Caribbean Times 4th Issue - Thursday 29th September 2016

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10 c a r i b b e a n t i m e s . a g Thursday 29th September 2016 ECTEL study reveals impact of broadband on economic growth in Member States CASTRIES, Saint Lucia - A study on “The Impact of Broadband on Economic Growth in ECTEL Member States” indicates that an increase in the broadband penetration rate of 1%, would lead to an increase in real economic growth of 0.076%. The findings according to the report, applies to all ECTEL Member States as a single group. The study which was commissioned by the Eastern Caribbean Telecommunications Authority (ECTEL) under the CARCIP project was the first attempt to empirically test the economic impact of broadband penetration in the five ECTEL Member States. The CARCIP programme is funded by the World Bank and aims to leverage Information and Communications Technology (ICT) throughout the region. The results of the CARCIP/World Bank funded study, show a positive linear correlation between averaged real economic output and broadband penetration rate for each ECTEL Member State, for the period 2012-2014. St. Kitts and Nevis stands out from among the other Member States indicating in part the varying levels of investment per capita in broadband technology among ECTEL Member States. The empirical evidence from this study means that Governments can now strategically prioritize the communication sector and proceed quickly to modernize the regulatory framework to “purposefully accelerate the delivery of broadband services and provide support for investment in broadband technology.” The study concludes that the anticipated economic impact from such a move would definitely contribute towards the national effort of putting EC- TEL Member States on a sustainable growth path. It was commissioned to quantify the extent to which investment in broadband technology and by extension broadband penetration would impact economic growth. An empirical economic model approach using data for the period 2012 to 2014 was adopted for this study. According to CARCIP Project Officer, Winston George: “The study was conducted as part of the process to understand the social and economic factors which were inhibiting the increase in broadband uptake.” The study was conducted by Consultant Curlan Gilchrist, Associate Professor, Department of Business and Management at St. George’s University, Grenada. cont’d from pg 9 Director of the Caribbean Export Development Agency, implementing agency for the programme stated that “It is in our interest to encourage the development of a network of angels as this significantly increases the impact of angel investing which in turn influences new business development, and job creation. Through LINK-Caribbean and RAIN, we aim to accelerate the development of angel investing in the region.” Senator The Hon. Darcy Boyce in his feature address congratulated the Agency on this initiative and pointed out that there was a need address the issue of intellectual property for early-stage businesses “we have to increase the pace of our work on protecting intellectual property in these business ideas, and on valuing such intellectual property in early-stage businesses” commented Senator Boyce. The growth of a regional ecosystem for early-stage investing will help to spur greater innovation and the development of business, but whilst the facilitation grants contributes significantly towards this, the provision of non-funding activities are also critical to the stimulation of angel investing and to support the development of deal-flow for early-stage investment. The Agency has already delivered training to regional entrepreneurs and BSOs in Barbados, Jamaica and Saint Lucia on best practices for engaging angel investors including an introduction to finance options, exits, valuations, use of investment proceeds, creating a winning pitch deck and finalizing investments. Moreover, upon joining RAIN, entrepreneurs and angel investors are able to connect and gain access to a repository of learning materials, best practice guides, sample investment documents and other relevant resources.
Thursday 29th September 2016 c a r i b b e a n t i m e s . a g 11 Wednesday’s Sudoku Solution S U D O K U CROSSWORD Across 1. Land parcel 5. Orderly 9. Burn with steam 14. Whole bunch 15. Curved doorway 16. Forbidden 17. Discount event 18. Outstanding 20. Natural mineral 21. Oaf 22. Eats away 23. Food service 25. Peel 26. ____ Cruces 27. Diner list 28. Deep 31. Sheik’s wives 34. Open to ideas 36. Long, narrative poem 37. Closet wood 38. ____-friendly 39. TV Host David ____ 41. Blinding light 42. HST’s successor 43. Singer ____ Diamond 44. Possesses 45. Mild oath 46. Disease from mosquitoes 50. Do again 53. Workbench clamp 54. Individual 55. Billy Graham, e.g. 57. Tablets 58. Feel 59. Words of comprehension (2 wds.) 60. Group of three 61. Squirrels’ homes 62. Acquire by labor 63. Memo letters Down 1. Civic gp. 2. Santa ____ 3. Rented again 4. Sheep mom 5. Italian seaport 6. Baseball blunder 7. Passed effortlessly 8. “War of ____ Worlds” 9. Horse rider’s foot support 10. Narrow boat 11. Not up yet 12. ____ wolf 13. Specks 19. Nastier 21. Pack tightly 24. Choose by vote 25. Pie nut 27. Hero’s award 28. “Mona ____” 29. Above 30. “The Way We ____” 31. Retained 32. Copied 33. Ceremonial act 34. Send payment 35. Oklahoma city 37. Invent 40. Angers 41. Strong wind 44. Hurry 45. Thickly populated 46. Stingy one 47. Lions’ sounds 48. Delhi’s country 49. Fable collector 50. Pause 51. Perpetually 52. Window glass 53. Travel document 56. Untruth 57. School gp.
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Caribbean Times 4th Issue - Thursday 29th September 2016

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