Leveraging a combination of public and private resources, the centre aims to bring Barbados in line with global cyber security requirements and expectations. To ensure that Barbados remains a safe and secure environment, the Government has also created a National Cyber Security Incidence Response Centre (BNCSIRC) in collaboration with the Organization of American States, the Commonwealth Secretariat and the International Telecommunications Union.
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“Ladies and gentlemen, welcome to the future,” boasted Christopher Sinckler, Minister of Finance, at the announcement of ’s investment, while also committing his government’s “full support” to driving Barbados into the digital marketplace. Government officials and policy have also been massively supportive of the growth of the digital economy.
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Many foreign-owned companies have already identified Barbados as a cost-efficient destination for a range of ICT-enabled activities such as call centre support, software development, transaction processing, database management and application development functions. The Barbados Government has been massively and consistently supportive of the country’s developing ICT and digital ecosystem.įoreign investors into ICT-related businesses enjoy some of the most encouraging tax incentives in the region and Invest Barbados has placed a high priority on attracting ICT-related businesses to the island. Many of the leading supermarkets have offered online shopping for years.
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BeepCab, a Bridgetown-based enterprise, delivers Uber-like connections to taxis and concierge services through an innovative, locally developed mobile app. Innovation is also thriving on the consumer side, as Barbadian and foreign entrepreneurs work to bring the benefits of the digital economy to the island’s citizens, investors and visitors.
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Signalling a strong endorsement of the company’s development, (a leading US online retailer), recently committed to investing more than US$16 million into Bitt Inc., valuing the company at around US$50 million. Take, for example, Bitt Inc, a Hastings based digital asset exchange which, earlier this year, was the first company to launch a digitized Barbados Dollar on the Bitcoin blockchain. And now they are also gaining a reputation as innovators and entrepreneurs within the Americas and around the world. Thrives Barbadians are already world-renowned for their hospitality. Consumers can tap into speeds of up to 1GB per second, while businesses can secure even faster services supported by experienced technical service professionals. Thanks to a dedicated effort by Flow Barbados and Digicel, the country’s leading national telecommunications and mobile providers, Barbados was also the first country in the world to extend fibre optic access and coverage to 100% of households and businesses. Barbados already boasts the third best ICT network in the Americas – trailing only the US and Canada in the rankings conducted by the International Telecommunications Union – and is ranked as one of the Top 30 countries globally.Īccess is universal. Indeed, behind the serene beaches and under the fields of lush cane, a digital heart is beating.
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As organizations around the world move towards digitization, Barbados is rapidly emerging as the digital leader within the Caribbean and South America.