FREEPORT, Grand Bahama. August 7, 2024 – The Grand Bahama Port Authority, Limited (GBPA) recently officially announced a transformative collaboration with the University of The Bahamas (UB) through the signing of a Memorandum of Understanding (MOU) for UB’s pioneering IGNITE Program. This strategic partnership marks a significant leap forward in advancing academic and professional development, nurturing entrepreneurial talent, and stimulating economic growth on Grand Bahama.
In a press release on August 1, the GBPA said the IGNITE Program is designed to bridge the gap between academic theory and practical application, equipping students with critical skills to excel in today’s competitive job market. By integrating rigorous academic learning with hands-on experiences, the program aims to develop a new generation of forward-thinking leaders and entrepreneurs.
Derek Newbold, Chief Investment Officer of GBPA, emphasized that the IGNITE Program “embodies our dedication to enhancing educational quality and driving economic progress in our communities.”
“We are enthusiastic about supporting this initiative, which includes guiding curriculum development and entrepreneurship courses. Our objective is to ensure that educational programs align with the evolving demands of the job market and empower aspiring entrepreneurs with essential skills. Our team of experienced managers and executives will provide mentorship, and we are committed to supporting the program through financial contributions,” said Newbold.
Dr. Maria Woodside-Oriakhi, Vice President and Provost of Academic Affairs at the UB, emphasized the significance of this initiative, adding that “this MOU aligns with our mission to elevate educational experiences by offering practical learning opportunities, internships, and direct access to industry leaders. It underscores our commitment to promoting entrepreneurship among our students.”
The program’s Executive Director, Keturah Babb-Higgs, says the program transcends traditional education and serves as a catalyst for transformative change.
The MOU signing ceremony, held at the GBPA headquarters on July 30, marks the official launch of this innovative initiative. The next cohort of the IGNITE Program will commence in the upcoming academic semester in September, with applications opening this month. Prospects can visit ubignite.com for more information and to apply.
