CIBC mentors young entrepreneurs
CIBC FirstCaribbean has partnered with Junior Achievement Jamaica (JAJ) to provide mentorship to more than 100 students from four high schools across the island. These students are engaged in the Junior Achievement Company of Entrepreneurs (JACE) programme through which they are being prepared to become successful entrepreneurs.
CIBC Liguanea, Mandeville, Montego Bay and New Kingston branches are coaching students of Wolmer's High School for Girls, May Day High, Cornwall College and Covenant of Mercy 'Alpha' Academy respectively, in the practical skills needed to compete in the global economy.
Over a six-month period, each school in the JACE programme will start a company after developing a product and written a business plan. Volunteers from the respective CIBC branches will guide the students as they work in their companies to conduct several business functions such as raising capital by selling shares, market and selling products, writing financial reports and recruiting staff.
Noting that this is the third consecutive year that CIBC FirstCaribbean International Bank is partnering with Junior Achievement to sponsor schools' participation in this entrepreneurship-based programme, Reneé Whitehorne, marketing manager of CIBC, said, "The volunteers are overwhelmed by the level of innovation and commitment of the students in making their business a success."
PRACTICAL LEARNING EXPERIENCE
President of JAJ, Alphie Mullings-Aiken, lauded the private sector's involvement in preparing youth to be business leaders, adding, "We are very pleased with the commitment and generosity of CIBC FirstCaribbean International Bank. Our students need this practical learning experience to become entrepreneurs and CIBC is one of the Jamaican companies that is helping us in our mission to empower youth to own their economic success."
JAJ provided training to 10 staff members to become effective coaches in the programme. Each volunteer received a kit that contained material needed for teaching the students.
In addition to running their businesses, the students have been participating in other activities to develop their personal and business acumen, including a one-day business workshop held at the Jamaica Conference Centre last November and monthly webinars hosted by various entrepreneurs and business leaders.
More than 800 students from 44 high schools across the island are involved in the JACE programme this year.