Demerara Bank awards $1M each to 10 entrepreneurs – Innovation tank programme

Ten entrepreneurs have been selected as winners of the 2025–2026 DBL Innovation Tank Programme, an initiative by Demerara Bank Limited (DBL) aimed at supporting early-stage businesses across Guyana. The programme, launched in September 2025, is part of the bank’s $10 million corporate social responsibility commitment. It was designed to assist start-ups by providing non-repayable grant funding, mentorship and business development support under the theme “Dream. Build. Lead”.
According to the bank, more than 200 entrepreneurs from across the country submitted applications outlining business ideas focused on solving problems, creating opportunities and contributing to economic growth. Applications were assessed through a structured screening process that examined innovation, business viability, scalability and potential contributions to sustainable development in Guyana.
From the pool of applicants, 23 entrepreneurs were shortlisted to participate in a development phase that included mentorship, technical training and business guidance. The bank stated that the training and mentorship component was delivered with support from several partner organisations, including the Guyana Manufacturing & Services Association (GMSA), the American Chamber of Commerce Guyana (ACCG) and the Centre for Local Business Development (CLBD).
The programme concluded on March 7, 2026, with a Pitch Day during which finalists presented their business ideas before a panel of judges comprising banking professionals. Presentations were evaluated based on several criteria, including clarity of business concept, innovation, market demand, revenue strategy, growth potential, financial understanding, risk awareness, leadership capability, and social and environmental impact. Representatives from Demerara Bank said they were encouraged by the quality of the presentations.
“We were truly impressed by the level of creativity, preparation and determination displayed by the participants. The ideas presented were thoughtful, innovative and reflective of a new generation of entrepreneurs who are eager to contribute meaningfully to Guyana’s development,” the bank said in a release on Tuesday.
Following deliberations, the judging panel selected 10 ventures that demonstrated strong potential for growth and impact. Each winner will receive a $1 million grant along with continued mentorship and access to business networks.
The 2025–2026 DBL Innovation Tank winners are Ruth Pendleton – Divine Preserves; Da Costa Aboagye – ProElevate Sports Agency; Nadeen Dejonge – Agri Organics & Solutions; Winton Camacho – Aqua Greens Guyana; Kevin Higgins – Farm For Christ; Kayteram Prasaud – Legacy Shine Automotive; Andre Sargeant – Selector Andre Entertainment; Delon Simpson – Kukki Agriculture; Ann Marie Machado – Auto Climate Solutions; and Sherman Gonsalves – G. Reclaim, Recycle & Construction.
Demerara Bank said the Innovation Tank is intended to support entrepreneurs and encourage the growth of small businesses capable of generating employment and contributing to economic development. The bank also acknowledged the more than 200 applicants who participated in the programme and congratulated the 23 finalists who reached the final stage. Building on the success of the initiative, Demerara Bank said it intends to continue the programme in the 2026-2027 cycle with plans to expand support for entrepreneurs in the years ahead.