The Dominica Youth Business Trust (DYBT) targets young Dominicans 18 to 35 years old who are desirous of having their own business but do not have the necessary collateral, financial security or backup to access a loan from financial institutions. Most of these young people also lack the basic knowledge, skills, training and experience to venture into business. Some of the prospective entrepreneurs also lack the awareness of the various institutions which are critical for the establishment of small business operations in Dominica.
Some young people who are already involved in business lack basic business management and marketing capabilities to move the enterprise to the next stage. Some of these young entrepreneurs also experience difficulty in accessing adequate capital for expansion of their operations.
The Dominica Youth Business Trust adopts a holistic approach to youth business development to address the problems of these young aspiring and prospective entrepreneurs. A four-week Entrepreneurship Development Program (EDP) targets the young people who are preparing to venture into business, while a two-day Small Business Assistance Facility (SBAF) targets those who are already in business. The programs of the Dominica Youth Business Trust are offered at no cost to the participants; however a commitment fee of EC$25.00 is paid by each recruit during registration for the four-week Entrepreneurship Development Program (EDP).