Business in brief

CEC reaches out to biotech companies

Cayman Enterprise City is teaming up with U.S. channel partner Intellectual Resources Corp., a provider of strategic intellectual property advisory services, to target the biotechnology industry at the 2015 Bio-IT World Conference & Expo in Boston on April 21-23.

CEC’s Rachelle Peterson, a global business development manager who will travel to the conference, said, “Establishing a strategy for a company’s offshore IP is fundamental in relocation and growth, so with the help of IRC we hope to be able to offer prospective clients a complete service offering.

“We are looking to expand CEC’s biotechnology and IT parks at the conference, and Boston is the perfect city because it is one of the top biotech hubs in the U.S.,” she added.

Small business expo to be held this week

The Department of Commerce and Investment Small Business Expo will be held on Saturday, April 18, from 9 a.m. to 7 p.m. at the Family Life Centre.

DCI Director Ryan Rajkumarsingh said, “The vibrancy of our small business community is constantly on display, as Cayman’s society takes pride in our commercial initiatives. By showcasing these businesses, we are keeping the entrepreneurial spirit alive.”

Sponsors for this year’s expo include Hurley’s Entertainment, the Cayman Islands Information and Communications Technology Authority, KPMG, Cayman National Bank, Royal Bank of Canada, Dart, Cayman Enterprise City, AI Equipment Rentals, Chamber of Commerce and Radio Cayman.

For more information, contact DCI Business Services Officer Thais Ducent at [email protected] or call 244-2278.

Top students head to Dubai for business case competition

The KPMG International Case Competition final, which challenges students to review and develop solutions for a number of business case studies, takes place this week in Dubai, United Arab Emirates.

A team of four Caymanian students. Lara Butler, Robynette Hera-Bodden, Thomas H. Hanson and Owen Foster, the winners of the KPMG Cayman Islands competition, will compete in Dubai against 108 finalists from 27 countries.

Sheenah Hislop, partner at KPMG in the Cayman Islands, said the competition “is an amazing opportunity for students to gain the experience to address real-life business challenges.”

“To observe students grow in confidence as they progress through each round of the competition and learn from the judges’ feedback, brings to life how talented students are today,” she said. “This program provides the opportunity for us to give our students an experience of what working at KPMG is like and the variety of challenges we address in dealing with global clients.”

Every team in the competition has produced a short video about themselves and the culture of their country.

To meet the team from the Cayman Islands and to vote for their video, visit the KICC KPMG Facebook page

UCCI student receives prize from Cayman Finance

Cayman Finance recently presented the winning prize of an iPad Air to University College of the Cayman Islands student Kendra Rankin after she correctly answered and submitted a quiz at Cayman Finance’s booth at the Chamber of Commerce Career Expo.

Jude Scott, CEO of Cayman Finance, congratulated Kendra on winning her prize.

“Cayman’s financial services industry is the largest employer of Caymanians, so it is important to educate people in the community, especially our students, about the industry, its role in the global economy, and its various career opportunities,” Mr Scott said. “In order to educate and engage the students, they had to read an overview about the industry and then correctly complete the quiz.”

100 people completed the survey and a winner was drawn at random.

Ms. Rankin is working on her associate’s degree and plans to graduate in November 2016.