Scotiabank Chair
In Entrepreneurship & Development At UTech


 



GOAL OF THE CHAIR

To facilitate the growth of entrepreneurship and development and assist the micro, small and medium-sized enterprise (MSME) sector in Jamaica and CARICOM.


TERMS OF REFERENCE

The responsibilities of the Scotiabank Chair in Entrepreneurship and Development will include:

  • Coordinate and facilitate the implementation of the Enterprise-Wide Risk Management and Financing Programme targeted at MSMEs in The MSME Alliance
  • Engage in research and case studies on entrepreneurship and development.
  • Initiate and implement specific projects/programmes to facilitate the growth of entrepreneurship
  • Organize training programmes on sound entrepreneurial practice and conferences, seminars and/or workshops to disseminate research finding and other information related to up to date entrepreneurial practice.
  • Collaborate with UTech faculty in a review and development of an entrepreneurial competency framework and mainstream entrepreneurship in the programmes of UTech.
  • Engage in public education about the significance of entrepreneurship in the development process.

MAIN ACTIVITIES

  • Research: The Chair will seek to encourage and fund the following areas of research:

    • Characteristics for identifying entrepreneurs that will facilitate development
    • Measurement/management of risks & financing MSMEs
    • Trade & trade-related issues
    • Information asymmetries as a constraint to entrepreneurship and development
  • Scholars engaged in these areas of research or seeking assistance in undertaking research and publications in these areas can submit published papers and/or an outline of proposed research/publication for consideration of support to scotiachair@utech.edu.jm

    All activities undertaken by the Chair will be guided by the body of research undertaken by a team of researchers.

    Applications for a UTech/Scotiabank Special Research Fellowship under this programme should be done in this “Application Form” format [pdf] .
     


  • Enterprise-Wide Risk Management & Financing Project: The Chair will coordinate and facilitate the implementation of the Enterprise-Wide Risk Management and Financing Programme (ERMFP) to assist MSMEs in The MSME Alliance to increase access to financing and enhance competitiveness. This programme is funded by IDB and other financial institutions.


  • Funded Projects and Programmes: The Chair will solicit other grant funding and engage in a range of entrepreneurial activities to generate additional financing to undertake the work the chair. In so doing, specific projects and programmes will be designed and implemented to achieve the goal of the Chair. These include:



MAIN BENEFICIARIES

The main beneficiaries will be micro, small and medium-sized enterprises (MSMEs) and Business Associations, in particular those who are part of The MSME Alliance. They cover several sectors, including entertainment, manufacturing, personal services, transportation, retailing, mining, agriculture among others. The estimated number of MSMEs in The MSME Alliance is about 250,000.

Other beneficiaries will be:
  • Scholars undertaking research and publication in the areas of entrepreneurship and development
  • Students pursuing careers in business and other related fields of study. The estimated annual student population in business at UTech is 3,000 and the total student population at UTech is 9,000
  • Policymakers promoting an entrepreneurial culture
  • The financial sector, whose business clients will exhibit an improved business culture and lower credit risk
  • Workers, earning higher incomes in a better business environment
  • Consumers, from better and cheaper products and customer service