The Barbados Youth Business Trust (BYBT) is a Non-Governmental Organization and charity which helps young people 18 to 35-year old who are unemployed, underemployed and of limited means, to set up and run their own business by providing financial assistance, ongoing business advice and marketing and networking support through its business mentorship program. The Trust was started in 1996 by social young entrepreneurs who sought to provide for young persons who have a viable business plan but have been unsuccessful in raising the startup capital elsewhere the assistance they need to get their business started. BYBT has played an integral role in the development of the entrepreneurial culture of Barbados.
Our successful business strategy has been providing an integrated package of business mentoring, start-up loans and grants and other developmental support services to this target group. One of our advantages is that every new business is assigned a Business Mentor – a volunteer who provides support, encouragement and advice to help the business succeed. The Trust also provides marketing and sales opportunities, including subsidized space at exhibitions, providing and informing young entrepreneurs about training opportunities, providing grants for marketing research, educational and go and see opportunities.