Friday 15th November, SeyCCAT convened a meeting of organisations providing grants financing in Seychelles. Following three years of grants-making, SeyCCAT felt it was necessary to meet with others with grants making experience to share best practice and lessons learned. It became increasingly obvious that there is a need for capacity-building, in terms of project writing, financial management and monitoring and evaluation for grantees. There are a number of opportunities to work together, that include, sharing information among the different funds to ensure there is no duplication of projects, building and scaling up on efforts. For example, SeyCCAT is able to support aspiring entrepreneurs with research and development but does not provide start-up capital. Such entrepreneurs can seek start-up capital from other partners such as ESA as a grant or DBS for a low-interest loan. 

In the new year, the funds will reconvene to have an information fair to showcase the financing options they provide. Watch this space.