillars of the National Tourism Plan,“ said Tashae Thompson, BTA VP of Experiences.

“Data from our quarterly visitor exit surveys have provided us insight on what visitors love and what they would like to experience while on island. We are focused on enlisting innovators who have the imagination and business acumen to translate Bermuda’s unique assets into frictionless experiences that will surprise and delight our visitors.”

Those interested in applying can find all the necessary information on the BTA website.

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Comments (10)

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  1. Question says:

    If the financial risk is being taken by the government, you have no business calling yourself an entrepreneur.

    • Triangle Drifter says:

      No, it is a financial risk carried by the taxpayers of Bermuda.

      How many of these public funded start ups have been air headed ideas in the first place, doomed to failure, at little risk to the so-called entrepreneur?

      • sandgrownan says:

        Faith Based Tourism! Bring it on!

      • question says:

        Well, exactly. Maybe they’ll ‘invest’ $800,000 in me so I can set up a state-of-the-art recording studio.

  2. Joe Bloggs says:

    More money being given away, more votes being purchased

  3. sandgrownan says:

    There is nowhere for people to stay.

    • Joe Bloggs says:

      Sure there is. There is Elbow Beach, Southampton Princess, Sonesta Beach, Palmetto Bay and many more

      • sandgrownan says:

        You forgot that one out by Somerset Bridge…been closed for years. Oh, and there’s a new one on Morgan’s Point.

      • Dejavu says:

        Are you serious?! $500 a night for a garden view room. No room service or anything to do in any of the hotels. There’s zero reason for people to visit bermuda, pink sand isn’t enough anymore

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