*Changes To Our Road Map*

Our interactions with innovative businesses over the last year in both the Seed Capital Fund and Venture Capital Fund have led to us focusing more on quality as it relates to governance, marketing, finance, etc. - so as to inculcate a zero defects culture rather than focus on six new businesses every two months. It is expected that this change in strategy will not necessarily reduce the level of GDP contribution over 5 years but may in fact enhance such returns.

*Milestones and breakthroughs*

So far we have converted 6 projects from the pipeline to projects that have been approved for venture capital by our venture capital board. These projects are:

Manipura Inc.
Caribbean Streaming Network Inc. (CSN)
EeZee Kricket Inc.
Went Caribbean Inc.
Movementunes Inc.
CaribbeanTales Worldwide Distribution Inc.

We observed that there is no shortage of entrepreneurs and most of our entrepreneurs are in the creative industries - art, fashion, film, music. To date we have been able to garner a cadre of shepherds who, together with business advisors, have been able to undertake the shepherding process to mitigate the risk of business failure. We have also aroused some interest from select investors to invest in the Venture Capital Fund.