Granting Success
Micro and Small Business Grant
Discover a pathway to success for your micro or small enterprise with the Ministry of Youth Development and National Service (MYDNS) Micro and Small Business Start Up Grant administered by the National Entrepreneurship Development Company Limited (NEDCO). This programme is a comprehensive initiative, it provides funding, offers training, business advisory services and mentorship. Best of all, it’s a grant with no repayment obligations! If you’re ready to propel your business to new heights in Trinidad and Tobago, seize this opportunity now!
Funding to Help Your Business
Get off the Ground. Knowledge to Keep it Growing.
The MYDNS Micro and Small Business Grant Programme is a game-changer for small business development in Trinidad and Tobago. Over the next two (2) years, we aim to support at least 1,000 applicants per year across various sectors. The programme provides successful applicants with vital financial assistance, a 15-day Training Programme, along with Business Advisory Services and Mentorship.
Training and Skill Development
A comprehensive 15-day training development programme
Business Advisory and Mentorship Services
• The development of a viable business plan in collaboration with business advisors.
• Initial advisory sessions followed by mentorship sessions.
Grant Funding for Small Businesses and Mentorship Support
• Access of up to $20,000.00 (TTD) with mentorship support.
• No repayment or interest obligations.
Applying for the Micro and Small Business Grant
If you or your business meets the criteria below, you are eligible to apply for the MYDNS grant:
Business Eligibility:
- A Business Idea;
- A Start-up (registered but not operational);
- An Existing Business.
- Turnover less than TT$250,000 over the last 12 months (for an existing business); or
- Forecast Turnover for the first year of operation must be less than TT$250,000 (if not yet in operation).
Applicant Eligibility:
- Citizen or legal resident of Trinidad and Tobago.
- At least 18 years of age.
- Own 50% or more of the business.
- Must have a BIR number (for existing businesses).
- Must have a registered business (for start-ups and existing businesses).
- Comply with legal requirements necessary for operating their business.
- Possess relevant skills, experience, or qualifications to conduct the proposed business.
Frequently Asked Questions
1. What is a business grant?
A financial award that does not need to be repaid, used to support businesses in obtaining their goals.
2. Who can apply for the MSB grant?
Citizens and legal residents over the age of 18 years with a new business idea, start-up (registered but not operational) or existing business can apply.
3. What is the maximum amount an applicant may receive?
Applicants may receive up to $20,000 (TTD).
About NEDCO
The National Entrepreneurship Development Company Limited (NEDCO) was established in 2002 to support micro and small enterprises in Trinidad and Tobago since 2002. NEDCO offers a suite of entrepreneurial development services to help businesses move from business concept to success.
Never Miss an Opportunity
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The MSE Grant program is administered by the National Entrepreneurship Development Company Limited(NEDCO)
Want to know more?
Contact us and discover how we can help you achieve your business goals.
(868)-821-5800
ext. 2013/ 2017/ 2018
The Micro and Small Business Grant Programme is administered by the National Entrepreneurship Development Company Limited (NEDCO)
