US$100M capital fund for Guyanese entrepreneurs launched

first_img…Govt urged to liberate Guyanese of “digital constipation”Guyanese entrepreneurs will soon have the opportunity to access financing as a Guyana-born businessman and telecommunications expert, Mike Singh on Saturday launched a US$100 million venture capital fund at the 2018 Digital Wealth Creation Summit.Telkom Caribe Group Chairman and CEO Mike SinghSingh, who was one of the featured speakers at the event held at the Marriott, which saw the attendance of hundreds of persons, said that many brilliant ideas died because very often borrowers did not have the collateral to access loans.While declaring that sometimes banks “kill entrepreneurship”, Singh, the Chairman and Chief Executive Officer (CEO) of Telkom Caribe Group, a telecommunications company based in Miami, Florida, announced the setting up of this fund to the applause of a receptive audience of mostly young people.Singh, whose business has offices in Abu Dhabi and South Africa, was critical of Government’s efforts to promote and capitalise on the use of modern digital technology. He shared with the audience how surprised and shocked he was that almost the entire hinterland region was without Internet.The Indigenous people of Guyana account for 12 per cent of the total population, and they should demand from Government that they too are connected, he said. “If I were them, I would have hold whoever is in power and say that ‘don’t fix the net, we not voting for you’. They are Guyanese too and they are being left behind,” he told a cheering audience on Saturday.Speaking of his experience of working and travelling to different countries around the world, Singh said even Afghanistan in the midst of war had Internet service, but the Kaieteur National Park had “literally no Internet there”.A section of the gathering at the Digital Wealth Creation Summit held over the weekendThe businessman and philanthropist said for the coastal region, the bandwidth was also poor and stated that it must be improved in order for Guyana to reap the full benefits of digital wealth. “What we need is fibre. We don’t need 50 megawatts, we need one gigabyte,” he asserted.Singh continued, “Because you cannot fuel innovation and wealth creation in the country in the Internet age unless you have bandwidth. Bandwidth helps to fuel intellectual capital growth and innovation. Your competition is not here in Guyana, but some man from India, or Shanghai.”While declaring that many jobs would be replaced with technology in the near future, Singh said before Guyana could begin to create Internet wealth and Business Process Outsourcing (BPO) companies, “we need to solve the bandwidth quagmire and liberate the people of this country from the digital constipation they are forced to live with”.Intellectual capitalAnother important topic Singh touched on was the need to safeguard intellectual capital of locals. The businessman is of the strong opinion that the laws in relation to this are sadly inadequate. He has advised that policy decision makers have more discussions around this with the aim of trying to set a stage for this to take effect in Guyana. This area, he claimed, has the potential to create massive wealth.Singh also raised concerns over the country’s reluctance to embrace fully the new Internet Protocol version 6 (IPv6). This most recent version of the Internet Protocol (IP), the communications protocol that provides an identification and location system for computers on networks and routes traffic across the Internet, is already being used in many countries, especially those in the developed world.The Summit, which was hosted for the second year, was aimed especially for entrepreneurs (whether veteran or aspiring); service professionals; students; or anyone who has a burning dream and desire to do what they love and to relentlessly pursue their dreams.Some of the speakers and presenters included: Dr Rosh Khan, the brain behind the event who is the CEO of the Masterclass Institute and SocialRankMedia as well as the local franchise holder/lead consultant of FranklinCovey; Public Telecommunications Minister Cathy Hughes; Gabriel Abed, the founder of, a Barbados-based blockchain startup; Ramesh Persaud, the CEO of the Institute of Private Enterprise Development (IPED); Valrie Grant, founder and Managing Director of GeotechVision, and Samantha Sheoprasad –a 2017 recipient of the Queen’s Young Leaders Award.last_img read more


first_imgLetterkenny Golf Club News and Results by Ladies Club P.R.O. Karen McGlinchey 6-11-2012Golfers are reminded that local winter rules are now in place and mats are obligatory to use on the fairways. They are not guaranteed to win you a turkey but on the positive side, everyone has to use them! They may be bought in the shop and cost €8 each. Ladies are also asked to use the online timesheet at all times and if changing times or removing yourself to notify your playing partners as a matter of courtesy and etiquette.The Young At Heart social night in the Day Centre, Oliver Plunkett  Rd. is hosted this year by the Ladies Club on Tuesday 13th Nov. at 7.30pm. If you are able to attend or bring some home bakes it would be much appreciated. This annual event is enjoyed by very many of our senior citizens and all contributions are welcome.The drive to get a Defibrillator for use in our club continues and you are asked if you have an old unused mobile phone to leave it in the collection box in the shop or bar. Please remove the sim card, as well as deleting all personal data and photos. Anne Condon is the lady to contact if you cannot find the box or indeed if you wish to make a financial contribution.The Christmas hamper is due to be played on the 24th Nov. weather permitting, I hasten to add as the Competition Secretarys long range weather forecast doesn‘t reach that far!The Ladies Club A.G.M. is scheduled to take place on the 29th Nov and you will shortly receive your agenda and details by mail. If you wish to put yourself forward for committee, please ensure you see the notice in the locker room and have your name entered on the list before the closing date. New people are always welcome with fresh ideas. Ask not what your club can do for you!As part of the build up to the Centenary Year in 2013, Declan O’Carroll has written a book detailing the history of the club. Everyone is invited to attend the book launch on the 6th December. Further details of this event coming your way in the coming weeks. But if you are already thinking of a Christmas present for your nearest and dearest, this would be ideal gift for lovers of golf !Don’t forget Browns on the Green have their fabulous Bistro menu available every Fri, Sat & Sun evenings. The Book Club continues monthly with Lady Vice Captain Sandra McMonagle. 25 Card nights every Wed night at 8pm and on Thurs nights, Bridge with Jimmy O’Donnell also at 8pm. Tonight Fri sees the return of the very popular quiz and putting competition with H McClafferty.GOLF: LETTERKENNY LADIES GOLF CLUB NEWS was last modified: November 6th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:GOLF: LETTERKENNY LADIES GOLF CLUB NEWSlast_img read more